eWork Scandinavia AB reported consolidated and parent earnings results for the first quarter ended March 31, 2012. On consolidated basis, net sales were SEK 869,872,000 against SEK 610,255,000 last year. Total operating income was SEK 869,873,000 against SEK 610,255,000 last year. Operating profit was SEK 13,934,000 against SEK 10,708,000 last year. Profit after financial items was SEK 14,018,000 against SEK 10,629,000 last year. Profit for the period was SEK 10,442,000 against SEK 7,821,000 last year. Comprehensive income was SEK 9,924,000 against SEK 7,521,000 last year. Basic and diluted earnings per share were SEK 0.62 against SEK 0.47 last year. Cash flow from operating activities was SEK 19,406,000 against cash used in operating activities of SEK 436,000 last year. Acquisition of financial assets was SEK 180,000. Return on equity was 8.7% against 8.2% last year. Cash flow from operating activities per share was SEK 1.2. All geographic units contributed to the increase in net sales except Finland where sales were lower than last year due to the downturn in the Finnish telecom market. The improvement in profitability is due to the substantial increase in sales in the first quarter of 2012 compared with the same period last year. On parent basis, net sales were SEK 694,917,000 against SEK 454,294,000 last year. Total operating income was SEK 697,507,000 against SEK 456,425,000 last year. Operating profit was SEK 13,828,000 against SEK 11,027,000 last year. Profit after financial items was SEK 13,610,000 against SEK 10,833,000 last year. Profit for the period was SEK 9,995,000 against SEK 7,946,000 last year. The Board of Directors is of the opinion that eWork is expected to grow more than the market, and report higher sales and improved operating results in 2012 compared with 2011.