Poolia sees 17% YoY revenue increase
Sweden-based Poolia has announced its results for the year ended 31st December 2015.
Poolia's revenue for continuing operations for the fourth quarter amounted to SEK 210.2m, an increase of SEK 31.0m (17.3%) compared with the same quarter in 2014. Operating profit for the same period was SEK 6.9m (1.0m).
The Swedish business was responsible for 72% of the Group's revenue in the fourth quarter. Sweden increased its revenue by SEK 24.1m to SEK 150.2m. Operating profit for Poolia Sweden during the quarter was SEK 1.4m (-2.2m).
Revenue for Poolia's German operations increased by 18.1% to SEK 7.3m during the fourth quarter. The operating margin improved to 11.6% (7.2%) during the period.
Revenue for Poolia’s Finnish operations showed a decline of 3.0% to SEK 0.4m during the quarter, which meant the operating margin fell to 0.0% (2.3%).
The company’s reported revenue, earnings, cash flow and financial ratios relate to continuing operations, and do not include Poolia UK.