The quarter has been characterized by a strong focus on initiating and implementing cost-reducing measures to deal with a weaker market. The net sales for the quarter increased by 1.5 percent, combined with an adjusted EBITA margin of 4.9 percent. Net sales were
"We have made powerful efforts during the quarter to meet the changing market circumstances. An important priority is to ensure that our operations are adapted for profitability rather than growth. At the same time, it is important that we are agile and use the growth opportunities given. Retaining a strong focus on new sales and close dialogues with clients regarding existing projects has a high priority, both to increase visibility going forward and to maintain prices in an increasingly competitive situation. We are working hard to reallocate our resources and focus efforts on sectors and segments where demand remains strong," says Per Wallentin, CEO and President.
While all Nordic markets are affected by weaker market conditions, the largest challenges have been on the Swedish market during the quarter. This applies particularly to sectors like retail, property, and parts of the public sector. At the same time, demand remains high for defense solutions and in cybersecurity, law, and banking and finance.
"The transition to a sustainable society through innovative solutions for continued digitalization is a key to success.
For more detailed information on the results for the third quarter, please see the interim report available on
Presentation of the interim report
The report will be available at https://www.knowit.eu/financial-information/
The presentation starts at
Link to the audiocast: https://www.investis-live.com/knowit/6513eb176dedf60c00e55edd/hdrt
Telephone numbers to the audiocast:
Other international numbers are available HERE
Pin: 43405119
No advance notification is necessary. After the presentation, a recording of the webcast will be available at https://www.knowit.eu/financial-information/
The information contained herein is such as shall be made public by
For more information, please contact:
Marie Björklund, CFO, +46 (0)70 144 98 02 or marie.bjorklund@knowit.se
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https://news.cision.com/knowit/r/focus-on-change-in-a-challenging-market,c3860825
https://mb.cision.com/Main/674/3860825/2383296.pdf
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