Slides
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22 OCTOBER 2026 THIRD QUARTER 2026
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THIRD QUARTER 2026 PAGE 2 MEET THE PRESENTERS DANIEL ALMGREN CEO JOHANNA ESTRA CFO
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THIRD QUARTER 2026 PAGE 3 HIGHLIGHTS OF THE THIRD QUARTER From strategy to execution › New strategic direction set for the next three years › Acquisition in Germany gives access to an AÜG licence › More business opportunities, tenders and a larger sales pipeline AI changing skills demand › AI-related demand +134% (R12) › Fastest-growing competence area in our market › More organisations moving from AI exploration to implementation › Increasing demand for future skills and workforce transformation Cautious market, signs of stabilisation › Norway grew and Sweden's decline slowed down › Tetra Pak appoints Ework sole MSP partner in Sweden › Gross margin up to 4.3%, highest in five years 2,751 Net Sales MSEK Q3 in numbers (2,990) 4.3 Gross Margin % (4.2) 27 EBIT MSEK (28) 23 EBIT/Gross Profit % (22) 8,911 # of Consultants Average (10,373) 2,706 Order Intake MSEK (2,970)
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STRATEGICALLY IMPORTANT CONTRACTS AND RENEWALS
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THIRD QUARTER 2026 PAGE 5 SEGMENTS PERFORMANCE Gross profit by market Q3 2026 Gross profit by Industry Q3 2026 Comments › Sweden decline concentrated in private sector, public sector growing › Norway revenue driven by Telecom and public sector › Denmark fewer consultants in assignment, but stronger pipeline › Finland, Poland & Slovakia impacted by ended client contract within Consulting › Belgium developing, establishment in Germany and the Netherlands on plan › Manufacturing, Public and Energy gained most share, whilst Automotive and Consulting declined Public 23.8% (21.4%) Manufacturing 2.,0% (17.5%) Automotive 15.0% (20.3% ) Banking, Finance & Insurance 10.8% (12.8%) Telecom 8.7% (7.2%) Retail 5.1% (4.6%) Tech 4.3% (3.7%) Energy 4.0% (1.6%) Life Science 3.8% (5.2%) Consulting 1.4% (4.4%) Other 1.1% (1.3%) Sweden 6 5.7% (64.2%) Poland & Slovakia 12.4% (13.6%) Norway 11.9% (9.8%) Denmark 6.4% (8.5%) Finland 3.7 % (3 .9%)
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THIRD QUARTER 2026 PAGE 6 AI: From insight to business opportunity AI is reshaping skills demand and creating new opportunities for Ework TALENT SUPPLY MARKET DEMAND AI consultant profiles +11% vs Q2 1 in 6 new profiles have AI skills September strongest month YTD Local AI communities expanding Connect customers with specialist talent Anticipate future capability needs Enable workforce transformation Turn AI ambition into execution EWORK VALUE AI-related demand +134% (R12) Growth accelerating since Q4 2025 AI now the fastest-growing competence area
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THIRD QUARTER 2026 PAGE 7 VOLUMES LOST (TO BE REGAINED) STRATEGY 2027-2029 FINALISED COST-TO-SERVE MUST CHANGE AI CHANGES DELIVERY FIRST… … AND CREATES FUTURE OPTIONS CLIENTS ARE BUYING OUTCOMES STRATEGY MUST BEAT THE CYCLE Market forces shaping our strategic direction Develop the offering Strengthen the expert network Automate & commercialise Deepen customer relationships Strategic priorities
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THIRD QUARTER 2026 PAGE 8 Q3 FINANCIALS KEY FINANCIAL HIGHLIGHTS AND PERFORMANCE DRIVERS
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THIRD QUARTER 2026 PAGE 9 FINANCIAL OVERVIEW THIRD QUARTER Third quarter 2026 › Revenue -8.0% YoY due to lower consultant volumes in all markets except Norway. › Gross profit -7.3% YoY in line with lower revenue, while the gross margin increased to 4.3% (4.2). › EBIT -2.7% YoY due to lower revenue, partially offset by lower costs and depreciation. › Financial net improved YoY to -4.0 MSEK (-6.9), driven by lower interest costs and positive currency effects. › EPS +14.3% YoY to 1.04 SEK (0.91), driven by higher profit for the period. Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Net sales, TSEK 2,750,616 2,989,927 8,903,339 10,101,127 Net sales growth, % -8.0 -7.4 -11.9 -12.9 Gross profit, TSEK 117,497 126,703 369,134 416,979 Gross margin, % 4.3 4.2 4.1 4.1 EBITDA, TSEK 33,118 38,445 88,633 139,251 Operating profit (EBIT), TSEK 26,993 27,731 68,976 106,770 EBIT in relation to gross profit, % 23.0 21.9 18.7 25.6 Net financial items, TSEK -4,001 -6,855 -13,977 -22,715 Profit for the period, TSEK 18,033 15,703 42,645 65,867 Return on equity, % 33.1 26.8 23.8 32.3 Earnings per share before/after dilution, SEK 1.04 0.91 2.47 3.81 Order Intake, MSEK 2,706 2,970 10,766 11,315 Average number of consultants in assignment 8,911 10,373 9,100 10,702
