Slide 1: Second Quarter 2025
Second Quarter 2025 July 18, 2025
Slide 2: Presenters
Presenters Karin Schreil Johanna Estra CEO CFO 2
Slide 3: Top 4 European Talent Solutions Partner with global reach
Top 4 European Talent Solutions Partner with global reach FY 2024 Revenue FY 2024 Service Rev. Assigned consultants Consultants in network IT & Engineering Partner companies 15.8 BSEK 611 MSEK ~11,000 >250,000 80/20 % >30,000 Ework Presence Celebrating 25 years! ISO 9001, 14001, 27001 Partnerships
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 TTM Client Value-Adding Talent Services Client Network Talent Advisor Managed Service Needs Provider Permanent and Expertise in Contingent IT & Engineeri
Slide 5: Highlights of the second quarter Q2 in numbers
Highlights of the second quarter Q2 in numbers Net revenue Gross Margin • Decrease in business volumes YoY; MSEK Q2 % Q2 − Restrained markets, mainly the Nordics − Shift to more profitable growth 3 601 4,1 • Increased gross margin YoY; (4 151) (3,8) − Add-on services growth EBIT EBIT/Gross Profit −
Slide 6: Highlights of the second quarter Q2 in numbers
Highlights of the second quarter Q2 in numbers • Decrease in business volumes YoY; Net revenue Gross Margin − Restrained markets, mainly the Nordics MSEK Q2 % Q2 − Shift to more profitable growth • Increased gross margin YoY; 3 601 4,1 − Add-on services growth (4 151) (3,8) − New frame agreements mo
Slide 7: Extended trust and important client wins
Extended trust and important client wins Norsk Tipping Miljødirektoratet Norge Danske Spil New framework agreement to Ework Group will support their The agreement ensures Norsk deliver IT consulting services. strategic workforce planning Tipping access to top Ework will provide a wide by providing t
Slide 8: Extended trust and important client wins
Extended trust and important client wins Norsk Tipping Miljødirektoratet Norge Danske Spil New framework agreement to Ework Group will support their The agreement ensures Norsk deliver IT consulting services. strategic workforce planning Tipping access to top Ework will provide a wide by providing t
Slide 9: Industry Development
Industry Development + Good development in especially Banking, Gross Profit by Industry, Q2 Automotive 22,0% (21,4%) Finance and Insurance, as well as in Tech & Public 20,4% (23,2%) Telecom Manufacturing 17,8% (17,8%) - Public sector still restrained Banking, Finance & Insurance 12,9% (10,5%) Teleco
Slide 10: Market Development
Market Development + Strengthened position in Denmark Gross Profit by Market, Q2 + Volumes in Poland on the rise, partly driven by growing demand for nearshoring Sweden 66,8% (68,9%) solutions Poland & Slovakia 12,1% (9,1%) Denmark 9,4% (7,5%) Norway 7,8% (10,7%) + Improved momentum in Finland Finla
Slide 11: Q2 Financials
Q2 Financials
Slide 12: Financial overview second quarter
Financial overview second quarter April-June April-June January-June January- Rolling 4 quarters Full year kSEK 2025 2024 2025 June 2024 Jul 2024– Jun 2025 2024 Net sales 3,600,616 4,150,550 7,111,200 8,375,820 14,499,483 15,764,103 • Q2 revenue -13% YoY due to phase out Sales growth, % -13.2 -5.1 -
Slide 13: Financial overview second quarter
Financial overview second quarter April-June April-June January-June January- Rolling 4 quarters Full year kSEK 2025 2024 2025 June 2024 Jul 2024– Jun 2025 2024 Net sales 3,600,616 4,150,550 7,111,200 8,375,820 14,499,483 15,764,103 • Q2 revenue -13% YoY due to phase out Sales growth, % -13.2 -5.1 -
Slide 14: Lower demand, consultancy freeze and industry-specific challenges
Lower demand, consultancy freeze and industry-specific challenges Order intake, quarter (Mkr) • Order intake -15,9% to SEK 4,142 M (4,924) 10 000 − Decrease in order intake in Sweden, Norway, Poland and Slovakia 9 000 − Somewhat compensated by increase in order intake Denmark and Finland 8 000 • The
Slide 15: Lower business volumes and less workdays impacting net sales negatively
Lower business volumes and less workdays impacting net sales negatively Net Sales (MSEK) 4400 4200 4151 4000 3800 78 4 3601 3600 -2 -629 3400 3200 3000 Net Sales Q2 2024 Volume (hours) Average rates Add-on Services Exchange rates Net Sales Q2 2025 16
Slide 16: EBIT negatively impacted mainly by lower business volumes
EBIT negatively impacted mainly by lower business volumes EBIT (MSEK) 60 55 52 52 50 00 02 45 45 45 00 09 01 -01 40 35 -19 30 25 20 Restructuring 2024 Volume (hours) Add-on Services Revenue Exc hange ra tes Restructuring 2025 EBIT Q2 2024 EBIT Q2 2024 ex restruc turing Price/Ma rgin Cost ex restr uc
Slide 17: Gross Profit development
Gross Profit development Gross Profit Development 200 35% 180 30% • EBIT/Gross Profit Q2 30% (33) 160 140 25% • Additional KPI to better clarify business and financial 120 20% development 100 15% 80 • Profitable growth part of Ework´s strategy 60 10% 40 • Positive margin trend in new frame agreement
Slide 18: Summary and outlook
Summary and outlook • Restrained markets, mainly in the Nordics • Shift to more profitable growth, positive trend in gross margin • Need for higher volumes and broadened client base to increase profitability • Demand for more flexible workforce management • Implementation of new internal digital pla