Ework Group AB
Ework Group AB provides IT services and consulting solutions, primarily generating revenue through service contracts and project-based engagements.
Business. Ework Group AB (EWRK.ST) is a technology company operating in the IT Services & Consulting industry, providing IT services to its clients. The company is headquartered in Sweden and is listed on the Stockholm Stock Exchange under the ticker EWRK.ST. Specific details regarding operating segments and geographic revenue mix are not available.
At a glance
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- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Ework Group AB (EWRK.ST) is a technology company operating in the IT Services & Consulting industry, providing IT services to its clients. The company is headquartered in Sweden and is listed on the Stockholm Stock Exchange under the ticker EWRK.ST. Specific details regarding operating segments and geographic revenue mix are not available.
Ework Group AB has a market capitalization of 1,076.98 million SEK and a price-to-earnings ratio of 31.17, indicating a relatively high valuation compared to its earnings. The company's price-to-book ratio is 4.62, suggesting that the market values the company significantly above its book value. The liquidity position is constrained, with negative net cash after subtracting total debt, and a current ratio of 1.04, indicating a marginal ability to meet short-term obligations.
In terms of profitability, Ework Group AB reports a return on equity of 14.83%, which is relatively strong, but its return on assets is only 0.90%, indicating that the company is not efficiently utilizing its assets to generate returns. The operating margin is 12.48% (calculated from operating income of 51.81 million SEK on revenue of 415.06 million SEK), which is a key metric for assessing operational efficiency.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification, which may expose it to regional economic risks. The capital structure is heavily leveraged, with a debt-to-equity ratio of 1.32, indicating that the company relies more on debt financing than equity.
Looking ahead, the company is expected to see a decline in revenue, with the mean analyst estimate of 11.95 billion SEK for the current fiscal year, compared to the actual revenue of 13.74 billion SEK in the previous year. The operating cash flow is negative at -32.32 million SEK, and the free cash flow is also negative at -82.99 million SEK, indicating that the company is not generating sufficient cash from operations to fund its activities.
Recent filings and transcripts do not indicate any major events that would significantly impact the company's operations or financial position in the near term. However, the company's liquidity position remains a concern, with a negative net cash position and a current ratio just above 1.
- Ework Group AB has a high price-to-earnings ratio, indicating a premium valuation relative to earnings.
- The company's return on equity is strong, but its return on assets is weak, suggesting inefficiencies in asset utilization.
- The company's revenue is concentrated in a single business segment, increasing exposure to sector-specific risks.
- The company is expected to see a decline in revenue, with a negative operating and free cash flow.
- The company's liquidity position is constrained, with a current ratio of 1.04 and a negative net cash position.
Bull / Bear case
Generated · model-assistedCapex intensity is favorable compared to peers, ranking in the top quartile of the IT Services cohort.
Dilution risk is assessed as low, suggesting limited immediate threat to existing shareholder equity value.
Operating margin of 1.25% is well below the IT Services cohort median of 5.13%, highlighting weak pricing power.
Debt-to-equity ratio of 1.32 is in the bottom quartile of peers, indicating excessive financial leverage and high credit risk.
In focus — financials by report
Revenue kr 3.64B, −12,5% YoY; Operating income −70,2% YoY.
- ▍Revenue kr 3.64B, −12,5% YoY
- ▍Operating income −70,2% YoY
- ▍Net income −75,2% YoY
- ▍Free cash flow −57,1% YoY
- ▍Net margin 0.3%
Revenue kr 2.99B, −7,3% YoY; Operating income −29,4% YoY.
- ▍Revenue kr 2.99B, −7,3% YoY
- ▍Operating income −29,4% YoY
- ▍Net income −38,8% YoY
- ▍Free cash flow −45,0% YoY
- ▍Net margin 0.5%
Revenue kr 3.60B, −13,2% YoY; Operating income −13,6% YoY.
- ▍Revenue kr 3.60B, −13,2% YoY
- ▍Operating income −13,6% YoY
- ▍Net income −3,7% YoY
- ▍Free cash flow +3,1% YoY
- ▍Net margin 0.9%
Revenue kr 3.51B; Operating income kr 34.3M.
- ▍Revenue kr 3.51B
- ▍Operating income kr 34.3M
- ▍Net margin 0.5%
Revenue kr 4.16B; Operating income kr 54.3M.
- ▍Revenue kr 4.16B
- ▍Operating income kr 54.3M
- ▍Net margin 1.0%
Revenue kr 3.23B; Operating income kr 39.3M.
- ▍Revenue kr 3.23B
- ▍Operating income kr 39.3M
- ▍Net margin 0.8%
Revenue kr 4.15B; Operating income kr 51.8M.
- ▍Revenue kr 4.15B
- ▍Operating income kr 51.8M
- ▍Net margin 0.8%
Revenue kr 13.74B, −12,8% YoY; Operating income −35,3% YoY.
- ▍Revenue kr 13.74B, −12,8% YoY
- ▍Operating income −35,3% YoY
- ▍Net income −45,0% YoY
- ▍Free cash flow −124,8% YoY
- ▍Net margin 0.6%
Revenue kr 15.76B, −8,4% YoY; Operating income −2,4% YoY.
- ▍Revenue kr 15.76B, −8,4% YoY
- ▍Operating income −2,4% YoY
- ▍Net income +7,3% YoY
- ▍Free cash flow +22,9% YoY
- ▍Net margin 0.9%
Revenue kr 17.21B, +7,1% YoY; Operating income +6,4% YoY.
- ▍Revenue kr 17.21B, +7,1% YoY
- ▍Operating income +6,4% YoY
- ▍Net income −7,3% YoY
- ▍Free cash flow −25,7% YoY
- ▍Net margin 0.7%
Revenue kr 16.07B, +21,9% YoY; Operating income +44,4% YoY.
- ▍Revenue kr 16.07B, +21,9% YoY
- ▍Operating income +44,4% YoY
- ▍Net income +42,0% YoY
- ▍Free cash flow +912,0% YoY
- ▍Net margin 0.9%
Revenue kr 13.19B; Operating income kr 126.8M.
- ▍Revenue kr 13.19B
- ▍Operating income kr 126.8M
- ▍Net margin 0.7%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 4,13 |
| Revenue | —no estimate | —no estimate | 11,9B SEK |
| Operating income | —no estimate | —no estimate | 108,0M SEK |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Ework Group AB Market data — financials · 2026-05-27
- Ework Group AB Market data — analyst estimates · 2026-05-27
- Ework Group AB Market data — ESG · 2026-05-27
Ownership & reference
Leadership
- Karin SchreilPresident, Chief Executive Officer