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Sweden – Veteranpoolen Q3 revenue and profits rise

21 November 2019

Veteranpoolen AB, a Swedish firm that offers household services and staffing services and claims to be Sweden's largest employer for retirees, reported revenue today of SEK 96.3 million (€9.0 million) for the third quarter ended 30 September 2019, an increase of 9.1% when compared to the previous year.

(SEK millions) Q3 2019 Q3 2018 Change Q3 2019(€ millions)
Revenue 96.3 88.3 9.1% 9.0
Operating Profit 14.8 10.6 39.6% 1.4
Profit After Tax 11.5 8.2 40.2% 1.0

The group said that its investments have led to increased revenue and profits during the period.

The company also published revenue for the first nine months of the year. Revenue amounted to SEK 262 million (€24.6 million), corresponding to growth of 12.3% compared to the previous year.

Veteranpoolen was founded in 2007 by Ingrid Erlandsson. The company specialises in employing retirees and offers staffing services for property management, office services, finance/administration, cleaning, sales & customer service, warehousing & logistics throughout Sweden.

As of last trade, Veteranpoolen traded at SEK 18.70 (€1.76), down 1.58% on the day and 11.98% above the 52 week low of SEK 16.70 (€1.57) set on 20 February 2019. The company did not publish further market cap value information.