Kvartalsrapport Q1 2026

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===== SIDA 1 =====

Operational improvement in an 
uncertain environment
Interim report for Knowit AB
J A N U A R Y  –  M A R C H  2 0 2 6 
Net sales decreased by 9.0 percent to SEK 1,449.9 (1,593.6) million
The EBITA result was SEK 83.9 (104.5) million
The EBITA margin was 5.8 (6.6) percent
Results after taxes were SEK 30.7 (39.5) million
Earnings per share were SEK 1.10 (1.40) before dilution and 1.10 (1.40) after dilution 
Cash flow from operating activities increased to SEK 100.2 (36.1) million
The information contained herein is such as shall be made public by Knowit AB (publ) in accordance with the EU Market Abuse Regulation.
The information was made public through the agency of CEO and President Per Wallentin, at 7:30 CEST on April 29, 2026.

===== SIDA 2 =====

Restructuring creates stable 
foundation
We start off the year with a continued gradual improvement in our operations. 
Utilization is strengthened further compared with the first quarter last year and the 
trend is persistent. This is a result of consistent work to strengthen client dialogues, improve resource 
planning, and increase efficiency. Still, the market remains challenging and has not yet shifted upward to 
any broader extent. We continue to adapt our competence base to changing client needs, a transition 
which affects results in the short term, but strengthens our long-term competitiveness.
The geopolitical uncertainty has increased yet 
again during the quarter, It is currently too 
soon to fully assess what long-term effects this 
will have among our clients, but we can 
conclude that the will to invest remains 
hesitant within several of our client segments. 
The quarter’s net sales were SEK 1,449.9 
(1,593.6) million, with an EBITA margin of 
5.8 percent.
Improved utilization with varying 
market conditions
Overall, our business areas’ underlying 
operations have developed stably during the 
quarter, despite continuing selectivity and 
hesitance in the market. Our largest business 
area, Solutions, remains the engine driving the 
positive trend. The gradual recovery in 
Sweden contributes to improved utilization, 
which has positive effects on both efficiency 
and profitability. At the same time, we retain a 
clear focus on further optimizing utilization, 
increasing sales per employee, and ensuring 
that our capacity targets the areas where 
demand is strongest.
A central part of this work is increasing 
collaboration within the Group. By making 
greater use of Knowit’s collective expertise 
and combining competencies across 
business areas, we create better conditions 
for meeting clients’ needs, while also driving 
long-term sustainable growth. This is a 
prioritized strategic initiative that permeates 
the entire operation.
Competition on the market remains fierce and 
the possibilities to raise prices in step with our 
increased costs are limited. This creates 
increased demands on efficiency, differentiation, 
and clear client value in our offers.
The work of strengthening our market position 
through intensified market sales efforts and 
closer client dialogues continues. 
Together with ongoing adaption of our 
competence base, this means that we can act 
more precisely in a market where demand 
varies between segments. At the same time, 
we see continued high activity in some areas, 
not least related to security and infrastructure 
that is critical to society, where our offers are 
well-positioned.
After the end of the year, we have established 
the business area Products, as a step in 
further strengthening our offer in scalable and 
tech-driven product- and platform-based 
services. The interest in this type of solution, 
not least at the interface with AI, and the area 
as a whole are important parts in our ambition 
to position Knowit for future profitable growth. 
AI as a catalyst of change 
We see continued  structural change in the 
market, with AI playing an increasingly large 
role. For Knowit, this means significant 
possibilities. We are working actively to 
integrate AI into our deliveries and create 
increased client value, while also streamlining 
our internal work methods. Our ambition is to 
help our clients become more data-driven, 
innovative, and digital, with AI being a central 
enabler. At the beginning of the year, we have 
further strengthened our collaboration with 
our most important partners, which is a 
prerequisite for meeting more complex 
customer needs.
We continue to adapt our competence base 
to meet changed client needs in the wake of AI 
developments. This change means increased 
restructuring costs in the quarter. We 
strengthen our position in growth areas, such 
as ERP solutions and data analytics. This 
transition has burdened the quarter, but is an 
important investment to ensure our long-term 
competitiveness.
"A central part of our transformation is to 
increase collaboration with both partners 
and within the Group. By leveraging our 
collective expertise and combining 
competencies across business areas, we 
strengthen our ability to meet customers' 
changing needs while driving long-term 
growth.
Stable foundation for 
continued development
In summary, we start off the year with stable 
operative development and continued 
improvement in utilization, while the market is 
shaped by uncertainty. We continue to adapt 
operations to existing conditions and invest in 
the areas where we see the largest future 
potential. Our focus remains: strengthening 
profitability, developing our offer, and creating 
long-term value for our clients, shareholders, 
and employees.
Per Wallentin
CEO and President
Comments from the CEO
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   2

===== SIDA 3 =====

January – March 2026
KNOWIT  HAS BEEN NAMED  Microsoft AI Business partner of the year. The award is given “for outstanding 
performance and excellence within AI Business Solutions” and highlights partners that stand out through high 
competence, innovation, and proven client value.
THE DEFENCE MATERIEL ADMINISTRATION (FMV) HAS  chosen to extend its existing framework agreement with 
Knowit in marine management systems. The extension means that Knowit will continue its work for FMV for 
another two years. 
KNOWIT  HAS established a new business area, Products, with the goal of accelerating growth in product- and 
platform-based consultancy services and strengthening the Company’s position on a fast-growing market for IP-
based solutions. 
KNOWIT  HAS established a new offer in business systems in Sweden to meet an increased need for consultancy 
and implementation of modern business systems and ERP platforms that constitute the digital core of operations.
KNOWIT HAS , together with Swedish Fire and Safety Certification (SBSC) and Týr Cyber Defense, launched 
Certified Expert Security Protection (CES).
KNOWIT  WAS NAMED  the winner of the Nordic AWS Regional Partner Award 2025.
KNOWIT HAS BEEN AWARDED  the Microsoft Support Services Designation, recognition from Microsoft granted to 
partners with a documented ability to deliver high-quality support to CSP clients in Microsoft’s products and solutions. 
OLOF CATO is suggested as the new Chairman of the Board of Knowit AB. The current Chairman of the Board, 
Per Sjöstrand, has declined re-election. 
Events during the quarter
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6     3

