COPENHAGEN: Jobindex, the Danish job board, has reported revenue for the third quarter ending 30 September 2016 of DKK 65 million (€8.7 million), an increase of 13% compared with DKK 58 million (€7.8 million) during the same quarter last year.
Operating profit before interest and tax was DKK 15 million (€2.0 million), an increase of 12% compared to DKK 14 million (€1.9 million) last year.
Jobindex ad products reached a turnover of DKK 44 million (€5.9 million) against DKK 38 million (€5.0 million) in Q3 2015, a growth of 17%. Jobindex also stated that it had experienced growth in the number of customers, including from small businesses that start advertising on Bornholm. These customers are paying higher margins, and it is the reason that the company can raise their expectations. Jobindex’s recruitment products generated DKK 6 million (€0.8 million) in Q3 2016 compared with DKK 5 million (€0.6 million) in Q3 2015.
Jobbsafari, the Swedish job board, generated DKK 2 million (€0.2 million) in Q3 2016 compared to DKK 1 million (€0.1 million) in Q3 2015, a growth of 61%. The company stated that Jobbsafari has had impressive growth in the number of users and is now one of the largest commercial job sites in Sweden. Computerworld, the company’s conference organiser, saw a turnover of DKK 5 million (0.6 million) in the third quarter compared to DKK 5.5 million (€0.7 million) in Q3 2015.
IT job bank generated DKK 4 million (€0.5 million), the same as in Q3 2015. StepStone, the leadership and careersite, generated DKK 4 million (€0.5 million), the same as in Q3 2015.
The company stated on its website: “The job market continues to grow, although the presidential election affected the job market slightly last week. Jobindex experienced an influx of customers and job advertisement revenues, including from small businesses. Jobindex upgrades based on the strong earnings expectations for an operating profit before interest and tax of around DKK 70 million (€9.4 million) for the year 2016 against the previous forecast of DKK 60 million (€8.0 million).
In trading today, Jobindex A/S traded at DKK 1,559.00 (€209), up 7.52% on the day and 31.56% above the 52 week low of 1,185.00 (€159) set on 20 November 2015. Based on its current share price the company has a market value of DKK 1.31 billion (€176 million).
