Corporate Governance

Presidents Statement

Five percent target margin reached for the third quarter 

I am proud to once again be able to report a positive revenue and profit development. This excellent devel-opment means that we are reporting the best revenues and profits for a third quarter in the history of the company, and for a seventh consecutive quarter. The positive development means we are reporting a 5% profit before tax margin for the third quarter, which clearly is very pleasing to see.  

Profit before tax for the third quarter amounted to SEK 32.6 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 261 million, representing an increase of 7%. Service revenues relating to cloud services amounted to SEK 101 million, representing an increase of 12%. System revenues also devel-oped positively and amounted to SEK 394 million, representing an increase of 13%.  

This excellent financial 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”. 

We are constantly working according to our established strategy and with defined focus areas, in order to meet the company’s objectives and financial targets. It is pleasing that we continue to see positive effects of this work in form of good growth, positive financial performance and an increased net margin. We are also working constantly to develop our offering in fields such as security, automation and applications, these fields are of increasing strategic importance to Proact. Making sure business-critical information is secure is ex-tremely important to our customers. Security threats are real and must be taken into account, no matter what they involve, e.g. following various regulations or legal requirements, ensuring protection against mistakes, sabotage or malicious program code. Proact’s experience and expertise, along with our various services and solutions in the field, create safety and significant benefits for customers. 

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 the various fields 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, 20 October 2017 

Jason Clark

CEO

 

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