NGS Q3 report
Ingrid Nordlund, CEO, stated, “During the third quarter we continue to meet our goal of profitable growth. All business has developed positively during the quarter and we achieved an organic growth of 28%. With Nurse Partner included growing the new group with the 136 per cent compared to the same quarter in 2012.
“(We have an) operating profit land of 9.6 million, which we are happy with and (an) operating profit country of 9.6 million. During the third quarter (we) made up the majority of our sales of healthcare staffing - a sector with high demand during the summer and thus competition for labour - with high wages as a consequence. We are therefore pleased that we are able to achieve an operating margin of 8.3% this quarter.
“Nurse Partner has continued to expand in Norway and reached high volumes, primarily during July, but even during the month of August. Demand for staffing services in health care is highest in Norway during the summer and we therefore expect lower volumes in the fourth quarter.
“The development of a business school continues the positive trend from the previous quarter. With relatively small volumes due to the summer break, we have had a strong start in the autumn semester , reaching a growth of 30% compared with the same period last year.
“During the quarter, we put great focus on integrating the old and the new parts of NGS with each other and are already seeing the effects of synergies with spring acquisitions. We have also partially restructured operations and appointed new managers in the organization. With the growth from the third quarter and the new organization in the back, we see good opportunities to continue to improve in the coming quarters.