Danish job board Jobindex A/S (JOBNDX: CPH) reported net sales for the fourth quarter of DKK 81.2 million (€10.8 million), an increase of 5.5% compared with the same quarter in the previous year.

Jobindex’s advertising products reached a turnover of DKK 53 million (€7.1 million) in Q4 2018, an increase of 3.9% compared to Q4 2017. In Q4 2017, Jobindex launched a major TV campaign on workplace evaluation, and said it is continuing this year with new TV spots focusing on job satisfaction.

Jobindex recruitment products had a turnover of DKK 9 million (1.2 million) in Q4 2018, compared to DKK 7 million (€0.9 million) the previous year.

Jobbsafari turnover stood at DKK 3 million (€0.4 million) in Q4 2018, steady compared to Q4 2017.

Computerworld had a turnover of DKK 8 million (€1.0 million) in Q4 2018, up from DKK 7 million (€0.9 million) in Q4 2017. 

IT job bank had a turnover of DKK 4.8 million (€0.6 million) in Q4 2018, down 5.8% from the previous year.

StepStone had a turnover of DKK 3.6 million (€0.4 million), down slightly from DKK 3.8 million (€0.5 million) during the prior year.

Jobindex also published its full year results for 2018, reporting net sales of DKK 317 million (€42.4 million), an increase of 5.6% compared to 2017. The group added that its full year revenue was fully in line with its expectations of DKK 320 (€42.8 million) and DKK 90 million (€12.0 million), respectively.

“The job market has started in 2019 with a slight decline (due to uncertainty), but we expect it to be temporary and that the job market will grow during the year,” Jobindex stated. “For 2019, net sales are expected to be around DKK 350 million (€46.9 million) with profit before interest and tax in the region of DKK 100 million (€13.4 million).”

The group also said it expects the job advertisement market in 2019 to grow by approximately 10% to approximately DKK 420 million (€56.2 million) along with a market share of 65%, up from 57% this year.

“Google is entering the job advertising market and we now expect them to come to Denmark by 2020,” Jobindex stated. “We are therefore in the process of upgrading both the development department and our marketing so that we are ready and can offer roughly the same features as Google Jobs can when they come to Denmark.”

In trading today Jobindex set a new 52-week low during today's trading session when it reached 995.00 (€133.35). Over this period, the share price is down -40.77%. Trading was down 6.13% on the day. Based on its current share price the company has a market value of DKK 954.0 million (€127.8 million).