Corporate Governance

Presidents Statement

The business has continued its positive development during the quarter. Profit before tax amounted to SEK 20.6 million, representing an increase of 70% compared with the same period last year. The company has increased its profit by 34% over the last 12-month period. I view this positive develop-ment of profit over the past year despite weak market development as a clear show of strength. Revenues during the period amounted to SEK 573 million, which represents an increase of 4% compared with the same period last year, and revenues increased by 1% when adjusted for currency effects. Business Units Nordic and Benelux & Spain, together with Proact Finance, have met expectations, while the profits of Business Units UK and East have been lower than expected.

Our strategic decision to focus on integrated systems has paid off in terms of both revenues and profit. A number of new contracts have been concluded in this field throughout the period, and a number of examples can be seen in the section entitled “Events in the quarter”. Our cloud services initiative has also continued to develop well. New contracts worth SEK 24 million have been concluded during the quarter and total cloud revenues are up by 42%. 

A customer survey has been carried out during the period which indicates very high levels of customer satisfaction. For example, customers value the expertise and experience available at Proact and are of the opinion that we make a positive contribution via these fields, helping customers’ businesses to become more efficient and minimising risks. Of course, this is very pleasing as this is precisely what we intend to do; alongside our objective within our focus area, which is to maintain uniquely outstanding expertise among our staff.

The improvement in profitability over the last few quarters has given us the opportunity to focus even more strongly on the long-term development of the company. This gives us greater opportunities to ensure that the company meets its financial targets over time.

Martin Ödmand

CEO and President

 

Articles of Association

 

 
Corporate Governace report
Article of Association   Corporate Governance Report

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