Ework Group AB (EWRK) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and warm welcome to the presentation of IWA Group's results for the first quarter 2026. My name is Johan Lindblad. I'm the chief marketing and communications officer at IWA Group, and I will be moderating today's webcast. And with me here today to present our Q1 results, I have Daniel Angén, CEO at IWA Group, together with our CFO, Johanna Estö. In just a moment, we will begin to go through the highlights and insights of the first quarter. And after the presentation, we will open up for questions, starting with the calls followed by the written ones. And with that, I think I will hand it over to you, Daniel and Johanna. Thank you very much, Johan. Thank you all for joining today. It's good to be here. It's going to be a pleasure to take you through the Q1 results of eWork Group. Looking at the highlights of the first quarter 2026, the market environment remains challenging. Demand continues to be cautious and uncertainty has increased further during the quarter, driven by geopolitical tensions, rising energy prices and continued cost control among our clients. As a consequence, business volumes remain down year on year. That said, the first quarter developed fully in line with our expectations and in line with our guidance for 2026. Our full year EPS guidance of minus 10 to minus 20% compared to 2025 remains unchanged. In that context, we view the quarter as a solid and as a confirmation that we are managing the business in a disciplined and controlled manner. Looking at the market conditions, they continue to vary across geographies and segments. Norway shows a positive momentum, while Sweden remains more restrained with differences between industries. Poland was impacted by the ending of a larger contract, but underlying demand remains stable, whil...