===== SIDA 4 =====

Net sales, SEK, millions
1,766
1,681
1,326
1,642
1,594
1,491
1,222
1,492
1 ,4 50
6,893
6,243
5,654
Net sales, quarterly data
Rolling 12 months
Q1 
24
Q2 
24
Q3 
24
Q4 
24
Q1 
25
Q2 
25
Q3 
25
Q4 
25
Q1 
26
Adjusted EBITA profit, SEK, millions
136
94
58
107
105
54
62
116
84
435
363
316
Adjusted EBITA profit, SEK, millions
Rolling 12 months
Q1 
24
Q2 
24
Q3 
24
Q4 
24
Q1 
25
Q2 
25
Q3 
25
Q4 
25
Q1 
26
January – March 2026
Net sales for the quarter were SEK 1,449.9 (1,593.6) million. Exchange rate developments had a negative effect of SEK -31.9 (-13.6) million on net 
sales. Earnings before amortization of intangible assets (EBITA) were SEK 83.9 (104.5) million. Normal working hours for the quarter totaled 482 
(485). The change in hourly rates compared with last year does not compensate for increased salaries. The focus on continuous cost savings and 
streamlining remains. The work with adapting the organization to a changed demand has affected the results this quarter with restructuring costs  
of SEK 18 million in connection with employment terminations. Cash flow from operating activities increased to SEK 100.2 (36.1) million, where the 
change in operating capital contributed with SEK 50.3 (-55.9) million. The change compared with last year is explained mainly by increased 
operating receivables and increased operating liabilities.  
In the following table, the financial history including acquisitions and excluding disposals is presented,
for comparable periods, to assist readers in following the development.
Sales 1,449.9 1,593.6
   Sales, acquisitions 1) 20.8
   Sales, disposal 2) -62.0
   Sales, incl. acquisitions and disposal 1,449.9 1,552.4
   Sales, change incl. acquisitions and disposal, % -6.6   
      of which is exchange rate effect, % -2.1   
S E K  ,  M I L L I O N S January – March 2026 January – March 2025
1) Adjustments pertain to addition of net sales in Milso AB and Insicon AB for the period January-March 2025.
2) Adjustments pertain to subtraction of net sales in Knowit Consulting Services A/S for the period January-March 2025.
EBITA  83.9  104.5 
EBITA margin, %  5.8  6.6 
Cash flow from operating activities  100.2  36.1 
Intangible assets  3,702.7  4,201.1 
Number of employees at the end of the period 3,652 3,772
Normal working hours 482 485
S E K  ,  M I L L I O N S January – March 2026 January – March 2025
The quarter in brief
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   4

===== SIDA 5 =====

With eyes fixed on future tech
At Knowit, we see new and innovative technology as the most important tool for increase costumer value and 
contributing to a more sustainable future. Through leading expertise in data and artificial intelligence, combined with 
capabilities in technology, design, and strategy, we create solutions that address today’s needs and strengthen 
competitiveness for the future. With teams in Sweden, Norway, Finland, Denmark, Poland, Germany, and Serbia, we 
work close to our clients and offer client-tailored, agile solutions. This has given us a strong position in the Nordic 
region and an opportunity to broadly contribute to societal development.
Five business areas – one common goal
Knowit’s operations are organized in 
five business areas, adapted to clients’ 
differing needs.
Solutions collaborates with IT and operative 
departments to develop systems that support 
the business models, both for the needs today 
and for the future. With the latest technology, 
like AI and the cloud, we enable data-driven 
insights and long-term development.
Experience focuses on market and sales 
departments with solutions for data-driven 
customer experiences, digital design, and e-
commerce that strengthen brands and 
customer relations.
Connectivity works close to R&D departments 
to integrate advanced technology. Here, we 
find cutting-edge expertise in embedded 
systems, cloud applications, and IoT.
Insight is aimed at executive teams and 
gives support in strategy, organization, ERP 
systems, cybersecurity, and legal matters.
Products develops IP-based product and 
platform solutions for a growing, AI-driven 
market. With a delivery where we combine 
consultancy services with these solutions, we 
create scalable and tailored solutions for the 
public and private sectors.
The structure with our different business areas 
means that we can offer holistic solutions and 
take on complex challenges in any sector.
A key player in digital transformation
Digital transformation is at the heart of what 
we do. Our work is about creating a more 
digitalized and sustainable future for 
companies and organizations in a rapidly 
changing world. 
By integrating new technology, such as 
generative AI, into the solutions that we 
develop, we are strengthening our clients’ 
competitiveness. Our strength lies in cross-
functional expertise in tech, leadership, 
security, and design. Through close 
collaborations and a Nordic perspective, we 
create the solutions that make a difference, 
today and in the future.
Versatility and strong client relationships
Knowit works with clients in many different 
sectors. Our largest client group is in the 
public sector, which provides a significant 
share of our net sales. Other important sectors 
include retail, industry, and finance, where our 
solutions contribute to increased efficiency 
and new business opportunities. One sector 
that has grown significantly in the last year is 
defense, where we see a strong growth going 
forward as well.
This broad client base gives us a strong 
platform to stand on, while also challenging us 
to continuously develop our offers to meet 
differing needs. 
A focus on technology and sustainability
Sustainability is an integrated part of our 
strategy. We use digitalization to drive the 
transition to a more sustainable society. We 
strive to be a role model in sustainable 
business by creating long-term value for our 
clients, employees, and society. With technical 
solutions and advisory services, we help 
clients decrease their environmental impact 
and strengthen their social accountability. 
Our goal is not to simply adapt to a changing 
world, but to actively take part in shaping it.
An attractive employer
We are a value-driven organization, where 
commitment and meaning are at the center. 
Our promise, “Makers of a sustainable future,” 
gives our employees a clear direction. Knowit 
is often listed among the most attractive 
employers in the Nordic region, an important 
factor for attracting and retaining talent. 
Through investments in further education, 
for instance in defense and digital innovation, 
we safeguard the competence of the future.
Market and operations
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   5 
g Sweden  45 % (42)
g Norway  32 % (30)
g Finland  11 % (11)
g Denmark  8 % (13)
g Poland  4 % (3)
Other  0 % (0)
g Solutions  49 % (54)
g Experience  19 % (18)
g Connectivity  10 % (9)
g Insight  15 % (14)
g Products  7 % (5)
g Public sector  41 % (36)
g Retail and service companies  16 % (18)
g Industry  13 % (15)
g Banking, finance, and insurance  9 % (9)
g Defense  6 % (4)
g Media, education, and gaming  5 % (6)
g Telecommunications  5 % (5)
g Energy  3 % (3)
g Other  2 % (4)
Sales per client industry, January – March 2026
Sales per country, January – March 2026 Sales per business area, January – March 2026

