Report

eWork Scandinavia AB (publ) publishes Interim Report, January - March 2014

2014-04-24

"eWork is moving into 2014 with positive momentum. The clearest signal is a 44% increase in order intake compared to the previous year. Net sales also rose by a sound 16%. The growth is mainly due to several significant MSP business collaborations that eWork has entered into in quick succession."

Extract from President and CEO Zoran Covic's commentary to the Interim Report.

First quarter 2014 compared with 2013

·
Net sales increased by 15.7% to SEK 1,103.7 million (954.2).

·
Operating profit reduced by 9.5% to SEK 13.4 million (14.8).

·
Order intake increased by 44%, totaling SEK 1,325 million (922).

·
Profit after tax per share was SEK 0.62 (0.69).

·
The consulting market showed some signs of recovery and demand for standard contracts increased slightly.

·
eWork signed a substantial MSP contract with Tieto in the period, alongside framework agreements with Outotec, KMD and Kongsberg.

·
Zoran Covic took up his position as President and CEO in March.

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

Phone: +46 (8) 50 60 55 00