Ework Group publishes Year-End Report, January – December 2018: Increased Earnings and Continued Healthy Growth

"The fourth quarter closed the year with improved earnings and good sales growth. In the year, we worked intensively on our long-term business development initiatives, while operating activities progressed well in Sweden, Norway and Poland, although not as positively in Finland and Denmark.”

Extract from CEO Zoran Covics commentary to the Year-End Report

Fourth Quarter 2018 Compared to the Prior Year Period 2017

• Net sales increased by 17% to SEK 3,172 M (2,714).
• EBIT for the period was up by 8% to SEK 38.9 M (36.0).
• Order intake amounted to SEK 5,776 M (4,590), a 26% increase.
• Earnings per share after dilution were SEK 1.73 (1.57).

Full Year 2018 Compared to 2017

• Net sales increased by 16% to SEK 11,036 M (9,503).
• EBIT for the period was SEK 106.5 M (106.3).
• Earnings per share after dilution were SEK 4.58 (4.65).
• Order intake amounted to SEK 15,796 M (13,510), a 17% increase.
• The Board of Directors has decided to propose a dividend of SEK 4.50 per share (4.50) to the AGM.
• Due to the progress of earnings in 2018, Ework is not predicted to fully achieve its financial target for earnings per share. However, it is retaining its ambition to increase revenue by 20% per year during the years 2019 and 2020. The financial net sales target for 2016 – 2020 remains.

The complete Year-end Report is available via link below or at www.eworkgroup.com

 

For further information, please contact:
Zoran Covic, President and CEO, 46 (0) 706 65 65 17
Magnus Eriksson, deputy CEO and CFO, 46 (0) 8 50 60 55 00, 46 (0) 733 82 84 80

The information disclosed in this Year-end Report is mandatory for Ework Group AB (publ) to publish pursuant to the EU Market Abuse Regulation. This information will be submitted for publication at 1:15 p.m. (CET) on 13 February 2019. This Year-end Report has not been reviewed by the company’s auditor.