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2016-10-21

Ework Group AB: Interim Report, Januari - September 2016: Positive progress on a strong consulting market

"We're in a really positive business cycle for the consulting sector.
Ework expanded on a broad front, and our more recent initiatives in
technology consulting, public sector assignments and our Polish
operation performed positively."

Extract from CEO Zoran Covic's commentary to the Interim Report.

Third quarter 2016 compared to the corresponding period 2015

· Net sales increased by 25% to SEK 1,646 M (1,316).
· Operating profit up by 10% to SEK 19.2 M (17.5).
· Order intake amounted to SEK 1,864 M (1,453), a 28% increase.
· Earnings per share after dilution were SEK 0.88 (0.85).

First nine months 2016 compared to the corresponding period 2015

· Net sales increased by 21% to SEK 5,265 M (4,348).
· Operating profit up by 13% to SEK 63.6 M (56.4).
· Earnings per share after dilution were SEK 2.88 (2.61).
· Demand was firm right through the period, with Ework estimating
that it won market shares on a growing market.

· Order intake for the first nine months of year was SEK 7,146 M
(5,320).

The complete interim report is available by link below or on
www.ework.se

For further information, please contact:

Zoran Covic, President and CEO, 46 (0) 706 65 65 17,
zoran.covic@ework.se

Magnus Eriksson, deputy CEO and CFO, 46 (0) 8 50 60 55 00, 46 (0) 733
82 84 80, magnus.eriksson@ework.se

Ework Group is a market-leading, independent consultant provider
active in northern Europe focusing on IT, telecom, technology and
business development. With no consultants employed, Ework is able to
match each assignment with appropriate competence from the whole
market impartially. Ework was founded in Sweden in 2000, and is now
active in Sweden, Denmark, Norway, Finland and Poland. The company
has framework agreements with over 160 leading corporations in most
sectors, while simultaneously managing over 6,000 consultants on
assignment. Ework's headquarters are in Stockholm, Sweden. Ework's
shares are quoted on Nasdaq Stockholm. This interim report is
disclosed as regulatory information in compliance with Swedish and EU
legislation.

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http://news.cision.com/ework-group-ab/r/interim-report--januari---septem...
http://mb.cision.com/Main/302/2105787/578135.pdf

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