Proactis Reports Growth Despite Covid-19 Headwinds Yorkshire News

Software company Proactis, whose clients include Grant Thornton, Marshalls, Air France, Chelsea FC and Savills, has reported an increase in business despite the impact of Covid-19 on trade.

Proactis creates, sells and maintains specialized software
Proactis creates, sells and maintains specialized software

The Wetherby-based firm said the total value of its contract, excluding renewals, was £ 6.7 million in the six months to January 31, which was delivered against a backdrop of challenging headwinds. coronavirus.

Tim Sykes, CEO of Proactis, said: “It is encouraging to see the progression of the group in recent periods.

Register to our daily newsletter

The newsletter i cut the noise

“Turnover has stabilized and shown to be back to normal. Also, excluding the impact of higher risk accounts (which is now only small at £ 0.7m) and despite the impact of Covid-19 in the entry of new business, we continue to grow the business again. “

He said the firm is doing well in France, Germany and North America and the momentum for new business is picking up.

“We have also come a long way in addressing some of the inefficiencies in our operating expenses and this has improved our margins,” he added.

“We look forward to continued execution of our growth strategy and exploring ways to create shareholder value as we work toward our ambition to build a leading international business expense management company.”

FinnCap analyst Andrew Darley said: “Proactis is a top technology choice for 2021 and we selected it based on the growth opportunity in the second half of 2021.

“History has not changed and we reiterate our price target of 80 pence.”

More about this article: Read More
This notice was published: 2021-04-29 07:00:16