This article first appeared on GuruFocus .
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Revenue:SEK3.1 billion, a 13% decline from SEK3.6 billion in the same quarter last year.
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Gross Margin:Maintained despite weaker market conditions.
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EBIT:SEK28 million, down from SEK44.8 million in the corresponding period last year.
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Order Intake:SEK4.4 billion, an increase from SEK4.1 billion in the same period last year.
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Cost Savings:Expected annual savings of approximately SEK80 million from reorganization, plus SEK5 million from facility efficiency measures.
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Release Date: July 21, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
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Ework Group AB ( LTS:0MCB ) reported an increase in order intake for Q2 2026, marking the first year-over-year increase since Q3 2024.
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The company has launched several AI-related services, including Skillshift Lens, to meet the growing demand for AI competencies.
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Norway showed positive financial development, recovering from previous challenges and contributing to the company's overall performance.
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The company has maintained its gross margin despite a decline in revenue, indicating effective cost management.
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Ework Group AB is focusing on international expansion with a capital-light approach, reducing dependency on the Swedish market.
Negative Points
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Revenue for Q2 2026 declined by 13% compared to the same quarter last year, reflecting a challenging market environment.
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EBIT decreased to SEK28 million from SEK44.8 million in the corresponding period last year, primarily due to lower revenue.
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The private sector, particularly in consulting, life science, banking, finance, and technology, showed weaker performance.
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Denmark and Poland experienced negative developments, driven by large clients scaling back on consulting demand.
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The company continues to face pricing pressure in certain procurement and tender processes due to increased competition.
Q & A Highlights
Q: Can you elaborate on how Ework Group plans to expand geographically without significant investment? A: Daniel Almgren, CEO: We adopt an organic approach, leveraging our existing client base, which often operates in multiple countries. This allows us to enter new markets without acquiring target companies, thus minimizing investment.
Q: What is driving the recent increase in order intake, and is it a sign of market stabilization? A: Daniel Almgren, CEO: The increase is partly driven by the public sector and a large client ramping up volumes. However, it's too early to confirm market stabilization; we need to see this trend continue for another quarter.
Q: How has Ework maintained its gross margin despite declining volumes? A: Johanna Eriksson, CFO: It's a combination of our margin-boosting add-on services and long-term framework agreements, which provide stability in margins despite market fluctuations.
Q: Is Norway's positive sales trend an indicator for other Nordic markets? A: Daniel Almgren, CEO: Norway's growth is more due to specific dynamics like telecom and energy sectors. It's not necessarily a leading indicator for other markets, but it's a positive sign.
Q: How does Ework differentiate itself from traditional consulting firms in AI services? A: Daniel Almgren, CEO: As an independent party, we can source the best talent across consulting houses and freelancers, offering quicker access to needed skills without transitioning an entire workforce.
Q: What is the commercial purpose of the Skillshift Lens, and how does it generate revenue? A: Daniel Almgren, CEO: Skillshift Lens is a tool to initiate discussions and raise awareness about future skill needs. It doesn't directly generate revenue but helps engage clients and identify their needs.
Q: How does the public sector's performance affect Ework's margin profile? A: Johanna Eriksson, CFO: The public sector has been a strong consultant buyer, providing stability. Our exposure to it helps balance the portfolio, especially amid geopolitical uncertainties affecting other sectors.
Q: How is Ework adapting to rapidly changing client requirements in AI? A: Daniel Almgren, CEO: We stay agile, not locking into specific resources, and adapt quickly to changing demands, which favors our consultant model. We ensure we're in tune with cutting-edge knowledge.
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
