Proact IT Group Full Year 2024 Earnings: Beats Expectations

Proact IT Group (STO:PACT) Full Year 2024 Results

Key Financial Results

• Revenue: kr4.86b (flat on FY 2023).
• Net income: kr219.9m (up 27% from FY 2023).
• Profit margin: 4.5% (up from 3.6% in FY 2023).
• EPS: kr8.15 (up from kr6.29 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Proact IT Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%.

The primary driver behind last 12 months revenue was the Nordics & Baltics segment contributing a total revenue of kr2.53b (52% of total revenue). Notably, cost of sales worth kr3.66b amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to kr525.3m (53% of total expenses). Explore how PACT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the IT industry in Sweden.

Performance of the Swedish IT industry.

The company's shares are up 5.1% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Proact IT Group that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.