Ogunsen (OGUN) investor relations material

Executive summary

• Net sales decreased by 1.8% year-over-year to 114.8 MSEK, mainly due to lower average hourly rates despite higher consultant demand.

• EBIT rose to 6.1 MSEK from 3.8 MSEK, with an improved operating margin of 5.3% compared to 3.2% last year.

• Net income after tax increased to 4.7 MSEK from 2.9 MSEK year-over-year.

• Earnings per share rose to 0.44 SEK from 0.27 SEK.

• Cash flow from operating activities improved significantly to 8.6 MSEK from 3.4 MSEK.

Financial highlights

• Revenue: 114.8 MSEK, down 1.8% year-over-year.

• EBIT: 6.1 MSEK, up 61.8% year-over-year; operating margin 5.3%.

• Net income: 4.7 MSEK, up 62.5% year-over-year.

• Cash flow from operations: 8.6 MSEK, up 150.2% year-over-year.

• Investments in fixed assets: 0.7 MSEK.

Outlook and guidance

• Consultant demand increased slightly year-over-year, with more consultants on assignment.

• Recruitment segment demand was lower, resulting in continued negative growth for that segment.

• Early Q2 shows improved demand in recruitment and stable consultant demand.

• Ongoing efficiency improvements and automation initiatives are expected to support growth and profitability.