Press releases

eWork Scandinavia AB (publ) interim report, January-March 2016

2016-04-20

Strong market and continued high growth

"In the first quarter of the year, we saw a brisk market and eWork maintained its healthy growth. eWork announced new long-term targets in February. Over the next five years, net sales and earnings per share will grow by an average of 20% per year each.”

Extract from CEO Zoran Covic’s commentary to the report.

First quarter 2016 compared to 2015

• Net sales increased by 16% to SEK 1,685 M (1,458).

• Operating profit up by 14% to SEK 19.6 M (17.2).

• Order intake rose by 23% to SEK 2,284 M (1,850).

• Earnings per share after tax and after dilution were SEK 0.87 (0.78).

• The consultant market remained robust with healthy demand for consultants for new assignments.

• The Board of Directors set new financial targets for the period 2016-2020:

   - eWork will generate average yearly sales growth of 20%.

   - Earnings per share will increase by an average of 20% per year.

The complete interim report is available by link below or on www.ework.se

For further information, please contact:
Zoran Covic, President and CEO, 46 (0) 706 65 65 17, zoran.covic@ework.se
Magnus Eriksson, deputy CEO and CFO, 46 (0) 8 50 60 55 00, 46 (0) 733 82 84 80, magnus.eriksson@ework.se

Tel: +45 31 10 18 75