Net sales for the quarter decreased by 9 percent, combined with an adjusted EBITA margin of 7.8 (6.5) percent. Net revenue amounted to SEK 1,492.0 (1,641.9) million, and adjusted EBITA totaled SEK 116.0 (106.6) million.

“The consistent work performed over the past two years has shown clear results. Through focused sales efforts, improved resource planning, and sound cost discipline, we have gradually strengthened our margin, despite the investment climate among many clients remaining hesitant. During the fourth quarter, utilization continued to improve, which is the single most important explanation for our improved profitability,” says Per Wallentin, President and CEO of Knowit.

As of December 31, a goodwill impairment of SEK 399 million has been recognized for the Connectivity business area. The impairment is related to the Cybercom acquisition in 2021, which was completed in a market with significantly higher valuation levels than those prevailing today. The impairment has no impact on cash flow, underlying profitability, or Knowit’s financial strength.

“Knowit is in a strong position, with good financial flexibility. The impairment primarily reflects a changed market environment and the valuations that prevailed at the time of the acquisition. It is a natural and responsible decision that clarifies the value of our assets going forward,” comments Per Wallentin.

After the end of the year, Knowit announced the establishment of the business area Products. The decision is based on a clear shift in the market, where IP-driven product and platform-based solutions are growing, and where the rapid development and adoption of AI mean that Knowit’s traditional consulting services are now complemented by a higher share of packaged solutions. Knowit has long had strong product and platform offerings with proven customer value, recurring revenues, and solid margin development.

“The establishment of Products is a natural next step in Knowit’s development. We see growing market demand for more long-term, platform-based solutions and already have strong offerings that have proven their value to customers. By bringing them together in a dedicated business area, we can work more focused on innovation and commercialization, while creating a stable foundation for profitable growth and clearer financial governance going forward,” concludes Per Wallentin.

From the first quarter of 2026, Knowit will report within five business areas: Solutions, Experience, Connectivity, Insight and Products.

For more detailed information on the results of the fourth 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 Year-end Report today, Friday February 6. 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/695fcea45e748c000f22e8ab/mpart

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/