Sweden · Delayed Price · Currency is SEK Knowit AB Earnings Call Transcripts
Fiscal Year 2026
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Adjusted profitability and margins improved year-over-year, driven by higher utilization and operational efficiency, despite a 3.8% revenue decline. AI, defense, and cybersecurity remain growth areas, with Products and Experience segments showing strong performance. CEO transition and continued investment in AI mark a strategic shift.
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Sales declined 9% year-over-year to SEK 1.4 billion, with EBITDA margin at 5.8% and SEK 18 million in restructuring costs. Utilization and margins improved in key segments, while AI-driven transformation and a CEO transition are set to shape future growth.
Fiscal Year 2025
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Improved utilization and margins across all business areas led to higher adjusted EBITDA, despite a 9.6% full-year sales decline. A new Products business area is being launched to drive growth, and a 9% higher dividend is proposed.
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Utilization and margins improved across major segments, with group sales down 8% but adjusted EBITDA rising to SEK 62.5 million. Public sector revenue grew, especially in Norway, while Insight faced ongoing challenges. Leverage remains low at 1.2.
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Q2 2025 saw sales decline 11.3% year-over-year, with adjusted EBITDA margin dropping to 3.6%. Utilization rates improved but remain below target, while acquisitions in fintech and defense support future growth. Price pressure and market uncertainty persist, but the balance sheet remains strong.
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Sales declined 10% year-over-year to SEK 1.6 billion, with adjusted EBITDA margin dropping to 6.6%. Utilization rates improved, especially in Solutions, while headcount reductions slowed and recruitment is now focused on growth areas like defense and cybersecurity.
Fiscal Year 2024
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Sales and EBITDA declined year-over-year due to market softness and capacity reductions, but early signs of improvement are seen in Sweden and retail. Solutions segment utilization and margins improved, while Experience and Insight remain challenged. Dividend proposed at 2.3 SEK per share.
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Q3 2024 saw a 14% revenue decline year-over-year, but Solutions and Connectivity showed improving utilization and margins. Cost reductions and efficiency measures are stabilizing results, though market uncertainty and price pressure persist.
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Stabilization continued in Q2 2024, with improved adjusted EBITDA and ongoing cost reductions, though market conditions—especially in Sweden—remain challenging. Segment performance varied, with Solutions and Connectivity showing margin improvements, while Experience and Insight faced ongoing pressure.