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View All NewsSweden – NetJobs first quarter revenue up 5% while loss narrows
Swedish job board NetJobs (NJOB: STO) reported revenue for the first quarter ending 31 March 2019 of SEK 8.2 million (€0.7 million), an increase of 5% compared with the same period last year.
| (SEK millions) | Q4 2018 | Q4 2017 | Change | Q4 2018 (€ millions) |
| Revenue | 8.2 | 7.9 | 5% | 0.7 |
| Operating Profit | -0.7 | -2.0 | N/A | -0.1 |
| Operating Margin | -8.1 | -26.0 | N/A | -0.7 |
| Profit After Tax | -0.6 | -2.1 | N/A | -0.1 |
In March 2019, Georg Tsaros, announced that he had resigned as CEO. NetJobs’ Board then appointed Johan Henriksson as acting CEO. He will remain as acting CEO until a permanent replacement is found.
Revenue by segment
| (SEK millions) | Q1 2019 | Q1 2018 | Change | Q1 2019 (€ millions) |
| Sweden | 6.2 | 5.5 | 12% | 0.5 |
| Germany | 1.9 | 2.2 | -13% | 0.1 |
| Other | 0.0 | 0.1 | -20% | 0.0 |
“We have consistently reviewed the company's cost structure and are constantly working to reduce costs at the same time we work with structured sales and the sales organization to increase sales and create more long-term relationships with our customers, higher average order value and recurring revenue,” Henriksson said.
The company last traded on 10 May 2019, according to Bloomberg, shares closed at SEK 0.43 (€0.04), down 2.27% on the day. Based on this share price the company has a market value of SEK 11.21 million (€1.04 million).