Increased profitability and continued growth for Proffice
·  Operating profit increased to MSEK 24 during the second quarter.
·  Turnover increased by 42 per cent during the second quarter.

– Proffice improved the operating profit for the first half  year 2007 and all the operations are moving in the right direction, says Lars Wahlström, CEO Proffice AB.  Our specialisation on selected segments and efficiency measures continued to generate result during the second quarter. Actions taken in Denmark rendered expected result, the Danish operation has delivered black figures during the last two months.

– I am also pleased to note that the strong growth continues, and that we gain market shares at the same time as the profit improved ends Lars Wahlström.

April - June
·  Net turnover MSEK 938 (659) – an increase by 42 per cent also this quarter
· Operating profit MSEK 24 (5)
· Profit after tax MSEK 18 (5)
· Earnings per share SEK 0.22 (0.06)

January - June
· Net turnover MSEK 1,783 (1,253) – an increase by 42 per cent 
· Operating profit MSEK 37 (2)
·  Profit after tax MSEK 28 (3)
·  Earnings per share SEK 0.32 (0.03)

Important events after the end of the period
· Acquistion of the physician staffing company Medifact in Norway. The acquisition will strengthen Proffice Care’s position on the Nordic market, now with operations in Sweden, Denmark and Norway. The turnover for Proffice Care together with the acquired company Medifact is approximately MSEK 400 on an annual basis.

 Please find the full report enclosed (pdf)

Questions related to this report will be answered by:
Lars Wahlström, CEO, phone +46 73 34 34 200 lars.wahlstrom@proffice.com
Anneli Lindblom, CFO, phone +46 73 34 34 020 anneli.lindblom@proffice.com

Proffice AB (publ), org.nr 556089-6572, P.O. Box 70368, SE-107 24 Stockholm, Sweden.
Phone: +46 8 787 17 00, www.proffice.com

Proffice is the Nordic specialised flexible staffing company with more than 10,000 employees. We provide temporary staffing, recruitment services, and career & development programs. The Proffice share (PROE B) is listed on OMX Nordic Exchange in Stockholm and has moved up to segment Mid Cap from July 1, 2007. The roundlot has changed from 1000 to 500.