Brief: Proact IT Group Sales For Q4, 2024 Expected To Decrease By 10-15% Yoy
16/12/2024 07:31
Dec 16 (Reuters) - Proact IT Group AB PACT.ST :
* PROACT IT GROUP AB (PUBL) ANNOUNCES WEAKER SYSTEM SALES
AND THUS
A LOWER RESULT FOR THE FOURTH QUARTER COMPARED TO THE SAME
PERIOD LAST YEAR
* SALES FOR Q4 OF 2024 ARE EXPECTED TO DECREASE BY 10-15%
YOY
* DEVIATION IS EXPLAINED BY A TEMPORARY DECLINE IN SYSTEMS
BUSINESS AND A CONTINUED CHALLENGING MARKET IN GERMANY.
* Q4 ADJUSTED EBITA TO FALL BY 20-30% COMPARED TO SAME
QUARTER
LAST YEAR
* EXCEPT FOR WEAK GERMAN MARKET, NEGATIVE DEVELOPMENT IN
QUARTER
IS OF A TEMPORARY NATURE
* DEMAND FOR COMPANY'S PRODUCTS AND SERVICES REMAINS GOOD
AND
VALUE OF NEW CLOUD CONTRACTS IN Q4 HAS DEVELOPED POSITIVELY
* MARKET IS EXPECTED TO CONTINUE TO DEVELOP WELL IN COMING
QUARTERS
Source text: ID:nWkrb0sbwY
Further company coverage: PACT.ST
(Gdansk Newsroom)
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