Sweden's Ework Q1 net sales fall 13.9% on client cutback

eWork AB

28/04/2026 11:12

Overview

Sweden consulting and workforce provider's Q1 net sales fell 13.9% yr/yr

Q1 EPS dropped to SEK 0.42 from SEK 0.98 yr/yr

Company cites market restraint and restructuring costs for lower results

Outlook

Ework expects 2026 EPS to decrease by 10-20% compared to 2025

Company expects annual cost savings of about SEK 18 mln, with full effect from 2027

Ework sees continued client restraint and cutbacks impacting business volumes

Result Drivers

MARKET RESTRAINT - Co said lower business volume was due to ongoing market restraint and cutbacks among clients

RESTRUCTURING COSTS - SEK 9 mln in restructuring costs weighed on Q1 results

ORGANIZATIONAL TRANSITION - Co said ongoing organizational changes are aimed at improving efficiency and long-term growth

Company press release: ID:nWkr35Q764

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 3.02 bln
Q1 EPS
SEK 0.42
Q1 Operating Profit
SEK 14 mln
Q1 Orders
SEK 3.69 bln


Analyst Coverage

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)