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An announcement from Proact IT Group AB ( (SE:PACT) ) is now available.
Proact IT Group AB has announced the completion of its cost-efficiency program, which was initiated earlier this year and will conclude in the fourth quarter of 2025. This program, which involves staff reductions and management changes, will incur one-off costs of approximately SEK 55 million. The initiative aims to enhance operational efficiency and create conditions for profitable growth, particularly within Business Unit Central and Business Unit West. Meanwhile, Business Unit Nordic & Baltics and Business Unit UK have maintained strong performance throughout the year.
The most recent analyst rating on (SE:PACT) stock is a Hold with a SEK112.00 price target. To see the full list of analyst forecasts on Proact IT Group AB stock, see the SE:PACT Stock Forecast page.
More about Proact IT Group AB
Proact is a leading specialist in data and information management, focusing on cloud services and data center solutions across Europe. The company helps customers store, connect, protect, secure, and drive value through their data, enhancing agility, productivity, and efficiency. With over 4,000 customers and managing hundreds of petabytes of information, Proact employs more than 1,200 people in 12 countries across Europe and North America.
Average Trading Volume: 43,995
Technical Sentiment Signal: Buy
Current Market Cap: SEK2.81B
Learn more about PACT stock on TipRanks’ Stock Analysis page.