Provide IT (PROVIT) Q1 24/25 earnings summary

Executive summary

• Net sales for Q1 2024/2025 (April–June) reached 7,622 TSEK, with a net loss of 180 TSEK, impacted by 150 TSEK in one-time personnel costs.

• Revenue declined compared to both the previous quarter and the same period last year, mainly due to lower utilization in Consulting and fewer working days.

• Market conditions were weak due to the economic downturn, but utilization has improved post-quarter.

Financial highlights

• Total revenue: 7,622 TSEK (down from 7,265 TSEK year-over-year).

• Operating result after depreciation: -222 TSEK (11 TSEK same quarter last year).

• Net result after tax: -180 TSEK (22 TSEK same quarter last year).

• EPS: -0.027 SEK (0.003 SEK same quarter last year).

• One-time personnel costs: 150 TSEK in Q1 2024, 100 TSEK in Q1 2023.

Outlook and guidance

• Cost reductions implemented are expected to reach full effect by September.

• The company maintains its forecast, assuming continued improvement in utilization.