A strong six months and an exciting beginningPublished 15 Jul 2021
Knowit increased net sales and profit, with a stable margin for the first six months of the year, adjusted for one-off costs connected to the acquisition of Cybercom. Net sales increased by 14.0% to SEK 2,045.1 (1,793.9) million and the adjusted EBITA increased by 19.9% to SEK 201.6 (168.2) million. Through the acquisition of Cybercom, finalized on 1 July, we are taking big steps forward on our growth journey. At the same time, all three business areas – in particular Knowit Insight – delivered increased net sales and improved profit during the quarter.
The market for the operations in the business area Solutions remains strong. We increased net sales with a retained profit, but a somewhat lower margin, as compared with in the corresponding quarter last year. During the quarter, we have invested in new operations in Norway and performed streamlining in Gothenburg.
The business area Experience has, following the acquisition of Creuna, reinforced its position as the leading digital agency in the Nordic region. We continue to increase net sales and profit compared with in the second quarter 2020, and the local operations where Experience and Creuna have formed joint teams are doing very well.
Our offer in management consulting in the business area Insight has continued its positive trend. During the second quarter, net sales and profit were strengthened compared with in the corresponding quarter last year.
In May, the acquisition of Cybercom was announced, in a deal that became final on the first of July. For the past several years, we have seen a development toward more complex client needs, requiring competence throughout the entire value chain: from product development to entirely new customer interfaces and processes. Here, Cybercom supplements Knowit’s offer with more tech-oriented competences and sustainability services at the cutting edge.
“That we have managed to perform the integration of Creuna, the acquisition of Cybercom, and simultaneously delivery of a strong result during the second quarter makes me proud. Now, a new chapter in Knowit’s history begins: creating a more powerful Knowit along with our colleagues at Cybercom. We have come a fair way in the integration itself, with promising results. It is an exciting journey that we have begun together,” says Per Wallentin.
For detailed information on the results for the first six months of the year, please see the Interim Report available on the website.
Invitation to Knowit’s presentation of the Interim Report for January-June 2021 on 15 July 2021 at 10:00 am CEST. The presentation will be held in English. Link to the presentation: https://tv.streamfabriken.com/knowit-q2-2021
Telephone numbers for the conference call
SE and other EU countries: +46850558369
US: +1 6319131422 PIN: 37031817#
No advance notification is necessary. After the presentation, a recording of the webcast will be available at: https://www.knowit.eu/investor-relations/reports--presentations/