Exsitec Holding AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 14, 2023
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Exsitec Holding AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 186.25 million compared to SEK 165 million a year ago. Revenue was SEK 187.79 million compared to SEK 165.81 million a year ago. Net income was SEK 17.43 million compared to SEK 11.68 million a year ago. Basic earnings per share from continuing operations was SEK 1.35 compared to SEK 0.91 a year ago. Diluted earnings per share from continuing operations was SEK 1.3 compared to SEK 0.88 a year ago.
For the six months, sales was SEK 386.8 million compared to SEK 328.67 million a year ago. Revenue was SEK 390.8 million compared to SEK 330.31 million a year ago. Net income was SEK 40.93 million compared to SEK 32.65 million a year ago. Basic earnings per share from continuing operations was SEK 3.18 compared to SEK 2.55 a year ago. Diluted earnings per share from continuing operations was SEK 3.05 compared to SEK 2.45 a year ago.
Exsitec Holding AB is a Sweden-based Information technology (IT) service management company. Exsitec are engaged in operational systems and digitization that contributes to the client companies development. The Company helps its customers get the digital support for their business to achieve a more efficient working day, superior customer experiences and smarter data analyses. The Company operations in Sweden are divided into three business areas. Within the Insight business area, the Company offers its customers the tools to conduct analyses and data processing by means of modern IT system for business intelligence, budgetary management, and planning.Within the ERP business area, customers are offered financial and logistical tools to reduce administration. In the Experience business area, the Company offers its customers tools to improve their customer experience as well as modern digital platforms relating to e-commerce, CRM, and integrations.