Interim report Q2 2017

Published 17 Jul 2017

We are continuing to develop Knowit in a positive way and increase the profit and sales for the quarter, with a good margin. Furthermore, we continue to succeed in attracting new employees. During the first six months of the year, we have grown by more than 100 employees.

We are well-positioned toward companies and authorities with digitalization high up on the agenda and toward the talents who want to develop as consultants. Succeeding in the fast transformation requires openness and courage to question the accustomed patterns.

We continue to develop our business in three business fields that jointly offer our clients high value in projects and total solutions. In my view, it is important that they keep up a good pace in developing new, relevant client offerings and ensuring high usage of resources.

In the business field Experience, where we focus on the client journey, we have a continued positive profit development, with increased sales, profit and margin. This success is thanks to long-term sales efforts and streamlining in the past few years combined with a solid pace in recruitment.

Our business field for management consultancy, Insight, is powering ahead and during this quarter we have invested in a new company in Oslo. The new company offers competence from throughout the business field. Recruitments have been successful and we have increased the number of employees. We are seeing growing demand for management consultants with an understanding of technological development, combined with creative thinking.

In our business field for system development, Solutions, we are seeing strong development with increased sales and a profit. The market is demanding consultants who understand client operations and have cutting-edge technical competence. Within Solutions too, we have increased the number of employees, which has a positive effect. Recruitment, combined with our high efficiency in everything from sales to deliveries, reinforces the positive development.

A consultancy firm’s most important competitive advantage is its competent, professional employees.

According to the employer branding company Universum’s latest Nordic survey, Knowit is the most popular Nordic consultancy firm among IT students. Naturally, this is something I am proud of.

This summer, we are offering activities for schoolchildren, such as programming and design courses. These are popular daytime workshops through which we increase interest in technology among youths. Such projects give us a lot of energy as well.

When used correctly, digitalization contributes to a better environment, increased interaction between people and a stronger economy. It is important to me that our work contributes to creating a sustainable society.

For us, it is important to help our clients develop in an increasingly fast-paced world. Thanks to our high strategic capacity, broad technical competence and innovative thinking, we create unique values for clients, employees and shareholders − as well as for society at large.

Per Wallentin CEO and President

Read the interim report.

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