Corporate Governance

Presidents Statement

Continued positive development for revenues and profits

I am proud to once again report a positive development in both revenues and profits. This excellent develop-ment means that we are reporting the best revenues and profits for a second quarter in the history of the company. We have also continued to improve the company’s margin throughout the quarter, compared with the same period last year, which clearly is also very pleasing to see.

Profit before tax for the second quarter amounted to SEK 39.5 million, representing an increase of 15% com-pared with the corresponding period last year. Service revenues have continued to develop positively during the period and amounted to SEK 280 million, representing an increase of 7%. Service revenues relating to cloud services amounted to SEK 104 million, representing an increase of 14%. System revenues also devel-oped positively and amounted to SEK 548 million, representing an increase of 15%.

As already reported, Proact acquired all of the shares of the German company Teamix GmbH in early January 2017. The integration has continued successfully throughout the quarter and progresses in accordance with defined integration plan. Important functions such as sales, service delivery and financial reporting are now integrated in the Proact Group. It is also pleasing to see that the German business has developed positively throughout the quarter financially.

We are constantly working to our established strategy and defined focus areas, in order to meet the com-pany’s objectives and financial targets. It is pleasing to see the positive effects of this work in form of a positive growth, an increased profit as well as an improved net margin. In addition we are also constantly working to develop our offering. Areas such as security, automation and applications are of increasing strategic im-portance for Proact. During the quarter we announced a cooperation with Amazon Web Services (AWS). This makes Proact part of the “AWS Channel Reseller Program”, which makes it possible to combine Proact’s IT services, which are based on the company’s extensive data centre experience, with Amazon Web Services’ public cloud solutions. The objective for customers is to always have the ideal solution for their IT needs, with adaptation to the requirements of the business. As a specialist, Proact can help businesses take advantage of proven technology, enabling enterprises to move between on-premise environments, Proact data centres or the AWS cloud, quickly and without risk.

This excellent trend shows that our specialist expertise and market-leading offering with regard to data centres and cloud services are very much appreciated by both new and existing customers. We have successfully implemented a number of customer projects in the above fields during the quarter. Examples of projects implemented can be found in the section entitled “Events during the quarter”.

Proact’s objective is to act as a partner to our customers and offer high-quality services and market-leading technologies. We supply flexible services and solutions which quickly add sustainable, long-term value. Over-all, it is clear to me that the initiatives implemented in various fields are continuing to pay off, making us even more competitive. Our ability to help our customers to minimise risks and reduce costs, and also to supply flexible IT services and products, places us in a strong position on the European market, giving us good opportunities for continued positive development in terms of both revenues and profits.

Kista, 12 July 2017

Jason Clark

CEO

 

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