Financial Information

Financial reports
Financial calendar
15
Jul
13:00

Interim report Q2 2019

2019 Jul 15
23
Oct
8:30

Interim report Q3 2019

2019 Oct 23
6
Feb
8:30

Year-end report 2019

2020 Feb 06
Financial review
NET SALES AND RESULT, SEK million 2018 2017 2016 2015  2014 2013 2012 2011  2010  2009
Net sales 3,083.3 2,733.5 2,426.2 2,205.6 2,030.7 1,972.9 1,931.2 1,927.7 1,698.4 1,385.3
Operating result before amortization of intangible assets 315.1 281.8 211.6 163.9 120.9 114.2 141.3 198.9 176.5 154.2
Income after financial items 303.6 266.7 191.8 116.0 82.5 86.5 107.1 165.4 146.2 131.8
Profit margin, % 9.8 9.8 7.9 5.3 4.1 4.3 5.5 8.9 8.6 9.5
Operating margin, % 10.2 10.3 8.7 7.4 6.0 5.8 7.3 10.7 10.4 11.1
Sales growth, % 12.8 12.7 10.0 8.6 2.9 2.2 3.4 10.0 22.6 5.9

 

CAPITAL STRUCTURE, SEK million 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014
31 Dec 2013 31 Dec 2012 31 Dec 2011 31 Dec 2010 31 Dec 2009
Intangible assets 962.9 921.4 915.7 898.5 952.9 975.2 943.3 952.3 960.9 746.0
Other fixed assets 51.1 51.8 53.6 52.8 42.7 39.1 40.9 41.1 42.0 30.0
Current assets 908.6 816.5 642.3 524.0 555.1 580.7 629.7 579.2 511.9 408.8
Assets in disposal groups - 4.3 - - 15.3 - - - - -
TOTAL ASSETS 1,922.6 1,794.0 1,611.6 1,475.3 1,566.0 1,595.0 1,613.9 1,572.6 1,514.8 1,184.8
Equity attributable to Parent Company's shareholders 1,091.4 938.7 835.0 738.9 786.7 780.4 849.0 808.8 713.2 558.0
Non-controlling interests 14.9 12.5 9.3 13.3 11.3 6.2 4.4 4.1 3.3 0.0
Total equity 1,106.3 951,2 844.3 752.2 798.0 786.6 853.4 812.9 716.5 558.0
Interest-bearing long-term liabilities 79.5 55.0 101.1 81.6 93.6 104.4 79.8 125.3 192.7 154.9
Other long-term liabilities 45.0 39.0 34.8 36.2 44.4 53.2 57.3 82.6 75.1 55.5
Interest-bearing current liabilities 26.8 95.2 62.7 138.9 178.7 209.9 167.1 104.3 111.0 61.5
Other current liabilities 665.0 652.4 568.7 466.4 436.4 440.9 456.3 447.5 419.5 354.9
Liabilities in disposal groups - 1.2 - - 14.8 - - - - -
TOTAL EQUITY AND LIABILITIES 1,922.6 1,794.0 1,611.6 1,475.3 1,566.0 1,595.0 1.613.9 1,572.6 1,514.8 1,184.8
Equity/assets ratio, % 57.5 53.0 52.4 51.0 51.0 49.3 52.9 51.7 47.3 47.1
Investments in goodwill and other fair value adjustments  6.1 7.3 - 10.7 5.0 74.5 13.9 18.3 271.5 0.4
Investments in machinery and equipment 6.1 13.4 4.8 12.7 8.2 4.5 8.2 7.9 4.3 2.9
Cash flow before investments 274.1 196.9 193.1 68.5 97.7 106.0 10.0 107.5 140.6 143.7
Net cash and cash equivalents 88.3 -45.0 -119.0 -213.8 -180.9 -209.9 -145.7 -103.0 -141.9 -85.4
Capital employed 1,212.6 1,102.6 1,008.1 972.7 1,085.2 1,100.9 1,100.3 1,042.5 1,020.2 774.4
 Acid test ratio, x 1.3 1.1 1.0 0.9 0.9 0.9 1.1 1.0 1.0 1.0
Net debt ratio, x -0.1 0.0 0.1 0.3 0.2 0.3 0.2 0.1 0.2 0.2

 

PROFITABILITY 2018 2017 2016 2015  2014 2013 2012 2011 2010 2009
Return on capital, % 16.7 16.2 13.2 9.0 6.3 6.0 7.6 11.4 11.5 12.0
Return on equity, % 22.5 22.5 18.1 11.9 7.5 6.6 9.7 15.6 16.3 18.5
Return on capital employed, % 26.8 26.2 20.5 13.2 9.3 8.8 11.3 17.1 17.2 18.8
EMPLOYEES 2018 2017 2016 2015  2014 2013 2012 2011 2010 2009
Average number of employees 2,032 1,864 1,737 1,769 1,737 1,681 1,646 1,539 1,376 1,123
Net sales per employee 1.5 1.5 1.4 1.2 1.2 1.2 1.2 1.2 1.2 1.2
Value added per employee 1.1 1.1 1.0 0.9 0.9 0.8 0.8 0.8 0.9 0.9
Result after financial items per employee 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Number of employees at year-end 2,260 2,065 1,867 1,802 1,788 1,833 1,739 1,670 1,470 1,117
Knowit’s share

Knowit’s share has been listed on the Nordic Exchange in Stockholm since 1997, and was moved from the Small Cap list to the Mid Cap list in January 2018. Knowit’s market value decreased by 1.2 percent during the year, on an exchange where OMX Nasdaq Stockholm PI decreased by 7.7 percent. The share was traded on all trading days of the year.

Share capital
As of December 30 2018, Knowit’s share capital was SEK 19.3 million, distributed among 19,253,760 shares at a quota value of SEK 1 each. All shares carry the same number of votes and rights to dividends.

Market listing
The share price at the end of the fiscal year was SEK 153.60 (155.50) per share, corresponding to a total market capitalization of SEK 2,952.3 (2,976.1) million. During the year, the share price decreased by 1.2 percent, which can be compared to an decrease of 7.7 percent for OMX Nasdaq Stockholm PI and an increase of 19.6 percent for OMX Nasdaq Stockholm Technology PI. The highest price paid during the year was SEK 196.00 on October 3 2018, while the lowest price was SEK 145.80 on December 27 2018. During the fiscal year, 6.8 (6.8) million Knowit shares were traded on the Stockholm Stock Exchange, or an average of 27,294 (27,190) shares per trading session. The number of shares traded corresponds to 35.5 (35.6) percent of the total shares at year-end. The share was traded on all 250 trading days. The total number of shareholders as per December 28 2018 was 8,466 (6,707).

Dividend policy
The Board has adopted a dividend policy aimed at maintaining or increasing dividends each year. The dividend shall reflect the Board’s view on the expected market development over the next few years.

Dividend
For fiscal 2018 the Board of Directors recommends a dividend of SEK 5.80 (4.75) per share.

Data per share
Development of share capital
Ownership distribution
AGM
Analysts

Daniel Thorsson
Analyst, ABG Sundal Collier
Tel: +46856628682

Erik Elander
Equity & Credit Research, Handelsbanken
Tel: +4687013141

Anton Wester
TMT sectors, Equity Research, Pareto Securities AB
Tel: +4684025266

Press releases

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