Brief: Ework To Introduce New Operating Model, Reduce Workforce

eWork AB

30/01/2024 09:59

Jan 30 (Reuters) - Ework Group AB  EWRK.ST :
    * NEW OPERATING MODEL FOR INCREASED CLIENT VALUE
    * NEW WORKING WAY OF WORKING IS ESTIMATED TO RESULT IN A
REDUCTION
OF COMPANY'S WORKFORCE OF JUST OVER 10%
    * IMPLEMENTATION IS EXPECTED TO RESULT IN ANNUAL COST
SAVINGS OF
APPROXIMATELY SEK 60 MSEK, WITH FULL EFFECT FROM Q2 OF 2024
    * ON AVERAGE, GROUP HAD 324 EMPLOYEES DURING Q4 OF 2023
    * NEGOTIATIONS WITH UNIONS ARE CURRENTLY ONGOING
    * ONE-TIME COSTS, REALIZED SAVINGS TO HAVE RELATIVELY
NEUTRAL
EFFECT IN Q1
    * OUTLOOK 2024: EXPECTS A GRADUALLY STRONGER DEMAND AND,
CONSEQUENTLY, GROWTH BY END OF 2024
    * OUTLOOK 2024: OPERATING PROFIT TO INCREASE BY AT LEAST
30%, IN
LINE WITH FINANCIAL GOALS
    * OUTLOOK 2024: DECREASE IN TURNOVER IS EXPECTED IN H1 DUE
TO
LOWER DEMAND, ORDER INTAKE
    * FOR FULL YEAR 2024, LIMITED DECREASE IN TURNOVER IS
FORECASTED

Source text for Eikon:  ID:nWkr4R0fmw 
Further company coverage:  EWRK.ST 

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