Knowit AB (FRA:KOW)
€ 15.92 -0.06 (-0.38%) Market Cap: 443.60 Mil Enterprise Value: 519.72 Mil PE Ratio: 25.70 PB Ratio: 1.21 GF Score: 72/100
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Q4 2023 Knowit AB (publ) Earnings Call Transcript

Feb 08, 2024 / 09:00AM GMT
Release Date Price: €13.02 (+5.00%)
Per Wallentin
Knowit AB - President and CEO

Thank you, and warm welcome to this presentation of our report for the fourth quarter 2023. We can take the next slide, please. As you said, my name is Per Wallentin. I'm the CEO of the company. And with me, I also have Marie Björklund, our CFO, who will take you through some numbers later on.

We can take the next slide, please. And first, I would like to take you through some operational highlights during the quarter. As you probably know, the market challenges in Q2 and Q3 remains in Q4 we see longer sales cycles and softer demand in some areas. And during the fall, we have significantly intensified sales efforts, especially in areas with strong demand.

The measures that we have implemented since Q2, 2023, including cost control, reduction of staff and an increased sales focus have a positive effect on the quarter. But just as important, this creates a platform for margin improvement long term, very important.

In the quarter, we see utilization rates stabilizing as an effect of the implemented measures. However, they are still

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