Sweden's Ework Q4 sales drop 13%, operating profit hit by IT write-off

eWork AB

19/02/2026 07:12

Overview

Sweden-based consulting firm's Q4 sales fell 13% to SEK 3,639 M

Operating profit negatively impacted by SEK 20 M legacy IT write-off

Company expects declining volumes and EPS drop of 10-20% in 2026

Outlook

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

Company sees continued declining business volumes in 2026

Ework is implementing measures for long-term growth amid changing client needs

Result Drivers

DECLINING BUSINESS VOLUMES - Ework experienced a 13% decrease in sales due to continued uncertainty and declining business volumes

GROSS MARGIN IMPROVEMENT - Gross margin increased to 4.1%, driven by higher contract margins and value-added services

IT INVESTMENT WRITE-OFF - Operating profit was negatively impacted by a SEK 20 M write-off of legacy IT investments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 3.64 bln
Q4 Operating Profit
SEK 16 mln
Q4 Orders
SEK 6.58 bln


Analyst Coverage

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nWkr2FswxW

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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.)