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Denmark – Jobindex upgrades results forecast

08 January 2014

Scandinavian online job board Jobindex A/S (JOBNX: CPH) has upgraded its 2013 results forecast following increased activity within the labour market during November and December.

The company had previously predicted that it would achieve revenue of DKK 130 million (€17.4 million); however, they now expect to report revenue of between DKK 133 million (€17.8 million) and DKK 135 million (€18.1 million).

The company’s earnings before interest and tax had been forecast to reach DKK 20 million (€2.7 million) during 2013, but have been revised upward and are now expected to be between DKK 23 million (€3.1 million) and DKK 25 million (€3.4 million).

In their most recent financial statement, Jobindex reported a +26% increase in net sales during Q3 2013, compared with the previous year. The company’s improved performance can be attributed to the acquisition of Computerworld and IDG Denmark, which have helped diversify the company.   

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