INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2013


"Focus on core business and intensive improvement work"
Quarterly period July-September

  · Poolia's revenue amounted to SEK 178.2 (217.8) million, a decline of 18.2%
(18.5% in local currency).
  · Operating profit/loss was SEK -14.1 (-0.7) million, with an operating margin
of -7.9% (-0.3%). The figure includes goodwill impairment of SEK 12.8 million
attributable to outplacement operations.
  · Excluding goodwill impairment, operating profit/loss was SEK -1.3 million
and the operating margin was -0.7%.
  · Profit/loss before tax was SEK -14.2 (-0.8) million.
  · Profit/loss after tax was SEK -14.3 (-0.8) million.
  · Earnings per share was SEK -0.84 (-0.05).
  · Cash flow from operations for the quarter amounted to SEK -6.1 (-2.6)
million.

Interim period January-September

  · Poolia's revenue amounted to SEK 596.8 (752.6) million, a decline of 20.7%
(20.2% in local currency).
  · Operating profit/loss was SEK -16.2 (2.4) million, with an operating margin
of -2.7% (0.3%). The figure includes goodwill impairment of SEK 12.8 million
attributable to outplacement operations and costs of SEK 3.7 million in
connection with former CEO’s resignation.
  · Excluding goodwill impairment, operating profit/loss was SEK -3.4 million
and the operating margin was -0.6%.
  · Profit/loss before tax was SEK -16.4 (2.4) million.
  · Profit/loss after tax was SEK -16.6 (0.7) million.
  · Earnings per share was SEK -0.97 (0.04).
  · Cash flow from operations for the period was SEK 4.9 (17.0) million.
  · The equity/assets ratio ended the period at 28.9% (36.0%), while the Group’s
equity per share was SEK 3.65 (6.13).

Other significant events

  · Poolia's subsidiary Utvecklingshuset been restructured. Notice of an
extraordinary general meeting to decide on the sale of the business to Uniflex
AB has been issued.
  · The subsidiary Talent Eye has been sold to Poolia AB's former CEO Monika
Elling on 1 July 2013 following a resolution at an extraordinary general
meeting.

From the CEO – "Focus on core business and intensive improvement work"
Poolia reported an operating profit/loss of SEK -14.1 (-0.7) million for the
third quarter of 2013. Revenue for the quarter was SEK 178.2 (217.8) million, a
decline of 18.5% in local currency.

The third quarter is normally a weak quarter in terms of earnings. Operating
profit/loss for operations that are part of Poolia's core business was SEK 1.1
million for the third quarter. Utvecklingshuset's outplacement operations had an
adverse effect of SEK 2.4 million on earnings. In addition, Poolia has written
down the carrying amount of the associated goodwill by SEK 12.8 million. Market
demand remains weak, with permanent placement revenue at low levels apart from
in Germany. Prices continue to be stable. The stronger market we saw signs of
during summer has not yet materialised.

Poolia Sweden reported an operating profit/loss of SEK -15.8 (-3.6) million for
the third quarter of 2013. The figure includes goodwill impairment of SEK 12.8
million. Revenue was SEK 127.9 (165.1) million, a decline of 23%. Demand for
temporary staffing services remains stable but at a low level. The number of
permanent placements is low compared with previous years.

The outplacement business, which is run by Utvecklingshuset, has been
restructured and the staffing level has been reduced by about one-third. The
operation will be sold to Uniflex AB pending approval at the extraordinary
general meeting.

Poolia Germany's revenue for the quarter grew by 19% in local currency, which
means that Poolia continues to gain market shares. Operating profit showed
positive growth during the quarter. Development of the offices that are not yet
showing stable profitability is continuing as planned.

At Poolia UK, the process of building up the business, mainly in Finance &
Accounting, is continuing. Development of the core business needs to continue
for some time still before the UK operations will be able to show positive
results.

Poolia Finland's operations remain stable but profitability is being squeezed by
the weak permanent placement market. Revenue is in line with the previous year,
but operating profit is slightly lower.

With Poolia now placing a clear focus on business development of temporary
staffing and permanent placement in Sweden, the management team's efforts to
create a growing and profitable core business are being intensified.

Dag Sundström
Acting Managing Director and CEO
For more information please contact:
Dag Sundström, tf VD och koncernchef, tfn: 070 511 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.

Pièces jointes

10253864.pdf