===== SIDA 6 =====

Solutions
Jan–Mar 
2026
Jan–Mar 
2025 ¹)
Jan–Mar 
2025 ¹) incl. 
acquisition
and excl. 
disposal ²)
Sales, SEK, 
million  716.7  862.3  800.3 
EBITA, SEK, 
million  66.8  79.8  76.0 
EBITA margin, %  9.3  9.3  9.5 
Number of 
employees  1,508  1,623  1,611 
1) Comparative figures have been updated for 2025 
following the formation of the new business area. 
2) Adjustments pertain to the disposal of Knowit 
Consulting Services A/S.
Solutions is Knowit’s largest business area, 
with operations on all of Knowit’s home 
markets in the Nordic region. With around 
  1 , 5 0 0  c o n s u l t a n t s ,  w e  h a v e  b r o a d  a n d  d e e p  
competence in every link of the system 
development chain, from needs and 
architecture to development, testing, security, 
and implementation. We mainly create 
bespoke solutions in close interaction with 
each client and in step with new technology 
and changed business logics.
We have a strong position in the public sector, 
where we develop modern and sustainable 
solutions with high security and accessibility. 
In banking and finance, we collaborate with 
both established entities and disruptors, while 
the focus in retail and e-commerce is on 
smooth payment flows, efficient warehouse 
solutions, and tailored customer experiences. 
Often with AI and machine learning as drivers. 
In the manufacturing sector, we develop 
advanced, cloud-based solutions for 
managing large volumes of data, often in long-
term collaborations.
Our deliveries are increasingly provided by 
agile, cross-functional teams, close to the 
client’s organization. This gives us the 
opportunity to adapt quickly and ensure that 
the solutions really make a difference – both in 
the day-to-day and in the longer term. With a 
focus on quality, security, and value, Solutions 
is a central part of Knowit’s offer.
Comments from the Head of Solutions  
Solutions delivers continued high utilization 
and stable margin development. The quarter 
is also shaped by challenges to increase 
prices enough to compensate for higher costs. 
Focus is on protecting the margin through 
cost control and organizational adaption. At 
the same time, there are positive signs in the 
form of high utilization in some segments and 
improved development towards the end of 
the quarter.
"We continue the trend with a higher 
utilization rate in several markets, and are 
seeing a positive development towards the 
end of the quarter with increased sales 
among existing customers. AI is now 
included to a significantly greater extent in 
our deliveries, and demand in areas like data 
analytics and cloud services continues to 
increase.
Fredrik Ekerhovd
Head of Solutions
Experience
Jan–Mar 
2026
Jan–Mar 
2025 ¹)
Jan–Mar 
2025 ¹) incl. 
acquisition
and excl. 
disposal ²)
Sales, SEK, 
million  276.1  286.1  286.1 
EBITA, SEK, 
million  17.3  17.7  17.7 
EBITA margin, %  6.3  6.2  6.2 
Number of 
employees  726  775  775 
1) Comparative figures have been updated for 2025 
following the formation of the new business area. 
2) No acquisitions during the period.
Experience is one of the leading digital 
agencies in the Nordic region, gathering 
around 730 specialists at the interface 
between technology, communication, and 
business. We take full responsibility for the 
digital customer experience and help 
companies and organizations strengthen 
brands, increase sales, and improve access to 
societal services, with clear, measurable 
results. We start from insights and build 
solutions with tech and creativity, regardless 
of if this involves e-commerce, digital services, 
or brand development. 
We work close to our clients in long-term 
relationships and partnerships, as well as in 
delimited projects, with a focus on solutions 
that create greater business value. Experience 
has a strong position in the public sector, 
where we develop inclusive and accessible 
digital solutions for citizens.
Comments from the Head of Experience 
Experience has had a good development, 
particularly in Sweden, where both growth 
and profitability are at high levels. At the same 
time, we are taking targeted actions in other 
markets to strengthen the development 
further and meet changing client needs over 
time. These actions have a negative impact on 
the margin.
"We are developing very positively in Sweden 
right now, where our efforts in sales and 
efficiency are showing clear effects. At the 
same time, we are evolving our offering 
toward a more advisory role, where we 
increasingly support clients in leveraging AI 
as a driver of digital transformation. This 
creates both stronger client relationships 
and new business opportunities. 
Kenneth Gvein
Head of Experience
Market and operations
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   6

