Interim Report for the period January 1, 2001 - September 30, 2001

11/7/2001 5:54 AM EST

POOLIA AB (publ)



· Sales during the period rose 24.6% to SEK 812.3 M (first nine
months of 2000: 652.2).
· Pretax profit amounted to SEK 29.0 M (52.5) and operating
profit to SEK 16.2 M (51.4).
· Earnings per share amounted to SEK 0.67 (1.84).
· Operations have been started up in Frankfurt and Berlin.


Sales
Sales rose 24.6% during the period to SEK 812.3 M (652.2), of which
operations outside Sweden accounted for SEK 101.6 M (0). Sales deriving
from acquired companies totaled SEK 128.7 M. Excluding acquired
operations, the sales increase was 4.8%.
Sales were distributed as follows by service area:

Jan - Sep Jan - Sep Change % share % share
SEK M 2001 2000 % 2001 2000
Temporary Staffing 755.6 599.2 26.1 93 92
Recruitment 47.6 45.1 5.5 6 7
Outsourcing 9.1 7.9 15.2 1 1
Total 812.3 652.2 24.6% 100 100


Earnings
Pretax profit during the period amounted to SEK 29.0 M (52.5). Operating
profit totaled SEK 16.2 M (51.4). Earnings during the period were
charged with costs of approximately SEK 8.5 M for the establishment and
acquisition of operations outside Sweden.

The companies acquired during the period - A&Z (Arbeit & Zeit Renate
Sandow GmbH) and CSI Competence Sköterskejouren International AB - are
included in earnings as of January 1, 2001.

The Group's financial net for the period amounted to income of SEK 12.8
M (1.1).

Third quarter
Sales during the third quarter amounted to SEK 233.4 M (233.4). Pretax
profit during the third quarter amounted to SEK 5.6 M (19.0) and
operating profit totaled SEK 1.4 M (18.6).
Due to decreased demand, particularly in the Office and Industry
segments, the number of employees was reduced by 407 during the third
quarter. The number of employees was adjusted in stages during the
quarter. The number of Swedish locations served by the company was
reduced slightly during the quarter and now amounts to 25.

The segments Healthcare and Teaching have continued growth.

New local offices have been opened in Frankfurt and Berlin.

Liquidity and financing
On September 30, 2001, the Group's liquid assets amounted to SEK 428.6 M
(67.4). Cash flow from operations during the period was negative in an
amount of SEK 10.1 M (positive: 31.7). The equity/assets ratio was 78%
(51).

Investments
The Group's investments in fixed assets during the period amounted to
SEK 55.8 M (25.6), of which goodwill accounted for SEK 51.7 M.

Employees
The average number of employees during January - September was 2,631
(1,936). The total number of employees on September 30, 2001 was 2,659
(2,869).

Parent Company
The Parent Company engages in general corporate management, development
and financial management activities. Sales during the period amounted to
SEK 3.7 M (2.9) and pretax profit to SEK 12.5 M (0.5).

Market
According to SPUR (the Swedish Association of Temporary Work Businesses
Staffing Services), sales in the Swedish staffing services sector
totaled SEK 4,677 M billion during the first half of 2001. Poolia's
market share during the first half of 2001 was 11% (10).