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
