Sweden Wise Group Q1 revenue rises, but swings to loss due to restructuring and expansion costs – Staffing Industry Analysts

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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)
Revenue 244.1 227.5 7.3% 22.7
EBITDA 4.6 13.8 66.6% 0.4
Operating Profit -4.8 10.5 N/A -0.4
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…

Read the full article at: https://www2.staffingindustry.com/eng/Editorial/Daily-News/Sweden-Wise-Group-Q1-revenue-rises-but-swings-to-loss-due-to-restructuring-and-expansion-costs-49969

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