===== SIDA 7 =====

Connectivity
Jan–Mar 
2026
Jan–Mar 
2025 ¹)
Jan–Mar 
2025 ¹) incl. 
acquisition
and excl. 
disposal ²)
Sales, SEK, 
million  145.3  148.8  148.8 
EBITA, SEK, 
million  7.8  6.8  6.8 
EBITA margin, %  5.4  4.6  4.6 
Number of 
employees  549  568  568 
1) Comparative figures have been updated for 2025 
following the formation of the new business area. 
2) No acquisitions during the period.
Connectivity unites technical expertise with 
business value. Here, we have around 550 
consultants in Sweden and Poland, with a 
smaller team in Germany. We work with 
everything from embedded systems and 
advanced product development to cloud 
platforms and cybersecurity, often in close 
collaboration with clients in telecommunications 
and the vehicle industry.
We have a strong position in 5G, which along 
with AI facilitates new ways of working, 
producing, and interacting, with a focus on 
energy efficiency and sustainability, and 
adaption to future needs. 
Connectivity is a strategic partner for 
companies that want to be at the cutting edge 
of tech. Our tasks are often about building the 
intelligent, connected systems that will soon 
be a natural part of both business and 
everyday life, while also contributing to a more 
resource-efficient society.
Comments from the Head of Connectivity 
The quarter is shaped by a stable delivery and 
sound utilization, while external factors create 
short-term challenges in a rough market. The 
focus is on strengthening the margin and 
creating opportunities for future growth, 
where both broadening the client base and 
new offerings play important roles.
"We have a stable foundation in our 
operations, with sound utilization and strong 
delivery, but short-term impact from 
changes made by some clients. Still, we see 
clear opportunities going forward, not least 
from developing our work methods, scaling 
up with AI, and using our international 
delivery model to create growth.
Lennart Waldenström
Head of Connectivity
Insight
Jan–Mar 
2026
Jan–Mar 
2025 ¹)
Jan–Mar 
2025 ¹) incl. 
acquisition
and excl. 
disposal ²)
Sales, SEK, 
million  226.0  227.9  237.8 
EBITA, SEK, 
million  3.9  13.4  15.9 
EBITA margin, %  1.7  5.9  6.7 
Number of 
employees  538  538  559 
1) Comparative figures have been updated for 2025 
following the formation of the new business area. 
2) Adjustments pertain to the acquisition of Milso AB.
Insight helps companies and organizations 
navigate complex transformation projects, 
with a holistic view of operations, tech, and 
people. We guide our clients from strategy to 
hands-on results to create sustainable, data-
driven, flexible business models.
Our consultants combine deep business 
knowledge with a strategic perspective starting 
from each client’s unique circumstances. This 
might mean future-proofing the organization, 
improving business strategy, ensuring access 
to the right competence, or developing new 
digital work methods. The work occurs in 
close collaboration with the client, and our 
methods are adapted to the market situation at 
hand and operational needs.
With around 540 employees, Insight is an 
established Nordic player in management 
consulting, with strong offers in digital 
transformation, business systems, 
cybersecurity, and data-driven growth. We 
have an important role in meeting increased 
requirements for robust and secure systems, 
not least in the public sector and defense. 
Comments from the Head of Insight 
Insight has had a cautious start to the year, 
shaped by hesitant demand and a weaker 
margin development. Therefore, further steps 
have been taken to strengthen the business 
through increased sales activities and a 
gradual adaption of the competence blend.
"We face a fragmented market, and keep a 
high activity level with more business 
dialogues, though decision-making 
processing remains slow. Our focus is on 
sales, group-wide collaboration, and 
adaption of competence to meet future 
needs, not least related to larger 
transformation deals and defense.
Carin Strindmark
Head of Insight
Products
Jan–Mar 
2026
Jan–Mar 
2025 ¹)
Jan–Mar 
2025 ¹) incl. 
acquisition
and excl. 
disposal ²)
Sales, SEK, 
million  95.3  77.7  88.5 
EBITA, SEK, 
million  12.2  10.2  10.9 
EBITA margin, %  12.8  13.2  12.3 
Number of 
employees  232  179  232 
1) Comparative figures have been updated for 2025 
following the formation of the new business area. 
2) Adjustments pertain to the acquisition of Insicon AB.
The business area Products develops and 
offers its own IP-based solutions and 
platforms for a growing, AI-driven market. By 
gathering them in a dedicated business area, 
we strengthen the speed of innovation and 
create scalable offers with recurring revenue. 
Our solutions are in the borderlands between 
finished SaaS products and consultancy,, 
providing clients with tailored solutions and 
services with a basis in tried-and-tested 
technology. We work with both the public and 
the private sector in defense, information 
security, mobility, and finance and insurance.
Products has around 230 employees who 
combine deep domain knowledge with 
scalable technical assets. Thus, we create 
high client value and secure digital 
development. With a focus on innovation, 
digital robustness, and business value, 
Products contributes to strengthening 
Knowit’s position in product- and platform-
based services and drives long-term growth. 
Comments from the Head of Products 
Products has had a stable development 
during the quarter, with solid deliveries in 
several segments and strong sales pressure. 
We face challenges in some areas, with 
delayed projects and longer decision-making 
processes among clients, but retain a clear 
focus on seizing the opportunities in AI, 
scalable offers, and new regulatory drivers.
"We see high demand for our offers in areas 
related to security, digital identity, and 
platform-based solutions. At the same time, 
we are working  to strengthen the parts of 
the operations that are seeing weaker 
development. AI and scalable services will 
be important drivers going forward. 
Göran Dahlberg
Head of Products
Market and operations
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   7

===== SIDA 8 =====

Innovative assignments 
that create long-term value
Together with our clients, we create the digital solutions of the future, for higher client value and a sustainable 
societal development. Learn about some of our clients’ challenges, solutions, and results.
Linköping tests innovative 
V2G technology in urban environment
Linköping is the first place in Sweden to test 
out Vehicle-to-Grid (V2G) at a larger scale in a 
public urban environment. In the parking 
garage Druvan, electric vehicles can both be 
charged and deliver electricity back to the 
grid. The project is jointly performed by 
Knowit, Dukaten, and the Swedish National 
Road and Transport Research Institute, VTI. 
Knowit is responsible for service design and 
user experience.
The project is financed by Vinnova and runs 
from January 2026 through March 2029. 
The goal is to study how V2G works in practice 
and how the technology can be integrated 
into the city’s energy system. As cars are 
parked a large part of each day, there is 
great potential to use them as temporary 
energy stores. This can contribute to a more 
flexible electricity system and create new 
business opportunities for both parking and 
energy companies. 
VTI is managing the project and is responsible 
for research methodology, follow-up, and 
analysis. Dukaten’s parking surveillance cars 
are equipped with two-way charging, making 
it possible to charge them when the price of 
energy is low and deliver electricity when the 
load is high. The vehicles’ fixed driving and 
parking patterns make them particularly 
suitable for testing in an urban environment. 
Knowit’s assignment is to ensure that the V2G 
service is simple and attractive to use. The 
focus is on a clear and complete experience 
that builds trust and makes the technology 
easy for both drivers and operative managers 
to understand.
AI-driven monitoring of 
critical infrastructure
In a Europe where the security situation is 
growing more uncertain, requirements on 
protecting critical infrastructure have 
increased dramatically. Authorities and 
companies face a complex set of threats, 
encompassing both attacks from outside and 
risks within their own organizations. At the 
same time, the facilities are often extensive 
and multi-facetted, with everything from 
server parks and production environment to 
offices and open areas where many different 
people move at different times.
This complexity makes monitoring more 
demanding. Large amounts of data from 
cameras, sensors, and access control systems 
must be interpreted, often in real time, 
exceeding what a limited workforce can 
handle on its own. Here, AI-driven monitoring 
becomes a crucial support.
By combining sensor technology, data 
integration, and advanced analytics, Knowit 
enables for a more precise and proactive 
security solution. In Knowit’s self-developed 
system Yggdrasil, data are gathered from 
multiple sources and processed using 
algorithms and machine learning. The system 
can identify deviating behaviors and sensitive 
activities, adapting its alarms based on time, 
location, and type of event. This decreases the 
number of false alarms and makes monitoring 
more effective.
In addition to real-time monitoring, information 
is stored to analyze patterns over time. This 
provides better understanding of threats and 
makes it possible to prevent incidents before 
they occur. The solution is also integrated with 
existing systems and used on secure platforms.
Overall, this strengthens both outer and inner 
protection, and organizations can monitor 
larger areas without increasing their 
workforce. The result is improved control, 
better decision support, and a more effective 
security organization.
Reference cases
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   8

