Poolia continues to grow profitably

Poolia continues to grow profitably

During the third quarter, the Poolia Group reported revenues of SEK 328.6 M, an
increase of 9% compared with the year-earlier period. For the nine month period,
total revenues increased by 12% to SEK 988.7 M. As in the preceding quarter, the
largest relative growth occurred within Poolia Germany and the health company
Dedicare.

The operating margin for the quarter was 5.9%, which is slightly lower than in
the year-earlier period. However, this quarter too was affected by the reversal
of reserves from the discontinuation within the German operations in 2006.  For
the nine month period, the total operating margin was 5.8% and the highest
margins were again reported by Poolia Sweden, Poolia Germany and Dedicare.
Group-wide expenses increased compared with the year-earlier period, as a result
of the increase in central expenses required to support the operations outside
Sweden and the recent change of CEO. Johan Eriksson took office as Poolia's
Managing Director and CEO on October 1.
During the quarter, Poolia Sweden grew 7% to SEK 173.5 M. This decrease in the
growth rate in comparison with the first half of the year was primarily due to
lower revenues from the operations in Stockholm and the Eastern Region. We are
now taking measures to increase sales power throughout the Swedish organization
and to stabilize personnel turnover within the IT operations in Stockholm.
Profitability remained favourable during the quarter and the operating margin
was 9.2%.

In the Other Nordic countries (Finland and Denmark), sales during the quarter
amounted to SEK 8.4 M, which is lower than in the year-earlier period. However,
this was partly due to the fact that Poolia's operations in Norway at the time,
which were discontinued later in 2006, were included in the figures for the
third quarter. The candidate situation remained difficult in Denmark, which had
a negative effect on the temporary staffing operations, while permanent
recruitment reported growth. The operating margin for the other Nordic countries
during the period was negative.

Poolia Germany continued its positive trend and grew 113% during the period to
SEK 19.8 M. Comparable units grew 118% and all districts, including newly
established and mature operations, reported increased revenues during the
quarter. The positive trend also continued for profitability and the operating
margin for the quarter was 10.6%.

In the UK, revenues amounted to SEK 73.7 M for the quarter, which is lower than
in the corresponding period in the preceding year. The operating margin for the
quarter was 0.0%. Within the banking sector, the process aimed at reducing the
proportion of subcontractor contracts that are subject to price pressure also
continued this quarter. The previously advertised savings programme, comprising
SEK 5 M on a yearly basis, was implemented and all related expenses were
reported during the third quarter.

Dedicare (formerly Poolia Healthcare) continued to perform favourably within the
Doctor and Nurse operations and increased revenues by 74% during the quarter to
SEK 53.2 M. The operating margin was 9.6%, which is the highest quarterly figure
ever reported by the healthcare operation.


For further information, please contact: 
Johan Eriksson, 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 continuous effort to achieve the highest quality.
We specialize in temporary staffing and permanent placement of professional
staff in our focus areas of accounting, administration, IT and healthcare.
Poolia has existed since 1989, is active in six countries and its shares are
listed on the Stockholm Stock Exchange.