NetJobs Q2 revenue rises 9.1%
Main article
NetJobs Group AB (NJOB:STO), a job board operator based in Stockholm, Sweden, reported on Friday that net sales fell 9.1% to SEK 5.0 million (€442,000).
On 11 June 2024 NetJobs Group announced that the company received a binding offer from Trottholmen AB amounting to SEK 12 million (€1.0 million) for the acquisition of the company’s entire business through a business transfer. The company’s operations were then handed over to Trottholmen AB on 28 June.
CEO, Niklas Eriksson said in a press release, “The board intends to continue with its strategic review of the company. This means that the board will investigate the possibility of acquiring one or more businesses, which can create value for the shareholders in the company.”
(SEK thousands) | Q2 2024 | Q2 2023 | Change | Q2 2024 (€ thousands) |
Revenue | 5,026 | 4,607 | 9.1% | 442 |
Operating profit | 15,164 | 3 889 | 289.9% | 1,336 |
Profit after tax | 13,598 | 3,827 | 255.3% | 1,198 |
EBITDA amounted to SEK 15.4 million (€1.3 million), up 285% and corresponding to an EBITDA margin of 306.1% (87.3% last year).
NetJobs also posted revenue for the six-month period of SEK 9.3 million (€819,433), down 1.0% compared to the prior year.
On Friday, NetJobs Group shares closed in Sweden at SEK 0.398 (€0.035), up 23.60% on the day and 61.79% above the 52-week low of SEK 0.246 (€0.022) set on 3 June 2024. The company has a market cap of SEK 12.90 million (€1.1 million).