Press Releases

Year-end Report, January-December 2015

2016-02-18

"eWork concluded 2015 with a strong fourth quarter. Sales grew by 25 percent and profit increased by 41 percent. We delivered consulting services worth over SEK 6 billion in the year, and according to a sector commentator, are now officially Sweden’s largest IT consultant vendor. We’re looking back at a very good year for eWork."

Abstract from CEO Zoran Covic's commentary to the Year-End Report.

Fourth quarter 2015 compared to 2014

• Net sales increased by 25 percent to SEK 1,741 million (1,389).

• Operating profit increased by 41 percent to SEK 22.0 million (15.6).

• Order intake was SEK 2,949 million (2,740), up 8 percent. The percentage comparison is with an unusually strong quarter in 2014. Order intake was in line with the company’s expectation of continued healthy growth in 2016.

• Earnings per share after dilution increased to SEK 0.88 (0.77).

After the end of the reporting period, eWork’s Board of Directors decided to adopt new financial targets for operations in the period 2016 to 2020:

• eWork will generate average yearly sales growth of 20 percent.

• Earnings per share will increase by an average of 20 percent per year.

Full year 2015 compared to 2014

• Net sales increased by 29 percent to SEK 6,089 million (4,714).

• Operating profit up by 50 percent to SEK 78.4 million (52.3).

• Earnings per share after dilution were SEK 3.48 (2.43).

• The consulting market was strong throughout the year, demand for eWork’s services increased, and eWork advanced its positioning on all markets.

• IT research firm Radar rated eWork Sweden’s largest IT consultant vendor.

• The Board of Directors decided to propose a dividend of SEK 3.25 (2.50) to the AGM. In the previous year, an extra dividend of SEK 2.00 was added to the ordinary dividend.

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