PRESS RELEASE
Improved utilization and strategic acquisitions
The development during the second quarter matches that during the start of year. The market remains shaped by uncertainty, driven under geopolitical tension and economic cutbacks in several core markets. Still, we are seeing signs of stabilization and Knowit has a continued recovery in utilization level. After a period when we have performed a number of goal-oriented streamlining efforts and structural changes, we are now entering a phase where we also have a focus on creating growth, regardless of the market situation. Net sales during the quarter decreased by 11 pecent, combined with an adjusted EBITA margin of 3.6 percent. Net sales were SEK 1,490.5 (1,681.3) million and the adjusted EBITA profit was SEK 54.0 (94.2) million.
Demand remains muted and the competition is fierce, which slows price development and creates an imbalance in relation to salary development. Even if utilization is now increasing, this is not enough to counteract this imbalance in the short term. However, in the longer term, a continued improvement of utilization is a key to margin improvement and growth.
“During the quarter, we have strengthened our strategic base through two important acquisitions. Together, Milso and Insicon make up two pieces in the jigsaw puzzle of our growth strategy. They give us further cutting-edge competence in defense and insurance, areas that are well aligned with client needs and market trends. We see great potential to develop these businesses under the Knowit brand”, says Per Wallentin, CEO and President.
The Nordic market continues to develop in different directions. In Norway, Knowit retains a strong position, not least thanks to increased confidence from the public sector. The development in Finland is relatively stable, whereas we face continued challenges in Denmark, driving efforts to improve both structure and profitability. In Sweden, a slight improvement can be seen, with the business area Experience in particular showing a positive development. Our internal streamlining and clearer focus on sales is starting to show results.
“We have taken important steps to future-proof our operations this spring. By adjusting structures, developing our offers further, and optimizing our resources, we build a platform for long-term competitiveness,” says Per Wallentin.
For more detailed information about the results for the second quarter, please see the interim report available on the website and appended to this press release.
Presentation of the report
Knowit will be holding a presentation of the Interim Report today, Friday July18. President and CEO Per Wallentin and CFO Marie Björklund comment on the results and answer questions.
The report will be available at https://www.knowit.eu/financial-information/
The presentation starts at 10.00 am (CEST) and will be held in English.
Link to the audiocast:
https://www.investis-live.com/knowit/682b521a75e117000f6ded09/mwty
Telephone numbers to the audiocast:
Sweden +46 8 5051 0031
United Kingdom +44 207 107 0613
Other international numbers are available HERE
No advance notification is necessary. After the presentation, a recording of the webcast will be available at
https://www.knowit.se/ir/rapporter--presentationer/
This information is information that Knowit is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-07-18 07:30 CEST.
Contacts
Annika Billberg
Investor Relations
Marie Björklund
CFO
Christina Johansson
Head of Communications