Swedish staffing firm Uniflex (UFLXB: SS) reported revenue of SEK 297 (€31.2 million) for the second quarter ending 30 June 2017, a decrease of 3.2% compared with SEK 307 million (€32.3 million) during the same quarter last year.

"In Sweden, our focus is on sales and marketing. As there is a shortage of labour, we focus on the latter especially on the candidate market," Jan Bengtsson, CEO Uniflex, said. "In Norway, we are turning profit in the quarter, and here we are focusing primarily on finding new customers who buy from us in the winter. This is because we have most customers in the oil / gas and construction sectors in Norway so far, with the greatest needs in the second and third quarters.”

That work is proceeding according to plan,” Bengtsson said. “In Finland, we continue to grow and make a profit,” Bengtsson said. "In our German company, we are not happy with the development and, in parallel with trying to turn to profit, we are looking for a buyer of that business.”

Uniflex operates in four primary geographies, with revenue during the second quarter broken down as follows:

The group also reported revenue for the first six months of the year as follows:

As of last trade Uniflex AB traded at SEK 18.00 (€1.89), down 2.70% on the day and 6.51% above its 52-week low of SEK 16.90 (€1.77), set on 18 November 2016. Based on its current share price the company has a market value of SEK 246.75 (€25.9 million).