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THIRD QUARTER 2026 PAGE 10 ORDER INTAKE AND KEY DRIVERS Comments › Order intake decreased -8.9% to 2,706 MSEK (2,970). › Finland grew strongly, while Denmark and Poland declined the most. › Poland partly impacted by the expired agreement with a major client. › Demand stabilized somewhat, but geopolitical uncertainty and client cost focus remain. › Both public (−9.5%) and private sector (−7.7%) declined, while Automotive grew 32.8%. › Number of requests up 11.9% vs last year, led by Sweden and Poland. › Average number of consultants on assignment 8,911 (10,373) Definition: Order Intake is the theoretical total revenue for all contracts signed during the period. Each contract is calculated based on hours over the contract duration (without accounting for public holidays, vacation, or sick leave). The order intake includes revenue from consultants only, i.e., not from add-on services. 3955 5038 3054 7897 4873 5771 3606 8895 5082 5492 3028 8327 4483 4924 3204 7643 4203 4142 2970 6584 3693 4367 2706 Q1 Q2 Q3 Q4 O RDE R IN TA KE. QUAR TER (MSEK ) 21 22 23 24 25 2621 22 23 24 25 2621 22 23 24 25 2621 22 23 24 25 26
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THIRD QUARTER 2026 PAGE 11 Q3 NET SALES (MSEK) Q3 EBIT (MSEK) 2990 -330 91 1 2751 0 Net Sales Q3 20 25 Volume (hours) Average rates Add-on Services Exchange rates Net Sales Q3 20 26 0 500 1000 1500 2000 2500 3000 3500 30 -2 28 -12 -3 10 4 1 27 0 27 0 5 10 15 20 25 30 35
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THIRD QUARTER 2026 PAGE 12 OUTLOOK & SUMMARY › Third quarter developed broadly in line with expectations › Higher activity in the market after summer, too early to talk about a broader recovery › Strengthened commercial capacity, focused on converting opportunities into new business › Well positioned to meet growing demand for AI, data and cybersecurity skills › Strategy 2027-2029 finalized, focus now on execution
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THIRD QUARTER 2026 PAGE 13 THANK YOU EWORK GROUP AB (PUBL) Sveavägen 15 | SE-111 57 Stockholm | eworkgroup.com Nasdaq Stockholm: EWORK | Corp. ID No. 556587-8708 investorrelations@eworkgroup.com Financial calendar › Q4 2026 report: 19 February 2027 › Annual Report 2026: 5 April 2027 › Q1 2027 report and AGM: 27 April 2027
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THIRD QUARTER 2026 PAGE 14 APPENDIX
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THIRD QUARTER 2026 PAGE 15 THIS IS EWORK GROUP › Leading Independent Talent Provider in Europe. › Connecting clients with experts in IT, engineering, R&D, digitalization and business development. › Offering comprehensive services with a network of over 240,000 professionals and partners across 50 countries. › Trusted by 500+ clients across Europe. › Number of employees: 270. >240,000 TALENT NETWORK 9 COUNTRY PRESENCE >500 NUMBER OF CLIENTS We connect companies with expertise and talents with opportunities >35,000 NUMBER OF PARTNERS ~10,000 ASSIGNED CONSULTANTS 13,741 NET SALES (MSEK)
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THIRD QUARTER 2026 PAGE 16 Talent Services We help companies & organisations find the external talent they need, whether it's a single specialist or a larger team, without being tied to a fixed supplier base. OUR SERVICES EWORK SOLUTION FOR CLIENTS Project Services We manage our clients ´ entire contingent workforce, ensuring compliance with local regulations and requirements. Managed Service Provider We manage the entire external workforce lifecycle - from sourcing and contracting to onboarding, administration, offboarding and reporting. Value adding services for clients › Strategic Workforce Planning › Talent Advisory › Protective Security Services › Ework Client Hub Value adding services for talents › PayExpress › Ework+
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THIRD QUARTER 2026 PAGE 17 OUR PRESENCE • Currently present in nine countries: Sweden, Norway, Denmark, Finland, Poland, Slovakia, Belgium, the Netherlands and Germany. › The largest and most established market is Sweden. › The establishment of operations in Germany and the Netherlands is progressing as planned. › Global partnerships expand our talent reach to over 50 countries worldwide.