Slide 1: Fourth Quarter 2024
Fourth Quarter 2024 February 21, 2025
Slide 2: Presenters
Presenters Karin Schreil Johanna Eriksson CEO CFO 2
Slide 3: Ework Group in numbers
Ework Group in numbers 6 countries - 13 sites Professionals on assignment in Q4 2024 Revenue Q4 2024 Service Rev >29k 4,2 BSEK 168 MSEK 1. 2. 3. Stockholm Gothenburg Malmö +50 Unique Partner Companies different Countries 4. Västerås FY 2024 Revenue FY 2024 Service Rev v 5. Linköping 15,8 BSEK 611 MS
Slide 4: Creating value through a powerhouse for Total Talent Solutions
Creating value through a powerhouse for Total Talent Solutions Total Talent Solutions Consulting Provider Project Provider Talent Network Services q Find & Select consultant q Find & Select project q Ework Services q Preidentified consultant q Preidentified project q PayExpress q Contract management
Slide 5: Highlights in the fourth quarter
Highlights in the fourth quarter Service Revenue EBIT/Service Growth Revenue EBIT • Positive margin trend and value-added services growth Q4, MSEK Margin Q4 MSEK Q4 168 despite market challenges. • Refined Total Talent Solutions offering strengthens client partnerships. 32% 54 (58) • New framework a
Slide 6: Extended trust and important client wins
Extended trust and important client wins Swedish National Grid Swedish Police Authority Swedish Board of Agriculture General
Slide 7: Industry and market development
Industry and market development Service Revenue by Industry, Q4 Automotive 22% (21%) Public 22% (24%) Manufacturing 18% (16%) Banking, Finance & Insurance 12% (9%) • Volatility between industries Telecom 7% (10%) Consulting 4% (5%) + Automotive, Manufacturing and Life Science Life Science 4% (3%) ma
Slide 8: Market trends and insights
Market trends and insights • Definition of work is changing – Gig Economy FUTURE • New skills needed in the digital age & green transition OF WORK • Lifelong learning • Digitalization, globalization, cost focus, and new • Remote & Hybrid work legislation impacts client needs. • Talent demand is vola
Slide 9: Geographical expansion
Geographical expansion • Expanding to support clients globally. • Continued growth and positive development in Slovakia since 2024 launch. • Exploring further European expansion. • Belgium launch in H1 2025, continuing organic growth. • Presence in 7 European countries, talent network in 50+ countri
Slide 10: Q4 Financials
Q4 Financials
Slide 11: Financial overview fourth quarter and full-year 2024
Financial overview fourth quarter and full-year 2024 October- October- December December Full-year Full-year • Revenue -10% QoQ driven by phase out of non- kSEK 2024 2023 2024 2023 profitable client contracts. Net sales 4,161,109 4,646,055 15,76,4103 17,209,323 Operating profit, EBIT 54,284 58,171 1
Slide 12: Sustained trend of margin improvement
Sustained trend of margin improvement Order intake, quarter (Mkr) • Order intake -9% to SEK 7,643 M (8,327) 10 000 − Lower order intake mainly due to pruning of client contract 9 000 portfolio − Market recovery continues to be slow 8 000 • Mixed demand between industries 7 000 − Strong demand in Ban
Slide 13: Reduced volumes hampering positive scaling effects
Reduced volumes hampering positive scaling effects Net Sales (MSEK) 4700,0 4657,1 4648,0 -9,2 4500,0 4300,0 1,6 9,2 4161,1 4100,0 -468,8 -28,9 3900,0 3700,0 3500,0 Reclassification Volume Add-on Services Net Sales Q2 2024 Reported Net Sales Q4 PayExpress Comparable Net Sales Q4 Average rates Exchang
Slide 14: Lower volumes dampened by add-on services and cost efficiency
Lower volumes dampened by add-on services and cost efficiency EBIT (MSEK) 70,0 65,0 60,0 58,2 55,0 10,1 0,5 54,2 -0,5 50,0 45,0 3,5 40,0 -15,8 -1,8 35,0 30,0 25,0 20,0 Volume (hours) Add-on Services Revenue Restructuring EBIT Q4 2024 Reported EBIT Q4 2023 Price/Mix Total Cost (excl Exchange rates re
Slide 15: Service Revenue (Gross Profit)
Service Revenue (Gross Profit) • Additional KPI to better clarify business and financial Service Revenue Development development 200 40% 180 • Focus on profitable growth part of Ework´s strategy; 160 35% − Review our client contract portfolio to increase profitability, new 140 engagements benefittin
Slide 16: Summary and outlook
Summary and outlook • Continued positive trend in margin development and in our value adding services growth, despite a continued challenging market. • The trend with higher margins in order intake continued. • Our refined service offering for Total Talent Solutions is enabling us to be a trusted pa