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View All NewsSweden – Netjobs Q4 revenue up 10%
Swedish job board NetJobs (NJOB: STO) reported revenue of SEK 12.1 million (€1.2 million) for the fourth quarter ending 31 December 2016, up 6% from SEK 11.4 million (€1.2 million) achieved during the same period last year.
| (SEK millions) | Q4 2016 | Q4 2015 | Change | Q4 2016 EUR |
| Revenue | 12.1 | 11.4 | 6% | 1.2 |
| Operating Profit | 0.7 | 1.2 | -43% | 0.07 |
| Profit After Tax | 0.3 | 0.8 | 59% | 0.03 |
On an annual basis, the company achieved revenue growth of 1.5% to SEK 41.4 million (€ million), up from SEK 40.8 million (€3.8 million) a year ago.
| (SEK millions) | FY 2016 | FY 2015 | Change | FY 2016 EUR (millions) |
| Revenue | 41.4 | 40.8 | 1.5% | 4.3 |
| Operating Profit | 0.0 | 3.5 | N/A | 0 |
| Profit After Tax | 0.0 | 2.6 | N/A | 0 |
During the fourth quarter of 2016, NetJobs acquired NetJobs acquired an 18.6% stake in Onrec AB and now owns 100% of the shares and votes.
“Operations in Germany decreased by 10% compared to the same period last year,” NetJobs CEO Johan Hultgren, said. “It is disappointing that we are decreasing in Germany. In the Swedish market, we increased by 18% against the same period. Besides a clear focus on growth forward, we must ensure profitable growth.”
“Efforts to launch our new platform continues,” Hultgren said. “I will return with the launch and branding strategy during the year. This is something that we look forward with excitement and that will mean an incredible boost to our customers and users. Furthermore, it will make us more flexible to implement new products that will strengthen our offering and long-term work with our customers.
“During the year we continued to build value in Techjobs.com in the form of organic traffic,” Hultgren said. “During 2017 we will continue working to increase the proportion of recurring revenues and broaden our offering and strengthen our customer relationships. Efforts to get closer to the customer and to offer better solutions has begun and there I will return to later.
“To be able to step forward, we have started a project which aims to clarify our mission, goals and strategy. An extremely important work that will support these, give direction and be an important part of reaching our goals,” Hultgren said. “We will work towards our long-term financial targets are to increase earnings per share by at least 20% per annum and to reach an operating margin of 35%
As of last trade, NetJobs Group AB traded at SEK 1.39 (EUR 0.15), down 0.71% on the day and 14.88% above the 52 week low of SEK 1.21 (EUR 0.13) set on 28 June 2016. Based on its current share price the company has a market value of SEK 29.05 million (EUR 3.0 million).