Q3 2025 Proact IT Group AB Earnings Call Transcript
Key Points
- Proact IT Group AB (STU:PIU0) reported a strong cloud order intake of SEK248 million, more than doubling year-over-year.
- The company received the Global Partner Innovation Award from NetApp, highlighting its innovation in cybersecurity and resilience.
- Proact IT Group AB (STU:PIU0) is expanding its Nordic business unit with the acquisition of Consular, a strong player in data infrastructure and cloud solutions.
- The UK business unit showed strong performance with a 19% revenue increase, driven by both systems and services.
- Recurring revenue increased, driven by growth in support services, indicating a focus on long-term customer relationships.
- Total revenue decreased by 4.3% compared to the same quarter last year, reflecting weaker system sales.
- The Central and West business units faced performance issues, with revenue declines of 9.5% and 18.6% respectively.
- Adjusted EBITA decreased by 3.9%, mainly due to lower sales volumes in Nordic and Baltics and market challenges in West and Central.
- Cash flow from operating activities was negative, impacted by working capital movements and tougher payment terms.
- The company is facing challenges in adapting its cost structure in response to market conditions, particularly in Germany and the Netherlands.
Good morning, everyone, and welcome. I'm Magnus Lonn, CEO of Proact, and I'm here to guide you through our Q3 report that we released early this morning. And together, I have Noora, our CFO, that will guide us through the financial details. And I think we will do like this that I will start with a short introduction on Proact, which we are as a company for you that might not have follow us earlier, and we will have a slight overview of the market that we are operating in. And then we dig into the quarterly highlights and what we have done since we had last conversations.
Noora will guide us through our financial details, and then we wrap up with a summary and questions for those to conclude the meeting today.
So moving over to Proact. We are a tech company founded in Sweden 30 years ago, and we are very super focused on helping our customers to secure their critical data and help them with their infrastructure when it comes to their IT environment. This is a very sort of
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