Ework

The performance in Ework’s markets remained mixed in the first quarter, with Sweden’s and Norway’s being weak while other markets experienced a positive trend. Net sales decreased 17 percent to SEK 3,511 M (4,225), with 8 percentage points of the decrease being attributable to the phase-out of unprofitable client contracts.

Operating profit decreased to SEK 34.3 M (44.7), which is attributable primarily to lower business volumes. Furthermore, sharp fluctuations in exchange rates impacted profit after financial items, which totaled SEK 21.4 M (45.7). Here, we have been working proactively for some time to reduce our currency exposure. Among the positive aspects were the gross margin as well as the contract margin in order intake, which remained higher than in the comparison quarter.

First quarter 2025 compared to first quarter 2024

• Net sales decreased 16.9 percent to SEK 3,511 M (4,225).
• The gross margin increased to 4.1 percent (3.8).
• EBIT decreased 23.3 percent to SEK 34.3 M (44.7).
• The operating margin (EBIT) was 98 bps (106).
• The operating margin (EBIT) in relation to gross profit was 24 percent (28).
• Profit after financial items decreased 53.2 percent to SEK 21.4 M (45.7).
• Order intake fell 6.3 percent to SEK 4,203 M (4,483).
• The number of professionals on assignment averaged 10,850 (12,290).
• Earnings after tax and per share after dilution amounted to SEK 0.98 (2.11), a decrease of 53.7 percent.

The complete report is available via link below or at www.eworkgroup.com.

Today, 14th May, at 1 pm CEST, CEO Karin Schreil and CFO Johanna Eriksson will present the company’s interim report for the first quarter 2025. Webcast: Presentation Q1, 2025

For more information, please contact:
Johanna Eriksson, CFO, Ework Group
Tel: +46 70-366 76 46, email: investorrelations@eworkgroup.com

The information in this Interim Report is mandatory for publication by Ework Group AB (publ) in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public between 9:30 and 10:00 (CEST) on 14 May 2025, under the authority of the CEO.

About Ework Group
Ework Group is a leading consulting and workforce partner for comprehensive talent solutions and advisory with a global talent network of over 200,000 consultants specializing in IT/digitalization, R&D, engineering, and business development. The company is a leader in Northern Europe, with around 11,000 consultants on assignment, and is continuously expanding to meet customer needs. With a broad portfolio of talent solutions and deep industry insights, we help public and private clients effectively plan, acquire, and manage their workforce, including both permanent and contingent staff. Ework Group was founded in Sweden in 2000 and has operations in Sweden, Denmark, Norway, Finland, Poland, and Slovakia, with headquarters in Stockholm. Ework Group’s shares are listed on Nasdaq Stockholm (EWRK). www.eworkgroup.com