Consultancy broker

eWork

Ework is a consultancy broker that aims to help companies find the right person for the right project. The company’s core is its database, consisting of more than 100,000 consultants. These consultants are not employed by Ework, instead, the company’s objective is to link them to the optimal project. This saves administration, increases effectiveness and saves time for both partners. Ework generates its revenues by taking a cut of the contract’s total sum. The business is conducted in five different countries, whereas the primary market is Sweden.

Financials

EWORK

SEKm 2018 2019 2020
Sales 11065 12621 13997
Sales growth (%) 16,4 14,1 10,9
EBITDA 113 164 N/A
EBITDA margin (%) 1,1 1 1,3
EBIT adj 106 107 156
EBIT adj margin (%) 1,1 1 1,2
Pretax profit 102 149 174
EPS rep 4,51 6,64 7,78
EPS growth (%) -3 47,2 17,2
EPS adj 4,51 6,64 7,78
DPS 4,75 5,25 5,75
EV/EBITDA (x) 14,1 9,5 8
EV/EBIT adj (x) 14,9 10 8,4
P/E (x) 17,8 12,1 10,3
P/E adj (x) 17,8 12,1 10,3
EV/sales (x) 0,1 0,1 0,1
FCF yield (%) 1,5 8,5 8,1
Dividend yield (%) 5,9 6,6 7,2
Net IB debt/EBITDA 1,8 1 0,8

Main shareholders

eWork

Main shareholders Share capital % Voting shares % Verified
Staffan Salén 26.6 % 26.6 % 31 Dec 2018
Avanza Pension 17.9 % 17.9 % 31 Dec 2018
Magnus Berglind 16.6 % 16.6 % 31 Dec 2013
Investment AB Öresund 10.6 % 10.6 % 31 Dec 2018
Protector Forsikring ASA 7.0 % 7.0 % 31 Dec 2018
Katarina Salén 2.7 % 2.7 % 31 Dec 2018
Patrik Salén 2.3 % 2.3 % 31 Dec 2018
Jan Pettersson 2.1 % 2.1 % 31 Mar 2017
Elementa Management 2.0 % 2.0 % 31 Dec 2018
Erik Åfors 1.6 % 1.6 % 31 Dec 2018
Source: Holdings by Modular Finance AB

Insider list

eWork

Name
Peter Lundahl
Jesper Vraa Hendriksen
Mikael Subotowicz
Mikael Subotowicz
Mikael Subotowicz
Mikael Subotowicz
Mikael Subotowicz
Peter Lundahl
Peter Lundahl
Jesper Vraa Hendriksen
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