===== SIDA 9 =====

The AI agent that gives Kappahl Group 
a head start in the flow
Knowit and Kappahl Group jointly developed 
and implemented the AI agent Alva, a hands-
on example of how AI can create increased 
sales through marketing in social media.
The background is an increasingly challenging 
digital environment, where is it getting harder 
to break through the noise, while relevance 
and understanding of one’s own customer 
base are becoming crucial. Within the 
framework of the assignment, Knowit created 
a solution that analyzes historical campaign 
data, image choices, and tonality, to predict 
how the content will be received. Thus, Alva 
functions as a digital Community Manager 
making predictions before publication.
The complex technical solution is integrated 
with Instagram and presents as a simple, user-
friendly tool for Kappahl’s marketing team. By 
limiting the project to a clear pilot, value could 
be realized quickly, which showed that AI 
agents could have practical applications in day-
to-day work.
Implementation showed clear results. The 
time to create and plan contents has been 
halved, while early tests have shown 
increased engagement and more relevant 
communication. Further, the creative level has 
been strengthened with data-driven insights.
The project was performed in close 
collaboration between Knowit’s UX and AI 
specialists and Kappahl Group’s operative 
experts, with Microsoft technology. 
Alva became the starting point for more AI 
use at Kappahl Group, where the solution is 
being scaled up to more brands and 
contributes to a more data-driven and efficient 
content strategy.
Digital transformation of ground forces
Knowit has participated in a long-term effort to 
digitalize ground forces in operative defense 
environments. The assignment has the goal of 
strengthening the ground forces’ capabilities 
of management and collaboration in a time 
of changing threats and fast technical 
development. 
Digital management and decision support 
systems are central parts of the 
modernization of the armed forces, but 
implementation means large changes that 
affect both technology, organization, and work 
methods. One particular challenge in the 
assignment has been ensuring high 
availability, robustness, and usability in 
systems that operate in demanding  
environments. At the same time, the solutions 
have had to be gradually implemented in 
different ground force units, and integrated 
with existing systems and stakeholders.
Knowit has contributed as a long-term partner 
with competence in system development and 
implementation in defense-adjacent 
environments. The work has involved 
development and implementation of tactical 
management support adapted for the needs 
of ground forces, and support for gradual 
rollout across units. An important part of this 
has also been facilitating collaboration 
between authorities, the Defence Materiel 
Administration, and other suppliers in a 
complex system landscape.
The focus has been on combining technical 
edge with understanding for the operations, 
where usability and long-term development 
have been central factors.
The result is that digital management support 
is now used in operative ground forces. The 
efforts have contributed to increased 
operative ability, improved tactical effect, and 
a modernized management structure, while it 
also creates a stable foundation for continued 
digital development in the armed forces.
Reference cases
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===== SIDA 10 =====

The Group
Positive utilization trend and transitional costs during the quarter
Net sales and results
January – March  
Net sales were SEK 1,449.9 (1,593.6) million, a 
decrease of 9.0 percent as compared with the 
corresponding period last year. The exchange 
rate development of the period has had a 
negative impact on net sales of SEK -31.9 
(-13.6) million. Net sales per employee were 
KSEK 422 (446).
Net sales were SEK 641.0 (665.2) million in 
Sweden, SEK 463.3 (483.7) million in Norway, 
SEK 160.7 (173.2) million in Finland, SEK 53.3 
(55.4) million in Poland and SEK 115.6 (209.9) 
million in Denmark.
The operating profit before amortization of 
intangible assets (EBITA) was SEK 83.9 (104.5) 
million. The exchange rate development 
during the period had a negative impact on 
EBITA of SEK -2.6 (-1.3) million.
In Sweden, EBITA was SEK 35.7 (43.6) million, 
in Norway,  it was SEK 43.4 (50.5) million, in 
Finland, it was SEK 10.6 (12.3) million, in Poland, 
it was SEK 5.2 (4.1) million and in Denmark, it 
was SEK 10.1 (13.8) million. 
The EBITA margin was 5.8 (6.6) percent. 
Amortization and impairment of intangible 
assets amounted to SEK-40.0 (-40.5) million.
The operating profit after financial items was 
SEK 39.1 (51.6) million. The financial net was 
SEK -4.8 (-12.4) million, affected mainly by 
interest revenue of SEK 2.0 (2.5) million, 
interest costs of SEK -7.9 (-11.4) million and 
exchange rate changes. 
The results after taxes were SEK 30.7 (39.5) 
million. Tax for the period was SEK -8.4 (-12.1) 
million. The non-controlling interest share of 
profit for the year was SEK 0.6 (1.2) million. 
Earnings per share were SEK 1.10 (1.40).
Segments
January – March  
In 2026, Knowit has established a new 
business area, Products, with the goal of 
accelerating growth in product- and platform-
based consultancy services and 
strengthening the Company’s position on a 
quickly growing market for IP-based solutions. 
Comparison figures have been updated for 
2025 after establishment of the business area.
Net sales for the segment Solutions were SEK 
716.7 (862.3) million, for the segment 
Experience, were SEK 276.1 (286.1) million, for 
the segment Connectivity, were SEK 145.3 
(148.8) million, for the segment Insight, were 
SEK 226.0 (227.9) million, and the segment 
Products,  increased to SEK 95.3 (77.7) million.
EBITA was SEK 66.8 (79.8) million for the 
segment Solutions, SEK 17.3 (17.7) million for 
the segment Experience,  increased to SEK 7.8 
(6.8) million for the segment Connectivity, was 
SEK 3.9 (13.4) million for the segment Insight, 
and  increased to SEK 12.2 (10.2) million for the 
segment Products.
The EBITA margin for the segment Solutions 
was 9.3 (9.3) percent, for the segment 
Experience increased to 6.3 (6.2) percent, for 
the segment Connectivity to 5.4 (4.6) percent, 
for the segment Insight decreased to 1.7 (5.9) 
percent, and for segment Products to 12.8 
(13.2) percent.
Cash flow
January – March 
Cash flow from operating activities increased 
to SEK 100.2 (36.1) million. Cash flow from the 
change in working capital increased to SEK 
50.3 (-55.9) million, affected mainly by 
increased operating receivables and 
increased operating liabilities. 
Cash flow from investing activities was SEK 
-8.4 (-2.8) million, mainly affected by 
investments in non-current assets. 
Cash flow from financing activities was SEK 
-47.7 (-39.2) million, affected by amortizations,  
acquisitions of non-controlling interests and 
repurchase of own shares. 
Total cash flow increased to SEK 44.1 (-5.9) 
million.
Financial position 
January – March  
Cash and cash equivalents increased to SEK 
409.8 (362.7) million as per March 31, 2026. 
Goodwill and other intangible assets 
amounted to SEK 3,702.7 (4,201.1) million. 
affected mainly by impairment totaling SEK 
-399 million in December 2025. Goodwill 
amounted to SEK 3,294.7 (3,704.4) million 
and other intangible assets were SEK 408.1 
(496.7) million.
Equity were SEK 3,711.9 (4,084.8) million. 
Interest-bearing liabilities totalled to SEK 748.4 
(970.0) million on December 31, 2025, with 
long-term liabilities totaling SEK 598.1 (817.0) 
million and short-term liabilities totaling SEK 
150.3 (153.0) million. Knowit has a agreement 
regarding financing, a credit facility of SEK 550 
million that falls due in 2029 and a credit 
facility of SEK 500 million that falls due in 
2030. The credit facilities granted total SEK 
1,050 million. As per March 31, 2026, SEK 
333.0 (500.0) million of the credit facilities 
granted were used. Leasing liabilities were 
SEK 411.6 (461.0) million. Liabilities related to 
future consideration for subsidiaries 
increased to SEK 89.7 (18.2) million.
The equity/asset ratio was 60.8 (60.8) percent 
as per March 31, 2026.
The Group
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===== SIDA 11 =====

