POOLIA YEAR-END REPORT 1 JANUARY – 31 DECEMBER 2013


Focus on profitability improvement in a streamlined organisation
Quarterly period October-December

Reported revenue, earnings, cash flow and financial ratios relate to continuing
operations and do not include Utvecklingshuset and the UK.

  · Poolia's revenue amounted to SEK 182.2 (207.7) million, a decline of 12.2%.
  · Operating profit/loss was SEK -0.8 (-30.5) million, with an operating margin
of -0.4% (-14.7%).
  · Profit/loss before tax was SEK -0.8 (-30.3) million.
  · Profit/loss after tax was SEK -0.3 (-24.4) million.
  · Earnings per share amounted to SEK -0.02 (-1.42).
  · Cash flow from operations for the quarter was SEK -11.5 (-6.3) million.
  · The outplacement business of Utvecklingshuset was divested on 1 December
2013.
  · Profit/loss for the period from discontinued operations amounted to SEK -2.9
(-1.9) million.

Other significant events

  · Morten Werner has been appointed as the new Managing Director and CEO from 1
February 2014.
  · The UK business will be divested on 28 February 2014.

Period January-December

Reported revenue, earnings, cash flow and financial ratios relate to continuing
operations and do not include Utvecklingshuset and the UK.

  · Poolia's revenue amounted to SEK 729.1 (888.5) million, a decline of 17.9%,
(17.9% in local currency).
  · Operating profit/loss was SEK 2.4 (-23.2) million, with an operating margin
of 0.3% (-2.6). The figure includes post-employment costs associated with the
former CEO.
  · Profit/loss before tax was SEK 2.3 (-23.0) million.
  · Profit/loss after tax was SEK 2.5 (-18.8) million.
  · Earnings per share amounted to SEK 0.15 (-1.10).
  · Cash flow from operations for the period was SEK -2.4 (15.2) million.
  · The equity/assets ratio ended the period at 28.4% (29.7%), and the Group’s
equity per share was SEK 3.52 (4.62).
  · Profit/loss for the period from discontinued operations amounted to SEK
-22.3 (-6.7) million. The figure includes goodwill impairment of SEK 12.8
million attributable to outplacement operations.
  · The Board of Directors proposes that no dividend be paid to the
shareholders.

From the CEO – "Focus on profitability improvement in a streamlined
organisation"

Poolia reported earnings for continuing operations in the fourth quarter of SEK
-0.8 (-30.5) million. Restructuring costs had an adverse effect of SEK 1.5
million on earnings for the quarter. Revenue for the quarter was SEK 182.2
(207.7) million, a decline of 12.2%.

Earnings for continuing operations for the full year were SEK 2.4 million.
Excluding costs associated with the former CEO (SEK 3.7 million), Q4
restructuring­ costs (SEK 1.5 million) and losses from the previously
discontinued operations Poolia Lead (SEK 0.8 million) and Poolia Talent Eye (SEK
1.0 million), earnings for continuing operations amounted to SEK 9.4 million for
2013.

A focused cost reduction programme has been implemented for the support
functions and will reduce annual costs by approx. SEK 9 million. The programme
has resulted in restructuring­ costs of SEK 1.5 million in the fourth quarter.

Market demand remains weak. However, there were signs of some positive market
trends towards the end of the period. Prices continue to be unchanged.

Poolia Sweden reported earnings of SEK -3.0 (-29.5) million for the fourth
quarter of 2013. Revenue was SEK 141.2 (173.2) million, a decline of 18%. Demand
for temporary staffing services is stable but at a low level. Demand for
permanent placement has been low compared with the previous year. However, we
have seen an increase in permanent placement enquiries in Sweden at the end of
the period. Large-scale initiatives to improve profitability have been
conducted. Marketing and sales activity has increased significantly as a result
of clearer requirements, a substantial increase in sales work and simplified
internal processes. The number of employees in the support functions has been
reduced in order to reduce costs and allow some increase in the number of sales
staff.

Poolia Germany's revenue for the fourth quarter grew by 13%, which means that
Poolia continues to gain market shares. Earnings continued to show positive
growth. Development of the offices that are not yet showing satisfactory
profitability is continuing as planned.

Poolia Finland reported a strong fourth quarter. Revenue grew by 23% in local
currency, with a good operating margin of 8.7%.

After the end of the period, an agreement was signed with Staffing 360 Solutions
Inc. for the acquisition of Poolia's UK business. Subject to the approval of an
employee consultation process, which is required under UK law, the business will
be transferred on 28 February 2014. Poolia has suffered losses in the UK market
for several years and as profitability for the business is still some distance
ahead, Poolia has made it a priority to develop its operations in the Swedish,
Finnish and German markets.

The process of streamlining Poolia's organisation is now completed, and all
energy can be channelled towards developing the profitable core business. I wish
the incoming CEO every success in this work.

Dag Sundström
Acting Managing Director and CEO (to 31 January 2014)
Contact person:
Morten Werner, MD and CEO, tel: +46 70 636 25 25
Poolia’s business concept is to provide companies and organizations with the
skills that, either temporarily or permanently, meet their needs for qualified
professionals. Poolia specialize 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 has business in Sweden, Finland, United
Kingdom and Germany. Poolia is listed on the NASDAQ OMX Stockholm AB since 1999.

Anhänge

02132840.pdf