Swedish staffing company Ogunsen (OGUN B: STO) reported revenue on 8 November for the third quarter ending 30 September 2024 of SEK 102.6 million (€8.8 million), a decrease of 7.0% compared to the year prior.

Kent Sangler, CEO of the company, said in a press release (translated from Swedish), “When we look back at the third quarter, we can state that the demand within the recruitment business was at the same level as the corresponding period last year.”

Sangler added that demand in the consulting business was lower than last year.

“Our performance in filling our assignments is still at the same good level as in previous years,” Sangler said. “We have continued higher sales activity also during the third quarter compared to the previous year. During the beginning of the fourth quarter, we see a demand that is on par with the third quarter.”

Revenues for consulting hire amounted to SEK 94.0 million (€8.1 million), which is a decrease of 8.0% compared to the corresponding period last year. Revenue for the recruitment segment during the third quarter amounted to SEK 8.6 million (€0.7 million), up 5.3% compared to the same period a year ago.

The company also posted revenue for the 9-month period of SEK 349.8 million (€30.25 million), down 8.4% over the prior year.

Ogunsen shares last traded at SEK 31.95 (€2.76), up 5.45% on the day and 6.86% above its 52-week low of SEK 29.90 (€2.59), set on 23 August 2024. The company has a market cap of SEK 298.71 million (€25.8 million).