Knowit AB (publ)
F:KOW
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Knowit AB (publ)
F:KOW
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Knowit AB (publ)
Knowit AB is a Nordic consulting company that helps businesses and public organizations build and run digital services, software, and IT systems. Its consultants work on areas like system development, cloud and data platforms, user experience, cybersecurity, and management consulting. The company mainly sells project work, advisory services, and long-term outsourcing or support contracts. Its customers are organizations that need help modernizing technology or improving digital operations, especially in industries such as government, finance, manufacturing, telecom, and energy. Knowit makes money by billing for consulting time, project delivery, and managed services. In practice, that means it earns fees for designing, building, and maintaining the systems its clients rely on. What makes Knowit’s business model different is that it sits between pure software vendors and broad generalist consultants. It does not mainly sell a packaged product; instead, it uses technical and business expertise to tailor solutions to each client’s needs. That gives it a role as an implementation partner and trusted adviser in complex digital projects.
Knowit AB is a Nordic consulting company that helps businesses and public organizations build and run digital services, software, and IT systems. Its consultants work on areas like system development, cloud and data platforms, user experience, cybersecurity, and management consulting. The company mainly sells project work, advisory services, and long-term outsourcing or support contracts.
Its customers are organizations that need help modernizing technology or improving digital operations, especially in industries such as government, finance, manufacturing, telecom, and energy. Knowit makes money by billing for consulting time, project delivery, and managed services. In practice, that means it earns fees for designing, building, and maintaining the systems its clients rely on.
What makes Knowit’s business model different is that it sits between pure software vendors and broad generalist consultants. It does not mainly sell a packaged product; instead, it uses technical and business expertise to tailor solutions to each client’s needs. That gives it a role as an implementation partner and trusted adviser in complex digital projects.
Profitability: Knowit said adjusted profitability improved in Q2, with adjusted EBITA rising to SEK 61.5 million and margin expanding to 4.3% despite continued pricing pressure.
Revenue: Group sales were SEK 1.43 billion, down 3.8% year on year, but underlying revenue was close to flat once acquisitions and divestments were excluded.
Demand: Management described the market as mixed, with stronger activity in public sector Sweden and continued solid demand in cybersecurity, defense, ERP, AI, and digital transformation.
Transition: The company booked SEK 38.5 million of CEO transition costs in the quarter as Fredrik Ekerhovd prepares to take over as acting CEO on 1 August.
Efficiency: Utilization improved for the sixth quarter in a row, and management said a 1% increase in utilization would add more than SEK 55 million to annual EBITDA.
Outlook: Management expects Products to improve in the second half, sees continued growth in defense and ERP, and said the focus is shifting from restructuring toward profitable organic growth.
