Q4 2025 Knowit AB (publ) Earnings Call Transcript
Key Points
- Knowit AB (FRA:KOW) reported improved utilization and margins across all four business areas for the first time since Q1 2022.
- The company has established a new business area focused on products, reflecting a strategic shift to meet market demand for consulting combined with proprietary IP platforms.
- The board proposed a dividend increase of 9% to SEK2.56 per share, indicating confidence in the company's financial position.
- The Solutions business area, which accounts for over 50% of total revenue, reported improved net sales and EBITDA margin, driven by increased demand in Sweden.
- The company has a strong and diverse customer portfolio, reducing dependency on individual customers or markets, which is beneficial in an uncertain market environment.
- Overall sales decreased by 9.1% compared to the previous year, with a 4.3% decline when adjusted for acquisitions, divestments, and FX.
- The average headcount during the quarter was down by 5%, impacting the company's capacity.
- The industry sector remains challenging, with continued price pressure and high competition affecting margins.
- The company recognized a goodwill impairment of SEK399 million related to the acquisition of Cybercom, impacting reported earnings per share.
- Net sales on a rolling 12-month basis have declined, primarily due to a lower average headcount and continued price pressure in the market.
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Hi, thank you, and with me is our CFO as well, Marie Bjoerklund.
First, I would like to take you through some operational highlights during the quarter.
We are happy to see continued improvement in both utilization and margin in all four business areas for the first time since Q1 22.
I see this as a clear result of our hard work over the past two years. The improved profitability is driven by higher utilization, greater efficiency, and proactive sales, and this focus has shaped both the quarter and the full year.
And as you've seen after the period we ended, we made a strategic decision to establish fifth business area products.
This reflects a clear shift in the market with the growing demand for the combination of consulting and our own IP platforms. No, it already has several successful offerings in this area. With this change, I think that we will be able to create a clearer accountability, strengthen our commercial focus, and also provide
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