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Ework Group AB (publ) publishes Year-End Report, January – December 2020: Continued recovery in the fourth quarter


2021-02-10
We re proud to report a fourth quarter with continued recovery. Thanks to our employees efforts, resolute cost reductions and our digital offering, we really succeeded in spite of the reduced demand in the year.
Extract from CEO Zoran Covics commentary to the Year-end report
Fourth quarter 2020 compared to 2019
· Net sales were SEK 3,238 M (3,543).
· EBIT was SEK 17.2 M (32.1).
· Profit after financial items amounted to SEK 14.2 M (28.3).
· Other operating income, and thus profit, was negatively impacted by SEK 4.3 M after a decision by the Board of Directors to repay covid-related furlough support received.
· Profit was charged with SEK 7.0 M provisioned for the previously reported tax dispute in Norway, after a ruling by the Norwegian Tax Agency against the company. Ework is considering an appeal against this decision. ....

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