Knowit: Continued growth in a new structure

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Know it reports higher net sales with a stable result, while the quarter was marked by the integration of Cybercom operations. Know it increases net sales in the quarter to 1 190.9 SEK (661.4) million and generated an EBITA result of 105.4 SEK (58.5) million, adjusted for one-time acquisition costs. Along with the onboarding efforts, emphasis was placed on sales and recruiting new employees.

Market activity was strong during the quarter, with strong underlying demand and positive net recruiting. The increased mobility of the workforce after the pandemic impacted our staff turnover, but also increased the possibilities to recruit new employees for existing and new client assignments.

Solutions is the area of ​​business that has been most affected by integration efforts. It is therefore particularly gratifying to note that the two largest markets, Sweden and Norway, show strong positive development, with strong sales growth during the quarter.

During this quarter, the Experience business area finalized the integration of Creuna, which was acquired in december 2020. The experience increased net sales in the quarter, with high levels of new orders, but profit was affected by increased staff turnover and a need for new hires.

Connectivity, Know that it is new business area after the acquisition of Cybercom, has been well received by customers and employees. The activity has been high, with a number of important assignments in the technology and telecommunications sectors and in the automotive industry, creating strong possibilities for the future.

For the management consulting activities in the Insight business area, the positive development continues with improved profit and a higher margin. The field of security continues to stand out, with very high demand.

“When I summarize the quarter, I can conclude that we have been successful in both staying focused on our business and simultaneously achieving great operational integration, showing that Know it is a player capable of continuing to take market share in a sustainable manner. It makes me proud and creates hope for the future, ”says President Per Wallentin.

For more information on the third quarter results, please consult the interim report appended to this press release.

Know it hereby launches an invitation to a presentation of the interim report for January-September on 22 October 2021 To 10:00 a.m. (CEST). The presentation will be held in English. Link to the presentation: https://tv.streamfabriken.com/knowit-q3-2021

Telephone numbers for the conference call

SE and other EU countries: +46856642695
N °: +47 23500243 NIP: 77918716 #
UK: +443333009270
United States: +16467224957

No prior notification is required. Following the presentation, a recording of the webcast will be available at: https://www.knowit.se/ir/rapporter–presentationer/

This disclosure contains information that Know it is required to make public in accordance with the EU Market Abuse Regulation (EU No 596/2014) and the Swedish Securities Markets Act (2007: 528). The information was submitted for publication, through the agency of President and CEO Per Wallentin, at 07:30 CET on 22 October 2021.

For more information please contact:

Marie Björklund, CFO, +46 (0) 70 1449802 or m[email protected]

Per Wallentin, CEO and President, +46 (0) 73 0746860 or [email protected]

Christina johansson, communications manager, +46 (0) 70 5421734 or [email protected]

On Know it

We are digitalization consultants and a Nordic powerhouse for the digital business models of the future. Our vision is to create a sustainable and human society through digitization and innovation. Know it supports its clients in the digital transformation and stands out from other consulting firms by its decentralized organization and its agile working methods in client missions. Operations are divided into four business areas – Solutions, Experience, Connectivity, and Insight – which offer tailored systems development, digital customer experience, Internet of Things, cloud, cybersecurity and consulting services. in management. The skills of several fields of activity are often combined in client projects.

Know it was founded in 1990 and following the acquisition of Cybercom the July 1, 2021, has around 3,800 employees, mainly in the Nordic countries, but also in Poland and Germany. The merger with Cybercom has created new opportunities to take on larger and more complex assignments, mainly in the industrial, technology and telecommunications sectors. In addition, an even stronger platform is created, from which we offer digital solutions to society’s sustainability challenges.

Knowit AB (publ) has been listed on the stock exchange since 1997 and is currently listed on the Nasdaq OMX Stockholm Mid Cap. For more information on Know it, please visit knowit.eu.

https://news.cision.com/knowit/r/continued-growth-in-a-new-structure,c3437679

https://mb.cision.com/Main/674/3437679/1484525.pdf

https://mb.cision.com/Public/674/3437679/874f36dd6453b53a.pdf

(c) Decision 2021. All rights reserved., source Press Releases – English


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