Interim Report, January - June 2013
"eWork achieved a major milestone in the quarter when we secured our second really large-scale MSP (managed service provider) deal, on this occasion with TetraPak. Thus we demonstrated once again that we’re the strongest provider on the market, with a functional MSP concept for the whole Nordic region. Meanwhile, this deal is a breakthrough in the technology consultant segment."
Claes Ruthberg, President and CEO
SECOND QUARTER 2013 COMPARED WITH 2012
• Net sales rose by 6 percent to SEK 931.8 million (877.2).
• Operating profit decreased by 22 percent to SEK 12.5 million (16.0).
• Order intake increased by 12 percent and amounted to SEK 1,226 million (1,090).
• Profit after tax per share was SEK 0.55 (0.71), the same amount before and after dilution.
• The market remained hesitant, which negatively affected the number of ongoing consultant appointments.
• However, interest in consolidating and MSP (managed service provider) business was high.
• An MSP deal was signed with Tetra Pak, expected to amount to over 10 percent of the Group’s net sales.
• This agreement with TetraPak mainly relates to technology consultants, which marks a breakthrough for eWork in this segment.
FIRST HALF-YEAR 2013 COMPARED WITH 2012
• Net sales increased by 8 percent to SEK 1,886.0 million (1,747).
• Operating profit decreased by 9 percent to SEK 27.3 (30.0) million.
• eWork judges that it won market share on a generally hesitant market. Its sales mix included a higher share of outsourcing and takeover contracts, which explains its lower operating margin.
For further information please contact:
Claes Ruthberg, CEO 46-70-3746475, E-mail: claes.ruthberg@ework.se
Magnus Eriksson, CFO, 46 733 82 84 80, E-mail: magnus.eriksson@ework.se
On the reporting date, questions should be addressed to Magnus Eriksson in the first instance.
eWork Scandinavia AB is a complete consulting provider with over 3,000 consultants on assignment within the fields of IT, telecoms, technology, and business development. eWork provides an objective selection of specialists from the largest consultant network on the market, which brings clients better pricing, quality and time efficiency. eWork has framework agreements with more than 130 clients among the Nordic region’s leading companies active in most sectors. The Company’s share is listed on NASDAQ OMX Stockholm.
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