Interim Report for January 1 - June 30, 2007

Interim Report for January 1 - June 30, 2007

Continued profitable growth - increased investment in Germany and the UK

During the second quarter, the Poolia Group's revenues amounted to SEK 326.8 M,
which is 13% higher than the corresponding period in 2006. For the first six
months of the year, total revenues increased by 15% to SEK 669.2 M. The largest
relative growth was within Poolia Germany and the health company Dedicare, while
Swedish operations grew most in absolute terms

The Group's operating profit for the quarter was SEK 16.1 M and during the
January - June period totalled SEK 37.5 M. This means that revenues are
unchanged compared with the year-earlier period. However, the figures for 2006
included the reversal of reserves from the discontinuation of former non-core
businesses in Germany. The German operations have been able to cover their share
of expenses for extensive investments in new establishments, while profitability
in the UK remains unsatisfactory. Operating margin for the Group for the quarter
was 4.9% and for the January - June period 5.6%. 

During the quarter, the Group's largest unit, Poolia Sweden, grew 19% to SEK
190.1 M. All regions and professional areas showed healthy growth, with the
strongest growth in regions outside Stockholm. Profitability remains favourable
within all areas and operating profit for the second quarter amounted to SEK
18.9 M, corresponding to a margin of 9.9%. 

In the other Nordic countries, Finland and Denmark, sales during the quarter
amounted to SEK 9.4 M, which is lower than the year-earlier period. The largest
part of this decrease is attributable to the fact that Poolia's former
operations in Norway, which was discontinued during 2006, is included in the
figures for the second quarter. Profitability for the other Nordic countries for
the second quarter was 2.1%. During the period, José Majanen was appointed new
manager of Poolia Finland.

In Germany, sales rose by 60% to SEK 17 M. If the former non-core business,
which is no longer part of the company, is excluded, growth for the quarter was
89%. Growth was reported in all regions, with the strongest trend in Munich.
Operating profit was SEK 1.7 M, including costs for two newly established
offices, corresponding to a margin of 10.0%. This means that the core business
in Germany has grown strongly since the restructuring at the beginning of 2006,
and has shown favourable profitability for two consecutive quarters.

During the quarter, Poolia UK had sales of SEK 72.2 M, which is lower than the
year-earlier period. Here, we have chosen to discontinue a number of assignments
in the banking sector, where the increasing utilisation of subcontractors
resulted in a considerable pressure on prices. In the UK, we have five newly
established offices, and costs for this investment contributed to an operating
loss for the quarter. The operation at the largest office in London/Holborn
generates profit but does not fully cover the costs for new establishments. A
measures program to increase profitability in the UK is under implementation.

The operation within Dedicare (formerly Poolia Healthcare) developed favourably,
with the strongest growth in Sweden, and during the quarter, sales increased by
53% to SEK 38.1 M. Operating margin was 6.8%.



For further information, please contact:
Erik Strand, Managing Director and Chief Executive Officer (Tel: +46-8-555 650
60)
Mats Påhlson, Chief Financial Officer (Tel: +46-8-555 650 20)

Poolia's success is based on constantly striving for premium quality. We
specialise in temporary staffing and permanent recruitment within our focus
areas of finance/accounting, administration, IT and healthcare. Poolia was
founded in 1989 and is active in six countries.