Poolia Interim Report 1 January - 30 September 2010

Poolia Interim Report 1 January - 30 September 2010

July to September Quarter

  · Revenues totalled MSEK 339.3 (317.9)
  · The operating profit was MSEK 8.4 (3.6)
  · The profit before tax was MSEK 8.0 (3.4)
  · The profit after tax was MSEK 6.1 (1.4), corresponding to SEK 0.34
(0.06) per share
  · Cash flow for the quarter from operating activities was MSEK 5.3
(8.2)

 January to September interim period

  · Revenues totalled MSEK 982.2 (995.6)
  · The operating profit was MSEK 10.4 (27.0)
  · The profit before tax was MSEK 10.0 (27.9)
  · The profit after tax was MSEK 6.8 (18.8), corresponding to SEK 0.37
(1.06) per share
  · Cash flow for the interim period from operating activities was MSEK
-5.2 (14.4)
  · The shareholders' equity/assets ratio at the end of the period was
45.1% (50.3) and the Group's equity per share was SEK 11.12 (12.71)

 Significant events during the quarter

  · Monika Elling new MD and CEO of Poolia
  · Recruitment of a new country manager in Germnay has started 
  ·  Focus on permanent placement and Poolia Executive
  · Dedicare starts Omsorg AB 1 November 2010

 From the CEO

It was with tremendous pride and enthusiasm that I travelled around our
Poolia offices. In Poolia there is a spirit, a desire and an energy that
whets the appetite. Our strategic direction is firmly in place, with a
focus on qualified, experienced professionals. We must further
strengthen and communicate our quality values. We will be adding
customer concepts to supplement the current range of services. The next
step is an increased focus on the permanent placement business and
Poolia Executive Search.

In the third quarter of 2010 we achieved an increase in revenues of 6.8%
or 8.5% in local currency. We also foresee continued growth in the
market. The operating profit of MSEK 8.4 for the Group (3.6) represents
an increase of MSEK 4.8. The operating margin of 2.5% is increasing in
relation to last year and earlier in 2010, although we are not satisfied
with this and there will be an increased focus on our operating margins.

Poolia Sweden, which represents 52.9% of revenues, has grown healthily
by 19%, with the operating profit increasing from MSEK 2.8 to MSEK 5.5.
In Germany we can see good opportunities for growth and development of
profitability. Growth in local currency is 24% for the quarter, and the
negative profit figure is misrepresentative. Poolia UK almost broke
even, which is our next objective, and the economy is allowing us to
increase the number of employees to achieve the necessary density in our
existing premises. Poolia Finland has a strong operating margin and is
preparing for the next stage in its growth. Because of its size, the
small business in Poolia Denmark experiences large variations in its
operating profit, and broke even for the period. Dedicare, which has its
high season during the summer, is achieving a good margin even without
growth.

Monika Elling
MD and CEO

For further information please contact: 
Monika Elling, CEO, Tel. +46 8 555 650 60, +46 70 512 02 01
Lotta Nilsson, CFO, Tel. +46 8 555 650 64, +46 73 944 50 64