Karnov Group AB (KAR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

During the questions and answers session participants are able to ask questions by dialing pound key five on their telephone keypad. If you are listening to the presentation via webcast, you can ask written questions using the form below. Now I will hand the conference over to CEO Pontus Bodelsen and CFO Magnus Hansen. Please go ahead. Welcome everyone to Carniv Group's earnings conference where we will present the outcome of the third quarter of 2025. Please go to slide two. I'm Pontus Bulusson, president and CEO of the company. With me, I have our CFO, Magnus Hansson, and our head of investor relations, Erik Bergén. Magnus and I will present the outcome of the quarter using a few slides, and then we'll open up for questions. With that said, let's get started with the presentation. Please go to slide three. In Q3, we achieved strong margins improvement with continued traction in sales of AI-supported services. Customers are confirming productivity gains and our AI assistant is becoming a daily collaborator. We are advancing our positions and are now accelerating development of our AI-powered workflow tools. Net sales grew to 654 million SEC in the quarter. The organic growth was 4%. driven by online sales growth, including AI uplifts. The adjusted EBITDA margin improved to 26%, which is an improvement of four percentage points compared to Q3 previous year. Leverage was 2.5 times, well below our financial target. Last week, we divested our EHS business for approximately one billion SEK. I will comment more on that transaction later in this presentation. Please go to slide four. We are pleased with the achieved margins improvement in Q3. Our efforts in Region South are giving the expected returns. The legal landscape is changing as AI is providing new opportunities to...