Proffice year end report 2007
Strongly improved margin and continued growth for Proffice
• Operating profits increased to MSEK 127 (37) for the full year 2007.
• Turnover increased by 33 per cent for the same period.
– The profit for the fourth quarter, more than doubled and amounted to MSEK 59, a margin of 5.5%. For the first time, the turnover exceeded more than one billion SEK for one quarter, says Lars Wahlström, CEO Proffice AB. We continue to focus on Nordic specialist areas which now amount to 18% of our turnover and 38% of our operating profit for the year 2007.
January – December
• Net turnover MSEK 3,791 (2,851)
• Operating profit MSEK 127 (37)
• Profit after tax MSEK 98 (24)
• Earnings per share SEK 1.25 (0.28)
October – December
• Net turnover MSEK 1,069 (865)
• Operating profit MSEK 59 (22)
• Profit after tax MSEK 47 (16)
• Earnings per share SEK 0.65 (0.19)
Important events after the end of the period
• Proffice starts another Nordic specialist company, Proffice Engineering, with staffing solutions for the technology area. This area has a big potential, with a total turnover for the Nordic region of SEK 70 billion. Today, Proffice has a turnover for this area of MSEK 30 on an annual basis.
• Together, Proffice’s daughter companies Antenn, Career & Development, and Proffice Sverige, have received a unique assignment from the Swedish employment agency in the region Västra Götaland to train and prepare the unemployed seeking a job in the region. When more people find new jobs it will lead to greater mobility in the labour market. Proffice received the assignment in competition with twelve other actors.
• Proffice, Norway, has signed an agreement with Teleperformance to staff Teleperformance’s new service department in Moss.
Please find enclosed the full report (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 specialised flexible staffing company with more than 10,000 employees in the Nordic region. We provide temporary staffing, recruitment services, and career & development programs. Proffice is a Small Cap company on the OMX Nordic Exchange in Stockholm. www.proffice.com
The above information is such that Proffice AB is obligated to disclose in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication on February 7, 2008 at 08:00 CET.
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