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Sweden — SJR in Scandinavia Q1 2010 revenues up by +15%

18 May 2010

SJR in Scandinavia AB (SJRB:STO), the financial services specialist staffing group, today publishes interim results for the first quarter of 2010 ended 31 March.

Revenues were up from 3.72 million Euro in Q1 2009 to 4.27 million Euro in Q1 2010.

Operating profits were up from 104,448 Euro in Q1 2009 to 334,768 Euro in Q1 2010. The operating margin improved from 2.9% in Q1 2009 to 8.2% in Q1 2010.
The group says in a statement "our turnover has increased by +15%. We are making efforts to improve the efficiency of our operations and the effectiveness of our sales force. We are also gaining market share."

"There are currently no signs that the demand for growth will decelerate and we expect further annual growth in both turnover and operating income for Q2 2010.
In early trading SJR's shares were up by +13.73% to 29.00 Swedish Kronor.



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