Sweden · Delayed Price · Currency is SEK Ework Group AB Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 results were in line with expectations amid a challenging market, with revenue down 13.9% year-over-year and strong gross margin at 4.1%. Organizational transformation and new client agreements position the business for future growth.
Fiscal Year 2025
-
Q4 net sales fell 13% sequentially to SEK 3.6 billion amid continued market headwinds, especially in Sweden, with no clear signs of recovery. Strategic expansion and organizational simplification are underway, with a proposed SEK 4 per share dividend and cost-saving measures expected to support long-term growth.
-
Q3 net sales fell 7% sequentially to SEK 3 billion, with EBIT at SEK 28 million, impacted by market weakness in Sweden and restructuring costs. Gross margin improved to 4.2% on add-on services, while digital and AI investments advanced. Public sector demand grew, but automotive and private sectors remained volatile.
-
Q2 saw lower net sales and order intake due to market headwinds and phasing out unprofitable contracts, but gross margin improved to 4.1% year-over-year. Growth was strong in Denmark and Poland, while Sweden and Norway remained challenging. The new digital platform is nearly complete, supporting future efficiency and scalability.
-
Q1 saw strong growth in Denmark and Poland but continued challenges in Sweden and Norway, leading to an 18% revenue decline in the Nordics. Gross margin improved to 4.1%, driven by add-on services, while EBIT and order intake declined due to market volatility and contract phase-outs.
Fiscal Year 2024
-
Q4 2024 saw improved margins and profitable growth despite lower net sales from contract pruning. Major new framework agreements, expansion to Belgium, and a SEK 7 per share dividend highlight the period, with continued focus on value-adding services and efficiency.
-
The group connects organizations with specialized talent, focusing on IT, digitalization, and green transition, and is expanding across Europe with a scalable, global operating model. Q3 saw higher margins and strong automotive sector growth, despite recessionary headwinds.
-
Order intake returned to growth, rising 6% year-over-year, while net sales declined 11% due to lower assignment volumes and strategic client phase-outs. Operating margin improved, supported by higher order margins and cost reductions, but market recovery remains slow and volume growth is limited.
-
Q2 2024 saw higher private sector demand and improved margins despite lower order intake and net sales. Cost efficiencies and new service offerings drove a 36% rise in operating profit, with growth expected to return by year-end.