POOLIA INTERIM REPORT 1 JANUARY – 30 JUNE 2013


Continued weak but stable market
Quarterly period April-June

  · Poolia's revenue amounted to SEK 204.7 (258.1) million, a decline of 20.7%
(19.7% in local currency).
  · Operating profit/loss amounted to SEK -5.4 (0.3) million, with an operating
margin of -2.6% (0.1%).
  · Profit/loss before tax was SEK -5.5 (0.6) million.
  · Profit/loss after tax was SEK -4.6 (0.0) million.
  · Earnings per share was SEK -0.27 (0.00).
  · Cash flow from operations for the quarter amounted to SEK 5.4 (10.2)
million.

Interim period January-June

  · Poolia's revenue amounted to SEK 418.6 (534.8) million, a decline of 21.7%
(20.9% in local currency).
  · Operating profit/loss amounted to SEK -2.1 (3.2) million, with an operating
margin of -0.5% (0.6%).
  · Profit/loss before tax was SEK -2.2 (3.2) million.
  · Profit/loss after tax was SEK -2.3 (1.5) million.
  · Earnings per share was SEK -0.14 (0.09).
  · Cash flow from operations for the period was SEK 11.0 (19.5) million.
  · The equity/assets ratio ended the period at 30.2% (33.2%), while the Group’s
equity per share was SEK 4.50 (6.24).

Other significant events

  · Poolia's CEO Monika Elling has resigned and Board member Dag Sundström has
taken over as Acting CEO until a new CEO is recruited.
  · The subsidiary Talent Eye AB will be sold to Monika Elling following a
resolution at an extraordinary general meeting.

From the CEO – "Continued weak but stable market"
Poolia reported an operating profit/loss of SEK -5.4 (SEK 0.3) million for the
second quarter of 2013. Revenue for the quarter was SEK 204.7 (258.1) million, a
decline of 19.7% in local currency.

Financially, the second quarter was a disappointment, primarily driven by
seasonality with fewer working days than other quarters, as well as a high
proportion of unoccupied time in certain units. Permanent placement revenues
were also generally lower than normal, reflecting less change activity than
usual in the business sector. The general market outlook remains relatively
weak, with low demand in all markets. Poolia's CEO Monika Elling resigned during
the quarter and one-off costs associated with the resignation reduced earnings
by SEK 3.7 million. Poolia's restructuring process will continue until the
Company is able to show satisfactory results.

Poolia Sweden reported an operating profit/loss of SEK -5.4 (1.4) million for
the second quarter of 2013. Revenue was SEK 157.5 (205.3) million, a decline of
23%. Demand for temporary staffing services is stable but at a low level. The
outplacement business, which is run by Utvecklingshuset, had an adverse effect
on operating profit during the quarter.

Poolia Germany's revenue for the quarter grew by 29% in local currency, which
means that Poolia continues to gain market shares. Although operating profit is
developing in a positive direction, it is still lower than expected, due to
weaker growth in permanent placement revenue than expected. Earnings continue to
be burdened by the costs of building up the office structure.

At Poolia UK, the process of building up the business, mainly in Finance &
Accounting, is continuing. While the core business shows positive signs and the
organisation has a high level of activity, earnings are suffering from high
overhead costs; a situation which will continue for some time.

Poolia Finland's revenue is stable and has outperformed the market. Operating
profit is slightly lower than the previous year, primarily due to lower
permanent placement revenue.

In spite of the grave situation I look to the future with confidence. Poolia has
committed and talented employees who continue to deliver qualified temporary
staffing and permanent placement services to satisfied customers.

Dag Sundström
Acting Managing Director and CEO
For more information, please contakt:
Dag Sundström, Act. MD and CEO, tel: +46 70 511 64 58
Poolia’s business concept is to provide companies and organisations with the
skills that, either temporarily or permanently meet their needs for qualified
professionals. Poolia specialise in temporary staffing and permanent placement
of professional staff in our focus areas of Finance & Accounting, Financial
Services, Office Support, IT & Engineering, Sales and Marketing, Human
Resources, and Executive Search. Poolia’s subsidiary Utvecklingshuset offers
outsourcing services on the Swedish market. Poolia is listed on the NASDAQ OMX
Stockholm AB since 1999.

Anhänge

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