Demand remains muted and the competition is fierce, which slows price development and creates an imbalance in relation to salary development. Even if utilization is now increasing, this is not enough to counteract this imbalance in the short term. However, in the longer term, a continued improvement of utilization is a key to margin improvement and growth.
 
“During the quarter, we have strengthened our strategic base through two important acquisitions. Together, Milso and Insicon make up two pieces in the jigsaw puzzle of our growth strategy. They give us further cutting-edge competence in defense and insurance, areas that are well aligned with client needs and market trends. We see great potential to develop these businesses under the Knowit brand”, says Per Wallentin, CEO and President.
 
The Nordic market continues to develop in different directions. In Norway, Knowit retains a strong position, not least thanks to increased confidence from the public sector. The development in Finland is relatively stable, whereas we face continued challenges in Denmark, driving efforts to improve both structure and profitability. In Sweden, a slight improvement can be seen, with the business area Experience in particular showing a positive development. Our internal streamlining and clearer focus on sales is starting to show results.
 
“We have taken important steps to future-proof our operations this spring. By adjusting structures, developing our offers further, and optimizing our resources, we build a platform for long-term competitiveness,” says Per Wallentin.
 
For more detailed information about the results for the second 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 July18. 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/682b521a75e117000f6ded09/mwty 
 
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/