ProAct IT Group AB announced preliminary earnings results for the year 2011. For the year, the company reported net turnover of SEK 2,230 million which is an increase of 61% compared to the same period the preceding year. Profit before tax was SEK 41.9 million which is equal to a profit margin of 1.9%. Profit was affected by acquisition expenses of SEK 12.7 million, write offs according to plan of SEK 18.9 million and interest rate costs attributable to the acquired companies of SEK 12.0 million. During the period EBITDA was SEK 121.6 million compared to SEK 94.9 million in 2010. Before the acquisitions, the company had a pretax profit margin of 5% but the acquired companies had a lower profit margin. Parts of the integration work have taken longer time than expected, which means that profits before tax and pretax profit margin for the full year 2011 will be lower than 2010. The company made the forecast that it will take more time to realize the synergies and thereby, during the last half of 2012, achieve the same efficiency level and profit margin as before the acquisitions were made.