Sweden Wise Group Q1 revenue rises, but swings to loss due to restructuring and expansion costs – Staffing Industry Analysts
16 May 2019
Wise Group (WISE:SS), the Swedish staffing firm reported revenue yesterday for the first quarter ending 31 March 2019 of SEK 244.1 million (22.7 million), an increase of 7.3% compared with the same quarter last year.
|(SEK millions)||Q1 2019||Q1 2018||Change||Q1 2019 ( millions)|
|Profit for the Period||-4.3||8.0||N/A||-0.4|
The first quarter results were hit with non-recurring costs of SEK 6.0 million (0.5 million) relating to the restructuring of subsidiary Edge HR AB a…