Poolia Interim Report 1 January

Quarterly period July-September

  · Revenue amounted to SEK 183.6 (177.7) million, an increase of 3.3%.
  · Operating profit amounted to SEK 5.9 (4.2) million, with an operating margin
of 3.2% (2.4%).
  · Profit before tax was SEK 4.8 (6.6) million.
  · Profit after tax was SEK 3.7 (4.5) million.
  · Earnings per share amounted to SEK 0.21 (0.26).
  · Cash flow from operations for the quarter improved to SEK -0.2 (-0.9)
million.
  · Poolia Sweden reported restructuring costs of SEK 1.7 (0.2) million during
the quarter.

Discontinued operations

  · Poolia’s UK operations were divested on 28 February 2014. The only costs
remaining in the companies are administrative expenses and a tax provision for
the gain on the sale of the operations in 2014.
  · Profit/loss from discontinued operations was SEK -0.2 (0.0) million in the
third quarter and SEK -1.6 (0.0) million in the period January-September.
  · Cash flow from discontinued operations in the period January-September was
SEK -0.3 (0.0) million.

Interim period January-September

  · Revenue amounted to SEK 585.8 (546.9) million, an increase of 7.1%.
  · Operating profit amounted to SEK 14.2 (9.1) million, with an operating
margin of 2.4% (1.7%).
  · Profit before tax was SEK 11.7 (11.4) million.
  · Profit after tax was SEK 8.1 (7.8) million.
  · Earnings per share amounted to SEK 0.47 (0.46).
  · Cash flow from operations for the period was SEK -10.1 (-0.6) million.
  · Poolia Sweden reported restructuring costs of SEK 5.6 (5.0) million during
the period.
  · The equity/assets ratio ended the period at 31.0% (29.6%), and the Group’s
equity per share was SEK 4.41 (4.05).
From the CEO – Positive development continues

Poolia has delivered its best operating profit for the third quarter since 2010.
The operating profit of SEK 5.9 million represents an increase of 40% compared
with the same quarter in 2015. The operating margin has improved by 33%.

Growth in the quarter was positive but is not yet entirely satisfactory. The
third quarter is normally the industry’s and Poolia’s weakest due to a high and
unpredictable take-up of holiday leave in both Finland and Sweden. Holiday leave
is more evenly distributed over the year in Germany.

During the first three quarters of the year, Poolia’s revenue increased by 7.1%
and operating profit by 56% compared with 2015. We are achieving this
improvement even though we are still in our restructuring programme, which
started just under three years ago. The programme is expected to be completed in
2017.

The economies of Germany and Sweden continue to grow and are characterised by an
economic upturn. We can see this from the fact that our clients are increasingly
employing our temps, which in itself is a quality rating, but is not good for
our growth. In addition, we are experiencing a shortage of candidates, meaning
that we need to spend considerably more resources on recruitment of temps. We
see some signs that the economy is recovering in Finland.

Poolia’s positive development continues. We are continuously reviewing our
strategies and developing our organisation, making us better equipped to face
increasingly strong competition and to create profitable growth.

Poolia's long-term goals and strategies stand firm.


Morten Werner
Managing Director and CEO
Contact person:
Morten Werner, MD and CEO, tel: 46 70 636 25 25, 46 8 555 650 60
This is information that Poolia AB (publ) is obliged to make public pursuant to
the EU Market Abuse Regulation and the Securities Markets Act. The information
was submitted for publication through the contact person above at 14.50 CET on
28 Ocober 2016. The Swedish version was published 27 October 2016 at 07.00.

Poolia’s business concept is to provide companies and organisations with the
skills that meet their  temporary or permanent 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.
Poolia Interim Report 1 January – 30 September 2016

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