Knowit AB (FRA:KOW)

Q4 2024 Knowit AB (publ) Earnings Call Transcript

Feb 7, 2025 / 09:00 AM GMT

Release Date Price: €12.2 (+1.67%)

Transcript

Key Points

Positve

Knowit AB (LTS:0GNK) reported a continued positive trend in its largest business area, Solutions, with improved utilization and margins for the third consecutive quarter.
The company outperformed its peers in Finland and observed early signs of improvement in Sweden.
The Norwegian market remains stable, providing a solid foundation for Knowit AB (LTS:0GNK).
Investment in sales capacity has led to new clients and a broader client portfolio, enhancing overall performance.
The company maintains a strong position as a leading digital agency in the Nordics, ready to capitalize on market improvements.

Negative

Knowit AB (LTS:0GNK) experienced a 10% decrease in sales for the quarter, attributed to a negative calendar effect and currency fluctuations.
The digital agency experience business area faced a weak market, resulting in downsizing and cost reductions, impacting profitability.
The adjusted EBITDA margin decreased to 6.5% from 8.1% in the same quarter last year, indicating ongoing market challenges.
The company reduced its workforce by over 400 employees, reflecting a 10% decrease, which contributed to an organic decline in sales.
The market in Denmark and Sweden remains uncertain, posing challenges for future growth and stability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KNOW.ST - Knowit AB (publ)
Q4 2024 Knowit AB (publ) Earnings Call
Feb 07, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you and welcome to notes report quarter and full year 24. My name is Valentin, and with me, is also our CFO Marie Berklund.

Next slide, please.

First, I would like to take you through some operational highlights during the 4th quarter. In our largest business area solutions, we have a continued positive trend in utilization and improved margins for the 3rd quarter in a row. We have a stable delivery in connectivity.

The largest challenges still in our digital agency experience and also to some extent in our management consultancy insight we work with further cost reductions and organizational work in this quarter as well in these units. We outperform our peers in Finland and we now see some early signs

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