Corporate Governance

Presidents Statement

Continued positive development for revenues and profits 

For 2017 as a whole, I am proud to be able to report the highest revenues and best profits in the history of the company. Profit before tax amounted to SEK 152.5 million, representing an increase of 14% compared with last year. We have also continued to improve the company’s margin for 2017 as a whole, which is pleasing to see.

Profit before tax for the fourth quarter amounted to SEK 46.4 million, which is on a par with the corresponding period last year. Service revenues have continued to develop positively during the period and amounted to SEK 289 million, representing an increase of 10%. Service revenues relating to cloud services amounted to SEK 110 million, representing an increase of 18%. System revenues remained unchanged throughout the period, amounting to SEK 605 million. Total revenues for the fourth quarter amounted to SEK 895 million, representing an increase of 3%. This excellent financial trend shows that our specialist expertise and marketleading 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. The positive development that has taken place throughout the year in areas such as sales and marketing, development of customer offerings, standardisation of the services we provide and the acquisition made have paved the way for continued positive development of the company. Overall, it is clear to me that the initiatives implemented in the above various focus areas are paying off, making us even more competitive.

In addition to the above we develop our offering in new fields such as automation and applications, these areas are of increasing strategic importance to Proact. Another important element in our customer offering relates to information security, making sure business-critical information is secure is extremely 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. Our experience and expertise, along with our various services and solutions in the field, create safety and significant benefits for customers.

Overall, we have continued to develop our business very effectively throughout 2017. This has been possible thanks to everyone’s hard work and the structure created in 2016. 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 continuous positive development in terms of both revenues and profits.

I would like to finish by thanking all our staff, whose dedicated and professional efforts are helping to continue the positive development of the company.

Kista, 8 February 2018 

Peter Javestad

Acting CEO


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