Employees
January – March  
On March 31, 2026,  3,652 (3,772) people were 
employed by the Group. During 2026, the 
number of employees has decreased by 62 as 
compared with March 31, 2025.
The average number of employees has 
decreased to 3,432 (3,575) during the period. 
The average number of employees decreased 
to 1,620 (1,675) in Sweden, to 868 (922) in 
Norway, to 377 (413) in Finland, to 277 (287) in 
Poland, and to 233 (262) in Denmark.
Other 
On March 23,  2026, the Supreme 
Administrative Court chose not to grant leave 
to appeal in any of the judgments regarding 
the Swedish Agency for Economic and 
Regional Growth’s claims for repayment of 
support for short-time work, appealed by 
Knowit. Thus, the Administrative Court of 
Appeals’ judgments stand and Knowit will 
repay the sum of KSEK 28,380, which was 
reserved as per December 31, 2025, and 
reported in the results 2024. 
Seasonal variation
The Group’s revenue and operating results are 
subject to seasonal variation, which means that 
they vary by quarter. The number of working 
days and, by extension, normal working hours, 
affect net sales and profit. The quarter that 
includes the Easter period – the first or second 
– has lower revenue, leading to a lower profit, as 
the costs are largely unchanging, unlike the 
revenue. The revenue is affected negatively, as 
the activity on the market decreases or is non-
existent on these days. Further, the second and 
third quarters of the Group’s financial year are 
affected by including parts of the summer 
holiday period, which impacts on the demand 
for the Group’s services. The fourth quarter is 
affected by the workdays and normal working 
hours that are dropped due to the Christmas 
and New Year holidays.
For the financial year 2026, normal working 
hours total 1,948 (1,942), of which 482 (485) 
hours in the first quarter, 463 (461) hours in the 
second quarter, 513 (513) hours in the third 
quarter, and 490 (483) hours in the fourth 
quarter. 
Forward-looking information
The forward-looking information in this
report is based on the expectations of 
Knowit’s management team at the time of the 
report. Although Knowit’s management team 
assesses these expectations to be reasonable, 
there is no guarantee that these expectations 
are or will turn out to be correct. Consequently, 
future outcomes may vary significantly 
compared with what is presented in the 
forward-looking information, depending for 
example on changed market conditions for 
the Knowit Group’s offerings and more 
general conditions related to economy, 
market, competition, regulatory changes and 
other alterations in policy, as well as variations 
in exchange rates. Knowit does not commit to 
updating or correcting such forward-looking 
information beyond what is required by law.
Certification
The Board and the Chief Executive Officer 
certify that the year-end report provides a true 
and fair view of the Group’s and Parent 
Company’s operations, financial position and 
results, and describes significant risks and 
uncertainty factors that the Parent Company 
and the companies within the Group are 
faced with.
Stockholm, April 29, 2026
Per Wallentin
Chief Executive Officer
This interim report has not been reviewed by 
Knowit’s auditors.
Financial calendar
AGM 2026
April 29, 2026, 1 PM
Interim Report January – June 2026
July 17, 2026, 7:30 AM
Interim Report January – September 2026
October 23, 2026, 7:30 AM
Year-End Report 2026
February 5, 2027, 7:30 AM
Address and contact information
Knowit AB (company reg.no. 556391-0354)
Box 3383, 103 68 Stockholm
Visiting address: Sveavägen 20
Phone: + 46 (0)8 700 66 00,
Fax: +46 (0)8 700 66 10
knowit.eu
For more information
Per Wallentin, President and CEO, Knowit AB
(publ), +46 (0)8 700 66 00 or
Christina Johansson, Head of 
communications, Knowit AB (publ), 
+46 (0)8 700 66 00 or +46 (0)705 421 734 or 
Marie Björklund, CFO, Knowit AB (publ), 
+46 (0)8 700 66 00.
About Knowit
Knowit is a Nordic consultancy helping 
companies, public authorities, and 
organizations succeed in the digital 
transformation. With expertise in AI, 
technology, strategy, and design, we develop 
solutions that create customer value and 
strengthen digital resilience.
Operations are organized into five business 
areas – Solutions, Experience, Connectivity, 
Insight, and Products – which together offer 
expertise in areas including system 
development, data-driven customer 
experiences, AI, cloud services, cybersecurity, 
IP-based product solutions, and management 
consulting. Competences from different 
business areas are often combined in client 
engagements.
Founded in 1990, Knowit has around  3,700 
employees, mainly in the Nordic region, with 
operations also in Poland, Germany and 
Serbia. Knowit AB (publ) is listed on Nasdaq 
Stockholm Mid Cap. For more information, 
visit knowit.eu.
The Group
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===== SIDA 12 =====

