Ework Group AB Reports Preliminary Q1 2025 Results

Stockholm, May 7, 2025 — Ework Group AB, a leading consultant provider specializing in connecting small- and medium-sized consulting firms with global clients, has released its preliminary financial results for the first quarter of 2025. The company reported a preliminary operating result of SEK 34 million (previous year: SEK 44.7 million), as disclosed in a press release.

Despite a strengthening of the gross margin and positive trends in several of Ework’s markets, the company faced challenges in Sweden and Norway, where decreased volumes and a cautious market environment persisted. The company noted that the previously announced phase-out of unprofitable customer contracts in Sweden continued to impact results.

Ework’s net sales for the quarter are expected to reach approximately SEK 3.5 billion (previous year: SEK 4.2 billion). However, significant currency fluctuations are anticipated to affect the financial results, with impacts on financial items estimated at SEK 21 million (previous year: SEK 45.7 million).

The operating margin (EBIT) is projected to be 98 basis points (previous year: 106 basis points). Ework Group plans to publish its full quarterly report on May 14, 2025, providing further updates on the financial outcomes.

Market Context and Outlook

Ework Group AB operates within the industrials sector, specifically in IT services, and is listed on the Swedish Stock Exchange. As of May 5, 2025, the company’s share price closed at SEK 148.7, with a 52-week high of SEK 155 and a low of SEK 117.02. The market capitalization stands at SEK 2.52 billion, with a price-to-earnings ratio of 18.17.

The company’s performance in the first quarter reflects broader market dynamics, including economic pressures and demographic shifts impacting pension systems and workforce participation. Ework’s strategic focus on connecting consulting firms with global clients remains a key driver of its business model.

For further information, investors and stakeholders are encouraged to contact Johanna Eriksson, CFO of Ework Group, at investorrelations@eworkgroup.com .

As Ework Group navigates these challenges, the company’s ability to adapt to market conditions and leverage its global network will be crucial in maintaining its competitive edge in the IT services industry.