Knowit AB (publ) (KNOW) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the NOET Interim Report Q2 2025 conference call. I am Mathilde, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Per Valentin, CAEU. Please go ahead, sir. Thank you and a warm welcome to this presentation of our report for our second quarter. My name is Per Valentin and with me I also have our CFO Marie Björklund. First, I would like to take you through some operational highlights during this quarter. The positive utilization trend continues in solutions, and for the second quarter in a row, we also have a positive utilization development in experience. We are pleased to have announced two acquisitions this quarter. They will support our growth in two important areas, FinTech and defense. And right now, I am at slide number three. The development continues to differ between countries. Norway is fairly solid, and we see improvement in Sweden. Finland and Denmark are smaller markets, but we still have larger challenges due to weak demand, and we need to further optimize our organization. The competition is still intense and we have challenging balancing prices against salaries. Long term, the ability to improve utilization rates have higher potential than the possible negative impact from our negative yield. But of course, that's the situation right now. We remain cautious in recruitment activities, but we continue to recruit in areas of growth and we ...