Financial statements
Income statement in summary
Net sales 3, 4 1,449.9 1,593.6 5,798.0 5,654.3
Other operating income 0.1 – 16.9 17.0
TOTAL OPERATING INCOME 1,450.0 1,593.6 5,814.9 5,671.3
Operating costs -1,324.2 -1,445.9 -5,295.7 -5,174.0
Depreciation and write-down of property, plant and equipment -41.9 -43.1 -170.3 -169.1
OPERATING RESULT BEFORE AMORTIZATION OF INTANGIBLE ASSETS (EBITA) 83.9 104.5 348.9 328.3
Amortization of intangible assets -40.0 -40.5 -163.1 -162.6
Impairment of goodwill and other intangible assets – – -399.0 -399.0
OPERATING RESULT (EBIT) 43.9 64.0 -213.3 -233.4
Result from financial items
Financial incomes 3.3 2.5 12.0 12.7
Financial expenses -8.0 -14.9 -45.9 -39.0
RESULT AFTER FINANCIAL ITEMS 39.1 51.6 -247.1 -259.7
Tax -8.4 -12.1 -35.0 -31.3
RESULT FOR THE PERIOD 30.7 39.5 -282.2 -291.0
Result for the period attributable to shareholdings in Parent Company 30.1 38.3 -284.9 -293.0
Result for the period attributable to non-controlling interests' holdings 0.6 1.2 2.7 2.1
Earnings per share
Earnings per share, before dilution, SEK 1.10 1.40 -10.43 -10.74
Earnings per share, after dilution, SEK 1.10 1.40 -10.43 -10.74
S E K ,  M I L L I O N S Note
January – 
March 2026
January – 
March 2025
J a n u a r y   –  
December 
2025
April 2025 - 
March 2026
Comprehensive income in summary
PROFIT FOR THE PERIOD 30.7 39.5 -282.2 -291.0
Items that may later be reclassified to profit or loss:
translation differences reclassified to profit or loss – – -19.9 -19.9
result of hedging of interest risks 2.8 2.1 4.5 5.2
tax effect of hedging of interest risks -0.6 -0.4 -0.9 -1.1
translation differences in foreign operations 59.6 -95.8 -124.5 30.9
OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF TAX 61.9 -94.1 -140.8 15.2
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 92.6 -54.6 -423.0 -275.8
Total comprehensive income attributable to shareholders in Parent Company 92.3 -55.8 -426.1 -278.0
Total comprehensive income attributable to non-controlling interests' holdings 0.4 1.2 3.1 2.2
S E K ,  M I L L I O N S 
January – 
March 2026
January – 
March 2025
J a n u a r y   –  
December 
2026
April 2025 - 
March 2026
Financial statements
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===== SIDA 13 =====

Balance sheet in summary
ASSETS
Non-current assets
Intangible assets 3,702.7 4,201.1 3,705.1
Property, plant, and equipment 451.2 515.4 461.5
Financial non-current assets 6.3 6.9 6.5
Deferred tax asset 98.9 111.0 102.4
TOTAL NON-CURRENT ASSETS 4,259.1 4,834.4 4,275.5
Current assets
Current receivables 1,440.5 1,521.2 1,367.8
Cash and cash equivalents 409.8 362.7 325.7
TOTAL CURRENT ASSETS 1,850.3 1,883.8 1,693.5
TOTAL ASSETS 6,109.4 6,718.2 5,969.0
EQUITY AND LIABILITIES
Equity
Share capital 7 27.4 27.4 27.4
Other capital contributions and reserves 2,883.0 2,870.9 2,820.8
Profit brought forward, incl. total result 804.0 1,186.0 783.3
EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT COMPANY 3,714.4 4,084.4 3,631.5
Non-controlling interests -2.5 0.4 -2.9
TOTAL EQUITY 3,711.9 4,084.8 3,628.6
Non-current liabilities
Non-current provisions 7.4 6.7 7.4
Interest-bearing non-current liabilities 598.1 817.0 607.9
Other non-current liabilities 200.9 204.7 207.8
TOTAL NON-CURRENT LIABILITIES 806.5 1,028.4 823.1
Current liabilities
Interest-bearing current liabilities 150.3 153.0 150.6
Other current liabilities 1,440.8 1,451.9 1,366.7
TOTAL CURRENT LIABILITIES 1,591.0 1,604.9 1,517.3
TOTAL EQUITY AND LIABILITIES 6,109.4 6,718.2 5,969.0
S E K ,  M I L L I O N S Note
March 31, 
2026
March 31, 
2025
31 December 
2025
Financial statements
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===== SIDA 14 =====

Cash flow statement in summary
Operating activities
Result after financial items 39.1 51.6 -247.1
Adjustment for non-cash items 83.7 136.7 758.5
Net interest received/paid -5.9 -8.9 -33.2
Paid taxes -67.0 -87.4 -107.9
Changes in working capital 50.3 -55.9 -48.8
CASH FLOW FROM OPERATING ACTIVITIES 100.2 36.1 321.5
Investing activites
Acquisition of businesses 7 -1.0 – -75.1
Disposal of businesses – – 140.0
Acquisition of intangible assets -4.1 -1.1 -7.6
Acquisition of property, plant, and equipment -3.3 -1.7 -8.6
CASH FLOW FROM INVESTING ACTIVITIES -8.4 -2.8 48.7
Financing activities
Amortization of loans -35.9 -31.7 -309.9
Loans raised – – –
Dividends – – -69.0
Acquisition of non-controlling interest shares -3.1 -7.5 -7.5
Repurchasing of own shares -8.7 – –
CASH FLOW FROM FINANCING ACTIVITIES -47.7 -39.2 -386.4
CASH FLOW FOR THE PERIOD 44.1 -5.9 -16.2
Cash and cash equivalents at the beginning of the period 325.7 397.8 397.8
Translation differences in cash and cash equivalents 40.1 -29.3 -55.9
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 409.9 362.7 325.7
S E K ,  M I L L I O N Note
January – 
March 2026
January – 
March 2025
J a n u a r y   –  
December 
2025
Statement of changes in equity in summary
Opening balance 3,628.7 4,137.7 4,137.7
PROFIT FOR THE YEAR 30.7 39.5 -282.2
Other comprehensive income
Translation differences reclassified to profit or loss – – -19.9
Result of hedging of interest rate risk 2.8 2.1 4.5
Tax effect of hedging of interest rate risk -0.6 -0.4 -0.9
Translation differences 59.6 -95.8 -124.5
TOTAL OTHER COMPREHENSIVE INCOME 92.6 -54.6 -423.0
TOTAL COMPREHENSIVE INCOME 3,721.3 4,083.1 3,714.7
Transactions with shareholders
Dividend paid – – -69.0
Repurchase of own shares -8.7 – –
Share-based payments -2.0 1.7 6.0
Change in liabilities, acquisition of non-controlling interest 1) 1.2 – -23.0
TOTAL TRANSACTIONS WITH SHAREHOLDERS -9.4 1.7 -86.0
EQUITY 3,712.0 4,084.8 3,628.7
S E K ,  M I L L I O N S 
January – 
March 2026
January – 
March 2025
J a n u a r y   –  
December 
2025
1) Pertains to changed assessment of agreed-upon future consideration.
Financial statements
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===== SIDA 15 =====

