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Ework Group AB ( (SE:EWRK) ) has shared an announcement.
Ework Group AB reported a weak start to 2026, with first-quarter net sales down 13.9% to SEK 3.02 billion and gross profit down 12.7% to SEK 124.4 million, while maintaining a stable gross margin of 4.1%. The number of professionals on assignment fell to 9,207 from 10,850, reflecting softer client demand across its markets.
Operating profit was hit harder than revenue, dropping 59.2% to SEK 14 million, or SEK 23.4 million on an adjusted basis, as EBIT fell to 11.2% of gross profit from 24%. Order intake declined 12.1% to SEK 3.69 billion and diluted earnings per share fell to SEK 0.42, although improved net financial items slightly cushioned the bottom line, suggesting a tougher market but some strengthening in the company’s financial foundation.
More about Ework Group AB
Ework Group AB operates as a consulting and talent resourcing partner, matching professionals with client assignments across multiple geographic markets. The company’s business model is volume-driven, generating revenue from net sales of consultant services and related gross profit margins, with performance closely tied to order intake and average professionals on assignment.
Average Trading Volume: 29,634
Technical Sentiment Signal: Sell
Current Market Cap: SEK1.33B
For a thorough assessment of EWRK stock, go to TipRanks’ Stock Analysis page.