contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Ework Group är verksamt inom rekryterings- och konsultbranschen och fokuserar på att tillhandahålla IT- och managementkonsulter till företag och organisationer. Bolagets tjänster riktar sig till företag som behöver stöd i rekrytering och projektledning, inom både privat och offentlig sektor. Ework Group grundades 2000 och har sitt huvudkontor i Stockholm.

Ework Group

* Market conditions remain challenging, lowering Q4e volumes* We lower '25e-'27e adj. EBIT by 3-6%* 12x-11x '25e-'26e EV/EBIT adj.Automotive is the main culpritWe expect the recent challenging...

* Market conditions remain challenging, lowering Q4e volumes* We lower '25e-'27e adj. EBIT by 3-6%* 12x-11x '25e-'26e EV/EBIT adj.Automotive is the main culpritWe expect the recent challenging market conditions to persist in Q4. In addition to generally subdued volumes and price pressure due to an oversupply of consultants, there are ongoing cost-saving measures in the important automotive end-market (including significant lay-offs at Volvo Cars, which are only starting to take their toll in H2'25), hurting demand further. On a positive note, the public sector and telecoms are starting to show signs of stabilisation, and Q4 is the first quarter with comparable y-o-y figures following the recent portfolio rebalancing. Nonetheless, we expect Q4 sales to drop 13% y-o-y, to SEK 3.6bn. Although gross margins have recently improved nicely (the Q3 metric was the highest since Q2'18), we expect the lower sales volumes to lower earnings, with adj. EBIT down 39% y-o-y, to SEK 33m.We take a more cautious view on the recoveryWith continued negative data points (e.g. PW from NNIT and muted KPIs from the Swedish National Institute of Economic Research), we are taking a more cautious view of the recovery. Consequently, we lower '25e-'27e adj. EBIT by 3-6% because of our slightly lower sales assumptions. Although estimate visibility is currently low, we continue to anticipate negative growth rates in H1'26, with some improvement in H2'26.12x-11x '25e-'26e EV/EBIT adj.The share is trading at 12x-11x '25e-'26e EV/EBIT adj. (vs. peers at 11x-15x), which is largely in line with its 10Y avg. of ~12x. We continue to expect earnings to pick up well once demand returns, but we anticipate subdued earnings growth in the near term due to the challenging market. Furthermore, we are eager to learn about the new financial targets, due in 2026.