Financial Information

Financial reports
Financial calendar
25
Oct
14:00

Interim Report Q3 2017

2017 Oct 25
7
Feb
8:30

Year-end Report 2017

2018 Feb 07
Financial review
NET SALES AND RESULT, SEK million 2016 2015  2014 2013 2012 2011  2010  2009  2008  2007
Net sales 2,426.2 2,205.6 2,030.7 1,972.9 1,931.2 1,927.7 1,698.4 1,385.3 1,308.3 982.1
Operating result before amortization of intangible assets 211.6 163.9 120.9 114.2 141.3 198.9 176.5 154.2 151.6 101.5
Income after financial items 191.8 116.0 82.5 86.5 107.1 165.4 146.2 131.8 133.9 99.9
Profit margin, % 7.9 5.3 4.1 4.3 5.5 8.9 8.6 9.5 10.2 10.2
Operating margin, % 8.7 7.4 6.0 5.8 7.3 10.7 10.4 11.1 11.6 10.3
Sales growth, % 10.0 8.6 2.9 2.2 3.4 10.0 22.6 5.9 33.2 29.1

 

CAPITAL STRUCTURE, SEK million 31 Dec 2016 31 Dec 2015 31 Dec 2014
31 Dec 2013 31 Dec 2012 31 Dec 2011 31 Dec 2010 31 Dec 2009 31 Dec 2008 31 Dec 2007
Intangible assets 915.7 898.5 952.9 975.2 943.3 952.3 960.9 746.0 724.7 412.4
Other fixed assets 53.6 52.8 42.7 39.1 40.9 41.1 42.0 30.0 32.1 29.3
Current assets 642.3 524.0 555.1 580.7 629.7 579.2 511.9 408.8 398.7 373.7
Assets in disposal groups - - 15.3 - - - - - - -
TOTAL ASSETS 1,611.6 1,475.3 1,566.0 1,595.0 1,613.9 1,572.6 1,514.8 1,184.8 1,173.5 815.4
Equity attributable to Parent Company's shareholders 835.0 738.9 786.7 780.4 849.0 808.8 713.2 558.0 447.2 305.1
Non-controlling interests 9.3 13.3 11.3 6.2 4.4 4.1 3.3 0.0 9.5 28.1
Total equity 844.3 752.2 798.0 786.6 853.4 812.9 716.5 558.0 456.7 333.2
Interest-bearing long-term liabilities 101.1 81.6 93.6 104.4 79.8 125.3 192.7 154.9 205.2 110.7
Other long-term liabilities 34.8 36.2 44.4 53.2 57.3 82.6 75.1 55.5 78.8 61.6
Interest-bearing current liabilities 62.7 138.9 178.7 209.9 167.1 104.3 111.0 61.5 64.7 31.9
Other current liabilities 568.7 466.4 436.4 440.9 456.3 447.5 419.5 354.9 368.1 278.0
Liabilities in disposal groups - - 14.8 - - - - - - -
TOTAL EQUITY AND LIABILITIES 1,611.6 1,475.3 1,566.0 1,595.0 1.613.9 1,572.6 1,514.8 1,184.8 1,173.5 815.4
Equity/assets ratio, % 52.4 51.0 51.0 49.3 52.9 51.7 47.3 47.1 38.9 40.9
Investments in goodwill and other fair value adjustments  - 10.7 5.0 74.5 13.9 18.3 271.5 0.4 350.0 203.3
Investments in machinery and equipment 4.8 12.7 8.2 4.5 8.2 7.9 4.3 2.9

3.3

3.0
Cash flow before investments 193.1 68.5 97.7 106.0 10.0 107.5 140.6 143.7 127.1 102.2
Net cash and cash equivalents -119.0 -213.8 -180.9 -209.9 -145.7 -103.0 -141.9 -85.4 -154.8 -33.6
Capital employed 1,008.1 972.7 1,085.2 1,100.9 1,100.3 1,042.5 1,020.2 774.4 726.5 475.7
 Acid test ratio, x 1.0 0.9 0.9 0.9 1.1 1.0 1.0 1.0 0.9 1.2
Net debt ratio, x 0.1 0.3 0.2 0.3 0.2 0.1 0.2 0.2 0.3 0.1

 

PROFITABILITY 2016 2015  2014 2013 2012 2011 2010 2009 2008 2007
Return on capital, % 13.2 9.0 6.3 6.0 7.6 11.4 11.5 12.0 14.9 15.4
Return on equity, % 18.1 11.9 7.5 6.6 9.7 15.6 16.3 18.5 24.5 24.7
Return on capital employed, % 20.5 13.2 9.3 8.8 11.3 17.1 17.2 18.8 24.6 27.8
EMPLOYEES 2016 2015  2014 2013 2012 2011 2010 2009 2008 2007
Average number of employees 1,737 1,769 1,737 1,681 1,646 1,539 1,376 1,123 1,041 775
Net sales per employee 1.4 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3
Value added per employee 1.0 0.9 0.9 0.8 0.8 0.8 0.9 0.9 0.8 0.8
Result after financial items per employee 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Number of employees at year-end 1,867 1,802 1,788 1,833 1,739 1,670 1,470 1,117 11121 954
Knowit’s share

Knowit’s share is listed on the Nordic Exchange in Stockholm on the Small Cap list. Knowit’s market value increased by over 58 percent during the year, on an exchange where the IT index shrank by 20 percent. The share was traded on all trading days of the year.

Share capital
As of December 31 2016, Knowit’s share capital was SEK 18.9 million, distributed among 18,914,124 shares at a quota value of SEK 1 each. All shares carry the same number of votes and rights to dividends.

Market listing
The share price at the end of the fiscal year was SEK 89.75 (56.50) per share, corresponding to a total market capitalization of SEK 1,697.5 (1,039.0) million. During the year, the share price increased by 58.8 percent, which can be compared to an increase of 5.8 percent for the general index* and an decrease of 20.3 percent for the IT index**. The highest price paid during the year was SEK 96.00 on December 15 2016, while the lowest price was SEK 53.25 on February 9 2016. During the fiscal year, 10.4 (8.8) million Knowit shares were traded on the Stockholm Stock Exchange, or an average of 41,086 (35,201) shares per trading session. The number of shares traded corresponds to 54.9 (47.8) percent of the total shares at year-end. The share was traded on all 253 trading days. The total number of shareholders as per December 31 2016, was 5,875 (5,371).

Dividend policy
For fiscal 2016 the Board of Directors recommends a dividend of SEK 3.75 (3.25) per share.

Data per share
Development of share capital
Ownership distribution
AGM
Analysts

Peter Trigarszky
Senior Analyst, Den Danske Bank
Tel: +46856880557

Anders Hillerborg
Chief Analyst, ABB Sundal Collier
Tel: +46856628684

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