Continued growth and high demand closes the yearPublished 04 Feb 2022
Knowit is ending the year strongly, with net sales growth of 70.6 percent in the fourth quarter, combined with an adjusted EBITA margin of 11.5 percent. Net sales are SEK 1,575.9 (923.8) million and the EBITA profit, adjusted for acquisition and integration costs, is SEK 181.1 (108.3) million. The Board suggests a dividend of SEK 7.00 per share for 2021. Thanks to high demand for the Company’s services, the conditions for continued strong, sustainable, and profitable growth are at hand.
“I am proud to present a strong end to a year that has, in many ways, been extraordinary for us at Knowit. During the year, we have increased the number of employees by almost 50 percent, thanks to the acquisitions of Cybercom and Capacent and our strong employer brand. At the same time, we have managed to keep a focus on what matters most: developing and improving our clients’ operations,” says Per Wallentin, CEO and President.
Knowit continues to see high activity in sales and deliveries of client projects. All business areas delivered in line with expectations. Our largest business area Solutions grew during the quarter, with retained profit and margin – a show of strength, considering that it is the segment most affected by the integration of the Cybercom operations.
The final quarter of the year was shaped by the continued integration of Cybercom and the establishment of the new business area Connectivity. During the quarter, integration of Capacent into the business area Insight also began.
Knowit’s strategy, to grow both organically and through acquisitions, contributes to a reinforced offer and an increased capacity to satisfy demand for more complex assignments.
“We have a strong year behind us and it is gratifying that the Board is suggesting a dividend of SEK 7.00 per share to the AGM.1) Knowit consists of passionate and skilled employees who jointly contribute to our continued success,” says Per Wallentin.
For more detailed information on the results for the fourth quarter, please see the full year-end report available on the website.
Presentation of the year-end report
Knowit has issued an invitation to a presentation of the year-end report for January–December 2021 on February 4, 2022, at 10 AM CET. The presentation starts at 10:00 am (CET) and will be held in English. Link to the presentation: https://tv.streamfabriken.com/knowit-q4-2021
Telephone numbers for the conference call
SE and other EU countries: +46850558375
NO: +47 23500243
US: +1 6319131422 PIN: 48029913#
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/
1) The Board suggests a dividend of SEK 7.00 (7.00) per share, to be paid out in two instalments of SEK 3.50 each.