Knowit AB (publ) (KNOW) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

My name is Per, and with me is our CFO as well, Marie Björklund. First of all, I would like to take you through some operational highlights during our first quarter. We continue the trend from Q4 with gradual improved utilization rates. Our largest business area solutions continues to show solid performance and lead the way for the rest of the group. We are happy that we've been able to stabilize the development in experience during the quarter. We have a continued focus on sales and client relationships, leading to investing in new interesting and new assignments during the quarter that we have assigned. And we maintain, of course, our focus on cost awareness and efficiency. And that is very important to secure success. a continued positive development in these markets. We can take the next slide, please. Take a closer look into our business areas, starting with solutions. Our largest business area accounting for more than 50% of our total revenue reported net sales of 880 million SEK for the quarter. The margin increased to 9.1%. And we are happy that the utilization rates continue to improve. This is an effect from the organizational work done over the past year. But the geographical differences remain. Norway is a more stable market, but we now see some slow but steady market improvements in Sweden as well. Next slide, please. Our digital agency experience reported net sales of 286 million SEK in the quarter with an EBITDA margin of 6.2%. We still meet challenges, but we are very encouraged over the stabilization of utilization rates that we have seen in the quarter. This is a step in the right direction. We see an increased client interest in Sweden, but from low levels. And the trend continues from the end of last year, which is promising. The plan for how to c...