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Swedens Number Two

Swedens Number Two

Sweden-based staffing firm Proffice AB reports that its full-year 2008 revenue rose 12.5% to 339 million and its full-year profit fell 27.6% to 2.19 million. The company said revenue rose by 20% in Sweden and 9.6% in Norway. However, revenue fell 15% in Denmark and 20% in Finland.

Lars Kry, CEO, said, During 2008, Proffice strengthened the market position. Proffice is the second largest staffing company in Sweden. During the fourth quarter the market declined by 4%, while Proffice increased by 13%. Stronger sales activities, continued specialization and extensive efforts to improve efficiency have contributed to an improved profit. The specialist companies now stand for 25% of the total turnover but 40% of the profit. The year-end result is the best in the history of Proffice.

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