Swedish job board NetJobs (NJOB: STO) reported revenue for the third quarter ending 30 September 2019 of SEK 5.6 million (€0.5 million), a decrease of 30% compared with the same period last year.

“The summer months, which are normally a modest period of holiday time, had its effect on the results, but the final stage of the quarter developed strongly,” CEO, Jonas Bertilsson said. Bertilsson added that the company saw positive operating profit in September.

Furthermore, Bertilsson said that the efficiency measures that were initiated last year continued during the third quarter.

Earlier this year NetJobs announced that the Board of Directors appointed Niklas Eriksson as new CEO. Eriksson is set to take office no later than 1 January 2020 and replace acting CEO Jonas Henriksson.

The group also announced earlier this year that CFO Anna Björfell stepped down from her role.

During the quarter Lukas Bacic was appointed new Vice President and Sales Director.

Revenue during the nine-month period decreased by 23% to SEK 19.4 million (€1.8 million).

NetJobs last traded on 6 November 2019 at SEK 0.36 (€0.03), down 2.7% on the day. Based on its current share price the company has a market value of SEK 9.23 million (€0.8 million).