Press Releases

Year-End Report, January – December 2017: Ework finishes 2017 strongly

2018-02-07

"Ework concluded 2017 with a strong fourth quarter. Net sales were up by 17%, and we achieved high earnings growth again, of 23% year on year. We executed intensive development work, creating the potential for us to achieve our long-term targets for 2020.”

Extract from CEO Zoran Covic’s commentary to the Year-End Report

Fourth quarter 2017 compared to the corresponding period of 2016

· Net sales increased by 17% to SEK 2,714 M (2,320).
· EBIT for the period was up by 23% to SEK 36.0 M (29.3).
· Order intake amounted to SEK 4,590 M (3,917) for the fourth quarter, a 17% increase.
· Earnings per share after dilution increased by 17% to SEK 1.57 (1.34).
· At their maximum, the number of consultants on assignment was 8,550 (7,240).
· CEO Zoran Covic and Deputy CEO Magnus Eriksson purchased 90,000 and 72,000 shares of Ework Group AB respectively from major shareholders Salénia AB and Magnus Berglind.

Full year 2017 compared to the corresponding period of 2016

· Net sales increased by 25% to SEK 9,503 M (7,585).
· EBIT increased by 14% to SEK 106.3 M (92.9).
· Earnings per share after dilution increased by 10% to SEK 4.65 (4.21).
· Demand was high right through the period, and Ework judges that it won market shares on a growing market.
· Order intake for the full year amounted to SEK 13,509 M (11,063), a 22% increase.
· The Board of Directors has decided to propose a dividend of SEK 4.50 (4.00) per share to the AGM.

The complete Year-End Report is available via link below or at www.eworkgroup.com

For further information, please contact:
Zoran Covic, CEO, 46 (0) 706 65 65 17
Magnus Eriksson, deputy CEO and CFO, 46 (0) 8 50 60 55 00, 46 (0) 733 82 84 80