Press Releases

Year-end report January - December 2009

2010-02-22

The fourth quarter 2009

• Sales decreased by 22.1 percent compared with the previous year

• The negative quarterly trend during the year was reversed during the fourth quarter

• Price pressure and continued weak demand from customers in sectors that are particularly sensitive to market conditions

• Several framework agreements were signed with large customers both on a Nordic level and on eWork’s four national Nordic markets

• Earnings per share totalled SEK 0.27 (0.31)


The full-year, January – December 2009

• Sales decreased slightly compared with the previous year

• Price pressure and weak demand from customers in sectors that are particularly sensitive to market conditions, of which a small number of large customers accounted for a considerable portion of the fall in eWork’s volumes.

• Good sales to new customers. Several framework agreements were signed with large customers both on a Nordic level and on eWork’s four national Nordic markets

• Two cost-cutting plans were carried out which affected the profit for the year by SEK 6.2 M. The costcutting plans will reduce costs during 2010 by just over SEK 20 M in total, compared with 2009

• Earnings per share totalled SEK 0.71 (1.79)

• The board of directors has resolved to propose a dividend of SEK 0.75 (1.10) to the annual general meeting.

Trading in the eWork share on NASDAQ OMX Stockholm began on 18 February 2010.



For further information please contact:
Claes Ruthberg, President and CEO, +46 8 50 60 55 00
Sofie König, Marketing director, eWork Scandinavia AB, +46 8 50 60 55 00, +46 7 515 49 83
Ulf Henning, CFO, eWork Scandinavia AB, +46 8 50 60 55 00

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