Knowit Ab · OMXSTO:KNOW
Knowit Ab — Q2 2023 Earnings Presentation
17 slides from Knowit Ab's earnings presentation, July 2023
Slide 1: Profitability impacted by uncertain market
Interim report January – June 2023 Profitability impacted by uncertain market INVESTOR PRESENTATION / JULY 2023
Slide 2: Today's presenters
Today’s presenters: Per Wallentin Marie Björklund CEO & President CFO INVESTOR PRESENTATION / JULY 2023
Slide 3: Weaker development in an uncertain market
Q2 in brief: Weaker development in an uncertain market ü Trend from 1st quarter with longer sales cycles and clients postponing orders have accelerated in Q2 ü Impact in utilization and thus growth and margins ü Clients still in need of digitalisation projects, but remain in a “wait-and-see” mode ü
Slide 4: Business area: Solutions
Business area: Solutions Nordic market leader in systems development ü Challenged by longer sales cycles and some clients reducing investments ü Utilization rates impacted, primarily in Sweden and Norway ü Planning and implementing measures to reduce costs and increase internal efficiency highly pri
Slide 5: Business area: Experience
Business area: Experience The largest digital agency in the Nordic region ü Strong position within data driven customer experiences ü Stable revenue development in Denmark and Norway, but challenges in Sweden, impacting overall utilization rate ü Work to reduce capacity and overhead costs initiated
Slide 6: Business area: Connectivity
Business area: Connectivity Supporting a connected world ü Market leader in embedded systems develop- ment and secure applications ü Challenged in some sectors, e.g automotive and telecoms industries, while demand in defence sector remain stable ü Successful work to reallocate resources and extend e
Slide 7: Business area: Insight
Business area: Insight Management consultants from strategy to implementation ü Strong offering especially within cybersecurity and digital transformation ü Accelerated challenges to utilize pure manage- ment consultants ü Good demand in defence and energy sectors remain as well as cybersecurity and
Slide 8: Q2 in figures
Q2 in figures INVESTOR PRESENTATION / JULY 2023
Slide 9: The quarter in figures
The quarter in figures 1,758.8 76.8 4.4% Net sales increased Adjusted EBITA decreased The adjusted EBITA margin by 7% (1,644.7 million) compared to last year was 4.4% (8.5) (140.5 million)
Slide 10: The half-year in figures
The half-year in figures 3,729.3 274.9 7.4% Net sales increased Adjusted EBITA decreased The adjusted EBITA margin by 12% (3,340.0 million) compared to last year was 7.4% (10.0) (334.7 million)
Slide 11: Revenues and Adjusted EBITA development
7,223 Revenues and EBITA 6,107 Adjusted development SEK, millions 621 3,630 549 368 1,971 1,576 1,695 1,034 1,645 1,521 1,972 1,759 1,191 181 194 141 179 198 105 98 95 77 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2021 2021 2021 2022 2022 2022 2022 2023 2023 2021 2021 2021 2022 2022 2022
Slide 12: Net debt development
Net debt development SEK, MILLION Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 ü Healthy balance sheet and solid financial position Cash eqvuivalents 365 445 498 639 716 ü Net debt of 1,017 MSEK Used credit facilities 700 600 700 800 550 Future considerations and ü Within the frame of our financial targe
Slide 13: Strong and diversified important in unsecure market
Strong and diversified 4 4 4 important in unsecure 8 39 market 11 15 ü Strong growth in the past years have created 15 a solid and broad platform ü Public sector, the single largest segment with SALES PER CLIENT INDUSTRY 39% of revenues. The increase compared to 2022 APRIL – JUNE 2023 explained by a
Slide 14: Summary and outlook
Summary and outlook ü Longer sales cycles and some clients postponing investments impact utilization and margins in Q2 ü Reallocating resources to sectors with high demand, e.g defence, energy, cyber security ü Prioritizing sales and internal efficiency, reduction of costs and overhead ü Measures to
Slide 15: Q&A
Q&A INVESTOR PRESENTATION / MAY 2023
Slide 16: “A siietama Ne «
“A siietama Ne « and Aumane society" through digitalization andunnovation ayant
Slide 17: Knowit
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