Report

Interim Report, January - June 2013

2013-07-26

"eWork achieved a major milestone in the quarter when we secured our second really large-scale MSP (managed service provider) deal, on this occasion with TetraPak. Thus we demonstrated once again that we’re the strongest provider on the market, with a functional MSP concept for the whole Nordic region. Meanwhile, this deal is a breakthrough in the technology consultant segment."

Claes Ruthberg, President and CEO

SECOND QUARTER 2013 COMPARED WITH 2012

• Net sales rose by 6 percent to SEK 931.8 million (877.2).

• Operating profit decreased by 22 percent to SEK 12.5 million (16.0).

• Order intake increased by 12 percent and amounted to SEK 1,226 million (1,090).

• Profit after tax per share was SEK 0.55 (0.71), the same amount before and after dilution.

• The market remained hesitant, which negatively affected the number of ongoing consultant appointments.

• However, interest in consolidating and MSP (managed service provider) business was high.

• An MSP deal was signed with Tetra Pak, expected to amount to over 10 percent of the Group’s net sales.

• This agreement with TetraPak mainly relates to technology consultants, which marks a breakthrough for eWork in this segment.

FIRST HALF-YEAR 2013 COMPARED WITH 2012

• Net sales increased by 8 percent to SEK 1,886.0 million (1,747).

• Operating profit decreased by 9 percent to SEK 27.3 (30.0) million.

• eWork judges that it won market share on a generally hesitant market. Its sales mix included a higher share of outsourcing and takeover contracts, which explains its lower operating margin.

For further information please contact: 
Claes Ruthberg, CEO 46-70-3746475, E-mail: claes.ruthberg@ework.se
Magnus Eriksson, CFO, 46 733 82 84 80, E-mail: magnus.eriksson@ework.se

On the reporting date, questions should be addressed to Magnus Eriksson in the first instance.