Improving results from Swedish NetJobs Group despite net income losses and re-organisation (job cuts), shutdown of Norwegian offices and discontinuation of Finnish businesses. Revenue down yoy in Germany. But shares went up.
They will put a lot of effort into Techjobs, which seems to be their chosen flagship. We’ll see.
More at Staffing Industry Analysts:
Swedish job board NetJobs (NJOB: STO) reported revenue of SEK 11.4 million (€1.2 million) for the fourth quarter ending 31 December 2014, an increase of 31% from SEK 8.7 million (€910,910) during the same period last year.
On an annual basis, the company achieved revenue growth of 4% to SEK 36.5 million (€3.8 million), up from SEK 35 million (€3.7 million) a year ago.
NetJobs announced in its third quarter results for 2014 that the company was closing its operations in Norway and Finland. The company advised that moving forward it would focus on three core markets: Sweden, Germany, and the USA.
Niklas Eriksson, CEO of NetJobs, commented: “Net sales increased during the quarter by 31% to SEK 11.4 million (€1.2 million). Earnings per share rose 13% to SEK 0.11 (€0.01).
It is gratifying that in Sweden sales increased by 72% compared with the same period last year. Overall, we are showing strong growth and an improved operating profit, combined with better cash flow in the quarter.”