Nordics SI giant Proact sees cloud services growth bolster EBITDA in Q4

Nima Green
clock • 1 min read

The Nordics systems integrator has logged a sharp hike in EBITDA growth while revenues have dipped slightly

Swedish systems integrator powerhouse Proact has seen its EBITDA rise 36 per cent in Q4, helped by growth in the group's cloud services business. Adjusted EBITA came in at SEK 66.4m (€6.58m) for the quarter ending December 2020. New contracts relating to cloud services worth SEK 142m (€14.07m) were signed in its Q4; up 46 per cent year on year. In a presentation with analysts, CEO Jonas Hasselberg pointed to the company's December launh of a new version its own hybrid cloud service a...

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