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2024-Q4 PR GR Q4 earnings announcement (ENG)
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Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Informationsteknik |
| Industri | Infrastruktur |
After several quarters of good growth in Proact's systems business, lower systems revenue is expected in the fourth quarter compared with the same quarter last year, particularly in Business Unit Nordic & Baltics. In addition the German market remains challenging, which affects Business Unit Central.
Therefore, the company's sales in the fourth quarter are expected to decrease by around 10-15 percent and adjusted EBITA by around 20-30 percent compared to the same period last year.
Except for the weak German market, the negative development in the quarter is of a temporary nature. Demand for the company's products and services remains good and the value of new cloud contracts in the fourth quarter has developed positively. The market is expected to continue to develop well in the coming quarters.
“After a number of good quarters, the year ends weaker. Historically, we have seen that our systems business can vary in volume between individual quarters and unfortunately we see a sales decline in the final quarter of an otherwise positive year. However, we see a strong demand for cloud services during the period.. We continue to see a positive market for our products and services in 2025,” says Jonas Hasselberg, President and CEO of Proact IT Group AB
This disclosure contains information that Proact IT Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 16-12-2024 08:30 CET.
For further information, please contact:
Jonas Hasselberg, CEO, Proact IT Group AB, +46 722 13 55 56, jonas.hasselberg@proact.eu
Noora Jayasekara, CFO & IR, Proact IT Group AB, +46 70 318 92 97, noora.jayasekara@proact.eu
About Proact
Proact is Europe’s leading specialist in data and information management with focus on cloud services and data centre solutions. We help our customers to store, connect, protect, secure and drive value through their data whilst increasing agility, productivity and efficiency. We’ve completed thousands of successful projects around the world, have more than 4,000 customers and currently manage hundreds of petabytes of information in the cloud. We employ over 1,200 people in 12 countries across Europe and North America. Founded in 1994, our parent company, Proact IT Group AB (publ), was listed on Nasdaq Stockholm in 1999 (under the symbol PACT). For further information about Proact’s activities please visit us at www.proact.eu