Knowit AB (publ)
STO:KNOW
Knowit AB (publ)
Knowit AB engages in the provision of consulting services focusing on digital and cross-functional solutions. The company is headquartered in Stockholm, Stockholm. The company offers its clients information technology (IT) consulting services, IT solutions and tailored processes. Its offering comprises: Application Management, including activities that guarantee that a solution provides the functions that were ordered; Business and IT Management, reviewing processes, working methods and providing IT support; Decision Support, helping clients to make use of their own information; Systems Development, offering services from architecture and design to test and installation; Technology Management, focused on management, strategic development, product management, project management, architecture, quality assurance, safety engineering and modeling; Test and Quality Management, improving quality assurance through structured competency training for organizations; Web and Collaboration, including services such as Web Content Management; and Knowit Dataunit GmbH, specialized in defense and the manufacturing industry.
Knowit AB engages in the provision of consulting services focusing on digital and cross-functional solutions. The company is headquartered in Stockholm, Stockholm. The company offers its clients information technology (IT) consulting services, IT solutions and tailored processes. Its offering comprises: Application Management, including activities that guarantee that a solution provides the functions that were ordered; Business and IT Management, reviewing processes, working methods and providing IT support; Decision Support, helping clients to make use of their own information; Systems Development, offering services from architecture and design to test and installation; Technology Management, focused on management, strategic development, product management, project management, architecture, quality assurance, safety engineering and modeling; Test and Quality Management, improving quality assurance through structured competency training for organizations; Web and Collaboration, including services such as Web Content Management; and Knowit Dataunit GmbH, specialized in defense and the manufacturing industry.
Revenue Decline: Group sales were approximately SEK 1.6 billion, down about 10% year-over-year, mainly due to lower headcount and ongoing challenging market conditions.
Margins Down: Adjusted EBITA margin fell to 6.6% from 7.7% last year, reflecting weaker demand and the inability to fully offset salary increases with higher billing rates.
Utilization Improving: Utilization rates continued to improve across most business areas, especially in Solutions, while Experience stabilized.
Order Book Growth: The order book increased from Q4, with new agreements signed, but positive effects have not yet fully appeared in reported figures.
Cost Controls: Headcount reductions have stopped, and the company is cautiously shifting to targeted recruitment in growth areas like defense and cybersecurity.
Segment Trends: Solutions saw solid performance; Connectivity struggled with telco demand; Experience stabilized; Insight had mixed results, with defense and cybersecurity strong but traditional consulting weak.
Stable Financial Position: Net debt leverage is at 1.2x, well within the company’s target of not exceeding 2x.
