Report

Interim Report January – September 2009

2009-11-10

• Decline in sales compared with previous year
• Reduced demand, particularly in sectors sensitive to economic fluctuations
• Several framework agreements signed with major customers both at Nordic level and in eWork's four national Nordic markets
• Implementation of a rationalisation program, which has burdened Q3 results with reorganisation costs of SEK 3.4 million. The program will reduce costs in 2010 by about SEK 21 million compared with 2009.

NINE-MONTH PERIOD (JANUARY – SEPTEMBER 2009)

• Net sales amounted to SEK 1,228.9 million (1,358.4)
• Operating profit was SEK 10.8 million (32.8)
• Profit after tax amounted to SEK 7.3 million (24.8)
• Excluding reorganisation costs of SEK 3.4 million the operating profit amounted to SEK 14.2 million (32.8)
• Cash flow from current operations was SEK -22.2 million (9.2)
• Operating margin was 0.9 percent (2.4)
• Earnings per share (EPS) after tax amounted to SEK 0.44 (1.49).

THIRD QUARTER (JULY – SEPTEMBER 2009)

• Net sales amounted to SEK 326.6 million (423.5)
• Operating profit was SEK 0,9 million (10.0)
• Loss after tax amounted to SEK -0.0 million (profit: 7.7)
• Excluding reorganisation costs of SEK 3.4 million, the operating profit amounted to SEK 4.2 million (10.0)
• Cash flow from current operations was SEK 13.1 million (-3.3)
• Operating margin was 0.3 percent (2.4)
• Earnings per share (EPS) after tax amounted to SEK -0.01 (0.46).

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