INTERIM REPORT 1 JANUARY – 31 MARCH 2014


Continuing focus on sales and profitability improvement
Quarterly period January-March

Reported revenue, earnings, cash flow and financial ratios relate to continuing
operations and do not include Utvecklingshuset and the UK.

  · Poolia’s revenue amounted to SEK 181.6 (194.2) million, a decline of 6.5%
(7.4% in local currency).
  · Operating profit was SEK 4.0 (4.3) million, with an operating margin of 2.2%
(2.2%).
  · Profit before tax was SEK 3.9 (4.3) million.
  · Profit after tax was SEK 2.7 (3.3) million.
  · Earnings per share amounted to SEK 0.16 (0.19).
  · Cash flow from operations for the quarter was SEK 7.7 (5.7) million.
  · The equity/assets ratio ended the period at 32.0% (31.4%), and the Group’s
equity per share was SEK 3.89 (4.69).

Other significant events

  · Morten Werner took over as the new Managing Director and CEO on 1 February
2014.
  · The UK operations were divested on 28 February 2014 with a capital gain of
SEK 4.7 million.
  · Profit/loss for the period from discontinued operations was SEK -1.6 (-1.0)
million.

From the CEO – “Continuing focus on sales and profitability improvement”
Poolia revenue for continuing operations declined by SEK 12.6 million (6.5%) to
SEK 181.6 million compared with the first quarter of 2013. Operating profit was
SEK 4.0 (4.3) million for the same period.

Operations in Sweden, which account for 74% of revenue, show an unsatisfying
order influx and profitability and are in focus for continued measures. Both
Germany and Finland are generally progressing very well. All segments show
positive earnings.

We are continuing the savings programme in Sweden in order to align overhead
costs with the lower volume. At the same time, there is an intensive focus on
sales.

According to Statistics Sweden, GDP rose by 3.1% between fourth quarter 2012 and
fourth quarter 2013. GDP is expected to increase by 2.5% in 2014. In spite of
this, Poolia experiences that the demand is weak, however, with an unchanged
price situation.

Demand for temporary staffing services is still at a low level. We are working
to adapt supply to demand. The number of permanent placements showed a slightly
rising trend towards the end of the reporting period.

Poolia Germany’s revenue grew by 32% in local currency during the quarter. That
means that Poolia continues to gain market shares locally. At the end of March,
the number of resource temps exceeded 300. The operating margin also continues
to show positive growth and is at 9.4% for the period.

Poolia Finland has also had a strong quarter, showing revenue growth of 20% in
local currency. At the end of the quarter the number of resource temps exceeded
100. The operating margin amounted to 3.9%.

Overall, and particularly in Sweden, Poolia is still in a phase where measures
are needed to return to an acceptable level of profitability. Profitability is
our first priority.

Morten Werner
Managing Director and CEO
Contact person:
Morten Werner, MD and CEO, tel: +46 70 636 25 25
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, Life Science & Engineering, Sales and Marketing,
Human Resources, Legal, and Executive Search. Poolia has business in Sweden,
Finland and Germany. Poolia is listed on the NASDAQ OMX Stockholm AB since 1999.

Attachments

05077717.pdf