Poolia Interim Report 1 January – 30 September 2010

Regulatory News:

July to September Quarter

• Revenues totalled MSEK 339.3 (317.9)
• The operating profit was MSEK 8.4 (3.6)
• The profit before tax was MSEK 8.0 (3.4)
• The profit after tax was MSEK 6.1 (1.4), corresponding to SEK 0.34 (0.06) per share
• Cash flow for the quarter from operating activities was MSEK 5.3 (8.2)

January to September interim period

• Revenues totalled MSEK 982.2 (995.6)
• The operating profit was MSEK 10.4 (27.0)
• The profit before tax was MSEK 10.0 (27.9)
• The profit after tax was MSEK 6.8 (18.8), corresponding to SEK 0.37 (1.06) per share
• Cash flow for the interim period from operating activities was MSEK -5.2 (14.4)
• The shareholders’ equity/assets ratio at the end of the period was 45.1% (50.3) and the Group's equity per share was SEK 11.12 (12.71)

Significant events during the quarter

• Monika Elling new MD and CEO of Poolia
• Recruitment of a new country manager in Germnay has started
• Focus on permanent placement and Poolia Executive
• Dedicare starts Omsorg AB 1 November 2010

From the CEO

It was with tremendous pride and enthusiasm that I travelled around our Poolia offices. In Poolia there is a spirit, a desire and an energy that whets the appetite. Our strategic direction is firmly in place, with a focus on qualified, experienced professionals. We must further strengthen and communicate our quality values. We will be adding customer concepts to supplement the current range of services. The next step is an increased focus on the permanent placement business and Poolia Executive Search.

In the third quarter of 2010 we achieved an increase in revenues of 6.8% or 8.5% in local currency. We also foresee continued growth in the market. The operating profit of MSEK 8.4 for the Group (3.6) represents an increase of MSEK 4.8. The operating margin of 2.5% is increasing in relation to last year and earlier in 2010, although we are not satisfied with this and there will be an increased focus on our operating margins.

Poolia Sweden, which represents 52.9% of revenues, has grown healthily by 19%, with the operating profit increasing from MSEK 2.8 to MSEK 5.5. In Germany we can see good opportunities for growth and development of profitability. Growth in local currency is 24% for the quarter, and the negative profit figure is misrepresentative. Poolia UK almost broke even, which is our next objective, and the economy is allowing us to increase the number of employees to achieve the necessary density in our existing premises. Poolia Finland has a strong operating margin and is preparing for the next stage in its growth. Because of its size, the small business in Poolia Denmark experiences large variations in its operating profit, and broke even for the period. Dedicare, which has its high season during the summer, is achieving a good margin even without growth.

Monika Elling
MD and CEO

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 recruitment of professional staff in our focus areas of Finance & Accounting, Financial Services, Office Support, IT & Engineering, Sales and Marketing, Human Resources, and Executive. Poolia’s subsidiary Utvecklingshuset offers outsourcing services on the Swedish market and Dedicare, another subsidiary, offers staffing in the health sector in Sweden and Norway. Poolia is listed on the NASDAQ OMX Stockholm AB since 1999.

This information was brought to you by Cision http://www.cisionwire.com