<a id="bm-comp-da4e42eb-1a00-42b1-a105-85089a2deb00" name="bm-comp-da4e42eb-1a00-42b1-a105-85089a2deb00" class="BMCustomAnchor"></a><table><tr><td bm-component-id="da4e42eb-1a00-42b1-a105-85089a2deb00" style="vertical-align: top; width:100.000000%;"><ul><li>Karin Schreil, CEO, leaves her position at the end of 2025</li><li>She has implemented significant internal changes since 2021</li><li>Surprising, but undramatic</li></ul></td></tr></table><a id="bm-comp-506dcd79-d344-45d5-8ab5-1b4cb657589f" name="bm-comp-506dcd79-d344-45d5-8ab5-1b4cb657589f" class="BMCustomAnchor"></a><table><tr><td bm-component-id="506dcd79-d344-45d5-8ab5-1b4cb657589f" style="vertical-align: top; width:100.000000%;"><h3 class="bm-h3">CEO informs that she is leaving her position</h3><p>Ework has announced that CEO, Karin Schreil (54 years old), has informed the Board of Directors that she will be leaving her position at the end of 2025. The Board has now commenced the process to find a replacement.</p><p>CoB comments: <em>"During her time as President and CEO, Karin Schreil has further professionalized the company with new structures and systems that make us very well equipped for the future. We would like to extend our warm thanks to Karin for her efforts and wish her the best of luck in future challenges"</em></p><h3 class="bm-h3">Surprising announcement</h3><p>Ms Schreil has been CEO since November 2021. Despite a recent setback largely reflecting a weaker market, earnings have grown well since then (adj. EBIT of SEK 201m in 2024, up from SEK 130m in 2021). The company has also implemented a new operating model and broadened its offering, as well as expanding geographically into Slovakia and Belgium, although its presence in these regions remains low. In light of this, we understand that Ms Schreil feels the timing is right to announce her departure, as significant internal changes have been completed or are close to being finished. Nevertheless, the announcement comes as a surprise, albeit relatively undramatic, as she will remain in her position until the end of the year.</p></td></tr></table><a id="bm-comp-948ebb92-471e-40e9-8089-fa6b1bfe44b8" name="bm-comp-948ebb92-471e-40e9-8089-fa6b1bfe44b8" class="BMCustomAnchor"></a><table><tr><td bm-component-id="948ebb92-471e-40e9-8089-fa6b1bfe44b8" style="vertical-align: top; width:100.000000%;"><table id="bm-img-b4926045-7348-4db7-a1ff-36cc9bf54cad" class="bm-img-table xslt-img-empty xslt-img-include"><tr><td class="xslt-img-caption">Adj. EBIT, SEKm</td></tr><tr><td><img bm-img-encrypt="b4926045-7348-4db7-a1ff-36cc9bf54cad" bm-img-original-height="370" bm-img-original-width="793" bm-img-svg="image:image_upload/88262_b55c83dc-591a-4a4b-aa0d-802d19edde6a.svg" bm-img-width-hint="100%" id="bm-id-b4926045-7348-4db7-a1ff-36cc9bf54cad" src="https://abgsc.bluematrix.com/images/image_upload/88262_b55c83dc-591a-4a4b-aa0d-802d19edde6a_733.png" svg="/nas/web/clients/abgsc/images/image_upload/88262_b55c83dc-591a-4a4b-aa0d-802d19edde6a.svg" width="727" alt="" title="" /></td></tr><tr><td class="xslt-img-source">Source: ABG Sundal Collier, company data</td></tr></table></td></tr></table><a id="bm-comp-f413f0e0-86c0-43cf-b91e-0f4d3d4bcdd7" name="bm-comp-f413f0e0-86c0-43cf-b91e-0f4d3d4bcdd7" class="BMCustomAnchor"></a><table><tr><td bm-component-id="f413f0e0-86c0-43cf-b91e-0f4d3d4bcdd7" style="vertical-align: top; width:100.000000%;"><table id="bm-img-9a1f9021-bf18-46fe-bf96-5b49cb2721ca" class="bm-img-table xslt-img-empty xslt-img-include"><tr><td class="xslt-img-caption">Gross margin</td></tr><tr><td><img bm-img-encrypt="9a1f9021-bf18-46fe-bf96-5b49cb2721ca" bm-img-original-height="446" bm-img-original-width="793" bm-img-svg="image:image_upload/88262_a0b7f098-9aa7-40bf-9a8c-33217178c6d8.svg" bm-img-width-hint="100%" id="bm-id-9a1f9021-bf18-46fe-bf96-5b49cb2721ca" src="https://abgsc.bluematrix.com/images/image_upload/88262_a0b7f098-9aa7-40bf-9a8c-33217178c6d8_733.png" svg="/nas/web/clients/abgsc/images/image_upload/88262_a0b7f098-9aa7-40bf-9a8c-33217178c6d8.svg" width="727" alt="" title="" /></td></tr><tr><td class="xslt-img-source">Source: ABG Sundal Collier, company data</td></tr></table></td></tr></table>