Proact stumbles in Q2 as Spanish sale racks up costs

Storage integrator Proact claims market conditions remain positive despite posting steep declines in revenues and profits in Q2. For the three months until 30 June, revenues fell by seven per cent to SEK 806m (€76.31m), while profits before tax suffered an even steeper decline, falling by more than 50 per cent year on year to SEK 22.3m. Proact said it spent SEK 9.1m on the sale of its Spanish subsidiary in June. But even factoring in one-off costs, the firm's profits were still 33 per c...