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Proact IT Group AB ( (SE:PACT) ) has provided an update.
Proact IT Group AB reported modest first-quarter 2026 revenue growth of 2.3% to SEK 1,243 million, but delivered a sharp improvement in profitability, with adjusted EBITA up 45.7% and margin rising to 9.3%. Earnings per share increased to SEK 3.04, cash flow from operations strengthened markedly, and recurring cloud and support revenues remained stable, underscoring the resilience of its services base.
Operationally, Proact advanced its strategic positioning by being appointed an authorised VMware Cloud Service Provider within Broadcom’s partner program and by signing a new loan agreement that adds financial flexibility through a EUR 20 million term facility and a SEK 600 million revolving credit line. After the quarter, the company flagged that Q1 results would significantly exceed expectations and agreed to divest its Dutch staffing business, signalling a clearer focus on core cloud and IT infrastructure services and potentially improving its long-term margin profile.
More about Proact IT Group AB
Proact IT Group AB is an IT services and infrastructure provider focused on data centre solutions, cloud services and managed support. The company operates across Europe, helping enterprises manage, store and secure data, and has been expanding its role as a specialist partner in hybrid cloud and multi-vendor environments.
Average Trading Volume: 67,086
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK3.02B
Find detailed analytics on PACT stock on TipRanks’ Stock Analysis page.