Shares & Funds MSC, full-year report 2009 (interim report Q4)
February 13th, 2010
Net sales in the MSC Consult amounted to 41.4 (50.9) million during calendar year 2009. Profit after tax amounted to 1.8 (-2.2) million and earnings per share were SEK 0.44 (-0.54) SEK during the year 2009th
Jan
-
uari - December 2009
• Net sales amounted to 41.4 (50.9) million
• Operating profit amounted to 1.1 (-1.6) million
• Profit after tax amounted to 1.8 (-2.2) million
• Earnings per share amounted to SEK 0.44 (-0.54) SEK
Oktober - December 2009
• Net sales amounted to 9.6 (12.4) million
• Operating profit amounted to SEK -0.7 (-1.0) m.
• Profit after tax amounted to SEK -0.4 (-1.2) m.
• Earnings per share amounted to SEK -0.11 (-0.30) SEK
over growth. This meant, among other cost savings in terms of reduction of personnel and an end to recruitment. Despite weak demand MSC had a good coating of its consultants and related profitability in the first three quarters of the year. It was disturbing that a number of redundancies in the second half which led to decreased revenues and thus a worse performance in the fourth quarter. Recruitment is now in full swing but it will take a few quarters before we have compensated for the consultants have left.
Demand during the year evolved from weak to growing as has been evident in the fourth quarter. The greatest demand has come from banking and financial sector in terms of testing and test management, project management and development services.
In 2010, the MSC to invest in recruitment to ensure the delivery capacity as is necessary to meet the increasing demand we now see. Overall, this means that the prospects for growth and profitability in 2010 is uncertain.
Tags: development, financial, the increasing, to invest