Corporate Governance

Presidents Statement

I am very pleased to tell you that we are delivering the best operating profit for the first quarter that the company has ever seen. Cash flow during the period has also been satisfactory.
Revenue amounted to SEK 592 million during the quarter, representing an increase of 3% compared with the same period last year. Operating profit amounted to SEK 20.0 million, representing an increase of 60% compared with the same period last year and adjusted for non-recurring items. Business Units Nordic and Benelux & Spain, together with Proact Finance, have met expectations during the first quarter, while the performance of Business Units UK and East has been worse than expected.

All in all, the above demonstrates that the market values Proact’s role as an independent specialist. Our ongoing, continuous focus on outstanding expertise and being the most skilled integrator on the European market has further reinforced the competitiveness of the company.

Both new and existing customers appreciate the services we have to offer, which are constantly being developed. For instance, customers need only one point of contact for their support cases, which considerably facilitates dealing with support issues. Moreover, support revenue also helps to increase the amount of contracted revenue we have.

Our strategic decision to focus on new areas such as integrated systems is starting to pay off in terms of both revenue and profit. Several new contracts have been concluded in this field during the quarter. A number of examples of customers are stated in the section entitled “Events during the quarter” in the report. New agreements relating to cloud services, valued at SEK 30 million, have also been entered into during the quarter.

Our range of services, which includes data storage and associated consultancy and support services, integrated systems and cloud services, is received well by the market. In combination with our focused efforts to reinforce our relationships with both existing and new customers, this guarantees that the company will continue to develop well. I have every confidence that the Group will attain its long-term targets; to grow twice as quickly as the market, and to achieve 5% profit before tax.

Martin Ödmand

CEO and President

 

Articles of Association

 

 
Corporate Governace report
Article of Association   Corporate Governance Report

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