New record year, increased dividend and high net recruitmentPublished 07 Feb 2018
Knowit increased its profit by 33.2% to SEK 281.8 million in 2017 (EBITA). The trend with increased sales continued for yet another quarter and for the full year increased by 12.7 % to SEK 2,733.5 million. The net number of employees has increased by almost 200 to 2,065 employees as per 31 December. The dividend is increased to SEK 4.75 (3.75) per share.
A fantastic year in the financial aspect was crowned with Knowit being moved to the Nasdaq Mid Cap list as of January.
“The strong growth in both profit and sales is primarily a result of our employees’ ability to contribute to digital solutions that create high client value. The ability to combine various competencies in design, communication, technology and strategy has been a success factor throughout 2017,” says Per Wallentin, CEO.
“The market has continued to be characterized by a high demand for our services and all three of our business fields have developed in a very positive way, with increased sales and high margins. I am especially proud that we have taken on more deals that require deepened collaboration, where we can provide support already at the initial phase of an innovation project,” Per Wallentin continues.
During the year, Knowit has had a net recruitment of around 200 new employees and thus passed 2,000 employees in all, while employee turnover has decreased. Knowit retains its strong attraction in the target group ”Young professionals” and has further reinforced its employer brand.
“It is all our fantastic employees who have contributed to yet another successful year and it feels very good that we have managed to attract so many competent new colleagues. It is particularly gratifying that we are recruiting more women than ever,” says Per Wallentin.
“We believe the next phase of digitization will focus more on the interaction between new technology and humans. In this area, we are well prepared to meet the demand among our clients,” says Per Wallentin in closing.
For detailed information on the results for the fourth quarter, please refer to the year-end report, which can be downloaded here.