The third quarter has been shaped by many exciting client assignments and a continued strong focus on sales, with cost discipline as an important foundation. Positive effects of the goal-oriented efforts that have been ongoing for over two years can now be seen throughout the Group, with higher utilization, stronger profitability, and a clearer focus in the organization. Although the market remains muted, Knowit has improved both its efficiency and its margin during the quarter. Net sales for the quarter decreased by 8 percent, combined with an adjusted EBITA margin of 5.1 percent. Net sales were SEK 1,221.9 (1,326.2) million and the adjusted EBITA profit was SEK 62.5 (57.7) million.
The positive development in Solutions and Experience has remained during the third quarter. Utilization of our consultants continues to improve, with clear growth in both demand and deliveries of projects using AI to drive digitalization and efficiency. Connectivity, which has for a time been affected by lower demand, is also showing clear improvement. The actions we have taken, combined with increased confidence from existing clients, more efficient resource planning, and more active sales efforts, are yielding results.
"Our structured work to actively change and improve our sales efforts means that we are getting new interesting assignments. Our consultants work close to our clients, to jointly develop the digital business models of companies and organizations. In a time of small budgets, dialogue has become increasingly important, to understand the clients' actual needs and provide hands-on solutions that have an impact here and now," says Per Wallentin, CEO and President.
Even if the market as a whole has yet to turn a corner, a positive trend can be seen. With an increased pace in recruitment in important growth areas, Knowit is now taking careful steps towards a return to organic growth.
"We continue to invest in areas where we see long-term growth, such as AI solutions, sustainability-driven innovation, and modern digital platforms. We work actively to implement AI for our clients, where the technology is used to create new business values, more efficient processes, and better decision support," says Per Wallentin.
For more detailed information on the results of the third quarter, please see the interim report available on the website and appended to this press release.
Presentation of the report
Knowit will be holding a presentation of the Interim Report today, Friday October 24. President and CEO Per Wallentin and CFO Marie Björklund comment on the results and answer questions.
The report will be available at https://www.knowit.eu/financial-information/
The presentation starts at 10.00 am (CEST) and will be held in English.
Link to the audiocast: https://www.investis-live.com/knowit/68de671db0ed20000fe04c0b/mpfr
Telephone numbers to the audiocast:
Sweden +46 8 5051 0031
United Kingdom +44 207 107 0613
Other international numbers are available HERE
No advance notification is necessary. After the presentation, a recording of the webcast will be available at https://www.knowit.se/ir/rapporter--presentationer/
Contacts
Annika Billberg, Investor Relations, +46 70 267 9791, annika.billberg@knowit.se
Marie Björklund, CFO Knowit AB, +46 70 144 9802, marie.bjorklund@knowit.se
Christina Johansson, Head of Communications Knowit AB, +46 70 542 1734, christina.johansson@knowit.se
About Knowit
Knowit are digitalization consultants and a Nordic powerhouse for the digital business models of the future. Our vision is to create a sustainable and humane society through digitalization and innovation. Knowit supports its clients in the digital transformation and stands out among other consultancy firms through a decentralized organization and agile work methods in client assignments. The operations are divided into four business areas - Solutions, Experience, Connectivity, and Insight - which offer services in bespoke system development, digital customer experiences, the internet of things, cloud, cybersecurity, and management consultancy. Competences from several business areas are often combined in client projects.
Knowit was founded in 1990 and now has around 3,800 employees, mainly in the Nordic countries, but also in operations in Poland, Serbia, and Germany. Knowit AB (publ) has been listed on the stock market since 1997 and is currently listed on Nasdaq OMX Stockholm Mid Cap. For more information about Knowit, please visit knowit.eu.
This information is information that Knowit is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-10-24 07:30 CEST.