I N V E S T O R P R E S E N T A T I O N / J U L Y 2 0 2 3
Today's presenters:
Per Wallentin
Marie Björklund
CEO & President
CFO
I N V E S T O R P R E S E N T A T I O N / J U L Y 2 0 2 3
Q2 in brief:
Weaker development in an uncertain market
Trend from 1st quarter with longer sales cycles and clients postponing orders have accelerated in Q2
Impact in utilization and thus growth and margins
Clients still in need of digitalisation projects, but remain in a "wait-and-see" mode
High focus on sales activities, cost control and internal efficiency in all business areas
Challenge to utilize junior or administrative roles, while technical specialist competence still in demand
Demand in defence, cyber security, AI and legal remain good, where Knowit has a strong position
Business area:
Solutions
Nordic market leader in systems development
Challenged by longer sales cycles and some clients reducing investments
Utilization rates impacted, primarily in Sweden and Norway
Planning and implementing measures to reduce costs and increase internal efficiency highly prioritized
Some improvements towards the end of the quarter
APR-JUN 2023
APR-JUN 2022
APR-JUN 2022
incl. acquisition1)
Sales, SEK, million
961.8
932.7
1,007.2
EBITA, SEK, million
50.3
89.6
90.1
EBITA margin, %
5.2
9.6
8.9
Number of employees
1,720
1,856
at the end of the period
1,892
1) Pertains to the acquisition of Miracle A/S from April to June 2022.
Business area:
Experience
The largest digital agency in the Nordic region
Strong position within data driven customer experiences
Stable revenue development in Denmark and Norway, but challenges in Sweden, impacting overall utilization rate
Work to reduce capacity and overhead costs initiated for future improvements in profitability
Shift in focus from recruitment to sales create opportunities also in a weaker market
APR-JUN 2023
APR-JUN 2022
APR-JUN 2022
incl. acquisition
Sales, SEK, million
395.1
401.5
401.5
EBITA, SEK, million
20.1
38.8
38.8
EBITA margin, %
5.1
9.7
9.7
Number of employees
960
960
at the end of the period
975
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Disclaimer
Knowit AB published this content on 20 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2023 14:16:07 UTC.
Knowit AB is a Sweden-based consultancy company. It 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.
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