Proact IT Group AB
STO:PACT
Proact IT Group AB
Proact IT Group AB engages in the provision of data storage and cloud services. The company is headquartered in Kista, Stockholm and currently employs 1,178 full-time employees. The Company’s solutions cover all data centre elements, including storage, servers, security and network functions. The company mainly serves the Trade & Services, Public Sector, Telecoms and Manufacturing Industry segments. The firm is active in Belgium, Czech Republic, Denmark, Estonia, Finland, Latvia, Lithuania, the Netherlands, Norway, Slovakia, Spain, the United Kingdom, Sweden, Germany and the United States. The Company’s subsidiaries are Databasement International Holding BV, Proact Czech Republic sro, Proact Estonia AS, Teamix GmbH and ProAct Finance AB, among others.
Proact IT Group AB engages in the provision of data storage and cloud services. The company is headquartered in Kista, Stockholm and currently employs 1,178 full-time employees. The Company’s solutions cover all data centre elements, including storage, servers, security and network functions. The company mainly serves the Trade & Services, Public Sector, Telecoms and Manufacturing Industry segments. The firm is active in Belgium, Czech Republic, Denmark, Estonia, Finland, Latvia, Lithuania, the Netherlands, Norway, Slovakia, Spain, the United Kingdom, Sweden, Germany and the United States. The Company’s subsidiaries are Databasement International Holding BV, Proact Czech Republic sro, Proact Estonia AS, Teamix GmbH and ProAct Finance AB, among others.
Revenue Decline: Q2 revenue was SEK 1.17 billion, down 7.9% year-on-year, mainly due to weakness in West and Central business units.
Profitability: Adjusted EBITA reached SEK 76 million with a margin of 6.5%, impacted by lower service revenues and reduced gross margin.
Strong Nordics & UK: Nordic & Baltics and UK units both delivered revenue growth and strong margins, offsetting weaknesses elsewhere.
Action Plan: Group-wide cost and efficiency actions are underway, especially targeting underperforming West and Central units.
Recurring Revenue: Annualized recurring revenue fell 2.8% to SEK 1.7 billion, with cloud services revenue down 5% due to churn.
Cash Position: Net cash fell to SEK 100 million from SEK 330 million at year-end, reflecting acquisition and shareholder payouts.
AI & Cloud Expansion: Launched new AI services in Proact Hybrid Cloud and saw strong early results from BlakYaks acquisition.
Strategic Focus: Profitability prioritized over growth in the near term, with M&A interest centered on Nordics and UK.
