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Ework Group AB (EWRK) AI Stock Analysis
Ework Group AB
(Nasdaq OMX AB:EWRK)
The score is primarily constrained by declining revenue, earnings pressure, and bearish technical momentum. Strong cash generation, improved leverage, attractive valuation, and constructive AI and strategic developments provide support but do not fully offset the operating and trend-related risks.
Ework Group AB (EWRK) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 876.46M
- Dividend Yield
- 7.89%
- Average Volume (3M)
- 9,923
- Price to Earnings (P/E)
- 16.6
- Beta (1Y)
- 0.28
- Revenue Growth
- -12.06%
- EPS Growth
- -50.75%
- Country
- Sweden
- Employees
- 277
- Sector
- General
- Sector Strength
- 55
- Industry
- Staffing & Employment Services
Ework Group AB Business Overview & Revenue Model
Company Description
Ework Group AB (publ) engages in the provision of total talent solutions for IT/OT, research and development, engineering, and business development in Sweden, Norway, Finland, Germany, Denmark, Poland, the Netherlands, and Slovakia. It offers talent...
How the Company Makes Money
Ework Group makes money primarily by acting as an intermediary in the procurement and delivery of consulting services. When a client needs a consultant for a role or project, Ework sources and matches an independent consultant (from its network and p...
Ework Group AB Earnings Call Summary
The call was mixed but cautiously constructive. Current financial performance remained pressured by lower revenue, consultant volumes, gross profit, and order intake, while the broader market recovery is still uncertain and lead times remain long. However, profitability was resilient, gross margin reached a five-year high, EPS increased by 14%, AI demand and requests grew strongly, and the company reported important customer wins, improving activity, and a finalized strategy focused on future growth.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For 2027-2029, Ework’s strategy prioritizes recapturing volumes, lowering cost to serve, automation in the near term, new AI related and enabled services in the near to medium term, multiple service levels, statement of work, and selectively strengthening its network in engineering, cybersecurity, and multiple AI related fields, particularly in Poland, Germany, and Benelux; volume is our top priority, although that might lead to lower gross margins going forward, while cost discipline will remain and investments will be carefully selected. The full year effect of cost initiatives will be seen in 2027, including SEK 18 million from the reorganization and additional SEK 5 million from reduction in facilities. Over the coming six to 12 months, management expects to move into execution, with primary focus on absolute GP and the ratio between GP and net result; if increased activity continues, it will have a gradual effect, but it is hard to say how fast.
Ework Group AB Financial Statement Overview
Summary
Moderate overall financial quality. Strong cash generation and improved debt-to-equity support the score, but declining revenue, weaker earnings and margins, and a shrinking equity base remain significant weaknesses.
Income Statement
35NegativeBalance Sheet
62PositiveCash Flow
78Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.54B | 13.74B | 15.76B | 17.25B | 16.07B | 13.19B |
| Gross Profit | 152.44M | 122.92M | 340.27M | 365.11M | 425.60M | 322.41M |
| EBITDA | 135.45M | 186.80M | 234.25M | 246.18M | 212.71M | 161.34M |
| Net Income | 53.01M | 76.23M | 138.51M | 129.03M | 139.19M | 97.99M |
Balance Sheet | ||||||
| Total Assets | 2.85B | 3.22B | 3.71B | 4.14B | 4.80B | 3.72B |
| Cash, Cash Equivalents and Short-Term Investments | 29.35M | 60.62M | 127.45M | 131.45M | 332.01M | 154.50M |
| Total Debt | 196.40M | 189.81M | 222.59M | 260.81M | 461.49M | 235.06M |
| Total Liabilities | 2.62B | 2.97B | 3.41B | 3.86B | 4.54B | 3.53B |
| Stockholders Equity | 228.04M | 249.80M | 301.33M | 280.86M | 260.85M | 198.92M |
Cash Flow | ||||||
| Free Cash Flow | 242.56M | 122.79M | 164.77M | 147.08M | 81.79M | 53.21M |
| Operating Cash Flow | 246.63M | 122.80M | 176.13M | 164.03M | 110.35M | 68.30M |
| Investing Cash Flow | -9.85M | -10.81M | -11.21M | -16.95M | -28.56M | -15.09M |
| Financing Cash Flow | -215.94M | -178.37M | -169.55M | -345.74M | 106.17M | -135.48M |
Ework Group AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:EWRK, the sentiment is Negative. The current price of 50.70 is below the 20-day moving average (MA) of 53.43, below the 50-day MA of 55.60, and below the 200-day MA of 62.93, indicating a bearish trend. The MACD of -1.48 indicates Positive momentum. The RSI at 31.12 is Neutral, neither overbought nor oversold. The STOCH value of 30.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:EWRK.
Ework Group AB Peers Comparison
Overall Rating
SE:DEDI72Outperform
SE:PION.B62Neutral- SE:EWRK57Neutral
SE:CALVIK51Neutral
SE:NEPA45Neutral
SE:WISE34Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:DEDI | 72Outperform | SEK 619.52M | 12.30 | ― | 2.82% | 9.56% | 20.95% |
| SE:PION.B | 62Neutral | SEK 336.27M | 18.51 | 13.61% | ― | -2.39% | ― |
| SE:EWRK | 57Neutral | SEK 876.46M | 16.57 | ― | 7.89% | -12.06% | -50.75% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| SE:CALVIK | 51Neutral | SEK 343.32M | 22.83 | ― | ― | 137.45% | 77.59% |
| SE:NEPA | 45Neutral | SEK 61.80M | -8.54 | ― | ― | -8.44% | 80.14% |
| SE:WISE | 34Underperform | SEK 98.89M | -5.33 | -28.66% | ― | -19.48% | 37.71% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:EWRK | Ework Group AB | 50.70 | -37.57 | -42.56% | |
| SE:WISE | Wise Group AB | 11.15 | -2.00 | -15.21% | |
| SE:PION.B | Poolia AB Class B | 6.98 | 1.62 | 30.22% | |
| SE:NEPA | Nepa AB | 7.86 | -7.94 | -50.25% | |
| SE:DEDI | Dedicare AB | 62.00 | 18.48 | 42.48% | |
| SE:CALVIK | Job Solution Sweden Holding AB | 63.00 | 15.90 | 33.76% |
Ework Group AB Corporate Events
Ework Group Maintains Profitability Amid Falling Volumes in Q3 2026
Ework Group AB reported a softer third quarter of 2026, with net sales down 8.0 percent to SEK 2.75 billion and gross profit down 7.3 percent, reflecting fewer professionals on assignment and a weaker order intake. Despite lower volumes, operating pr...
Ework Group Sets Nomination Committee Ahead of 2027 AGM
Ework Group has appointed a Nomination Committee for its Annual General Meeting in 2027, naming Magnus Berglind as chair alongside representatives appointed by Investment AB Arawak and Polhavet AB. The committee will prepare proposals for governance-...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 27, 2026