The Parent Company
January – March 
The operating profit before amortization of 
intangible assets (EBITA) was SEK -27.6 (-27.5) 
million. The financial net increased to SEK 
-9.6 (-15.2) million. The result after financial net 
increased to SEK -37.4 (-43.4) million. Equity, 
as of March 31, 2026, was SEK 2,996.7 
(3,055.5) million. Untaxed reserves totalled 
SEK – (168.4) million. 
Income statement in summary
Net sales 137.1 125.5 491.7
TOTAL OPERATING INCOME 137.1 125.5 491.7
Operating expenses -162.3 -150.7 -589.4
Depreciation of property, plant and equipment -2.5 -2.3 -9.4
OPERATING RESULT BEFORE AMORTIZATION OF INTANGIBLE ASSETS (EBITA) -27.6 -27.5 -107.1
Amortization of intangible assets -0.2 -0.7 -1.9
OPERATING RESULT (EBIT) -27.8 -28.2 -109.0
Financial items -9.6 -15.2 -16.3
RESULT AFTER FINANCIAL ITEMS -37.4 -43.4 -125.3
Appropriations – – 168.4
Income tax -0.1 0.1 -36.3
RESULT -37.5 -43.2 6.8
S E K ,  M I L L I O N S 
January – March 
2026
January – March 
2025
J a n u a r y   –  
December 2025
Balance sheet in summary
ASSETS
Non-current assets
Intangible assets 0.4 1.8 0.6
Property, plant, and equipment 15.9 23.8 18.4
Financial non-current assets 4,064.1 4,381.2 4,064.1
TOTAL NON-CURRENT ASSETS 4,080.5 4,406.8 4,083.1
Current assets
Current receivables 573.1 475.5 609.9
TOTAL CURRENT ASSETS 573.1 475.5 609.9
TOTAL ASSETS 4,653.6 4,882.3 4,693.0
EQUITY AND LIABILITIES
Equity
Restricted equity 95.4 95.4 95.4
Non-restricted equity 2,901.3 2,960.1 2,949.5
TOTAL EQUITY 2,996.7 3,055.5 3,045.0
Liabilities
Untaxed reserves  –  168.4  – 
Interest-bearing non-current liabilities  1,500.0  1,500.0  1,500.0 
Non-current provisions  23.8  22.9  23.7 
Current liabilities 133.1  135.4  124.3 
TOTAL LIABILITIES  1,656.9  1,826.7  1,648.0 
TOTAL EQUITY AND LIABILITIES  4,653.6  4,882.3  4,693.0 
S E K ,  M I L L I O N S March 31, 2026 March 31, 2025
31 December 
2025
The Parent Company
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===== SIDA 16 =====

Notes to the financial statements
NOTE 1:  Accounting principles
This consolidated Interim Report for the Group 
has been prepared in accordance with IAS 34 
Interim Reporting and applicable provisions in 
the Annual Accounts Act.
The Interim Report for the Parent Company 
has been prepared in accordance with 
Chapter 9 of the Annual Accounts Act on 
interim reporting. 
For the Group and the Parent Company, the 
same accounting principles and grounds for 
assessments used in the latest Annual Report 
were used, in addition to the aforementioned 
accounting principles. Information in 
accordance with IAS 34.16A is presented 
through the financial reports and associated 
notes, see pages 16-21, as well as in other parts 
of the Interim Report.
The company is analyzing how IFRS 18 will 
impact the financial reporting and performs 
necessary adaptions to ensure a smooth 
transition in accordance with the applicable 
regulations.
All amounts in this report are given in SEK 
millions, unless otherwise stated. Rounding 
differences may occur.
NOTE 2:  Critical valuation and risk factors
Knowit’s general essential business risks 
consist of reduced demand for consultancy
services, problems attracting and retaining
skilled personnel, price pressures and 
financial risks related to credit and exchange
rates and, to a lesser extent, risks related to
fixed price projects. Knowit is affected by
general political, financial, and economic 
circumstances. The conflict in the Middle East 
has increased the risk of weak economic 
development. 
Tariffs on global trade create uncertainty on 
the market. Knowit is not directly affected, but 
tariffs may ultimately influence clients’ 
investments and investment decisions, which 
the Company monitors and reviews 
continuously. 
With a decreased demand for the Company’s 
services comes short-term challenges with 
decreased utilization, where the business 
model creates a lead time in adjusting 
capacity to reach the high levels of the past. 
Further, the decentralized steering model 
creates a need for each subsidiary to quickly 
realize short-term measures for sales efforts 
and cost savings. This can in the short term 
affect the Company’s possibilities to generate 
a profit and growth in line with historic values 
and the financial targets. For more information 
on risks, see the Annual Report 2025, pages 
39–41.
Notes to the financial statements
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===== SIDA 17 =====

NOTE 3:  The Group revenue from client contracts
GEOGRAPHIC CATEGORIZATION
Fee revenue
Sweden 600.2 634.4 2,396.1
Norway 447.5 472.0 1,676.7
Finland 155.7 166.7 619.9
Poland 52.2 54.1 217.6
Denmark 105.2 172.9 549.1
Other 16.0 6.2 41.5
TOTAL FEE REVENUE 1,376.9 1,506.3 5,501.1
Other revenue1)
Sweden 40.8 30.8 138.7
Norway 15.8 11.6 55.6
Finland 5.0 6.6 22.8
Poland 1.1 1.3 4.7
Denmark 10.5 37.0 74.8
Other 0.0 0.0 0.3
TOTAL OTHER REVENUE 73.1 87.3 296.9
TOTAL NET SALES 1,450.0 1,593.6 5,798.0
S E K ,  M I L L I O N S 
January – March 
2026
January – March 
2025
January– 
December 2025
SEGMENT CATEGORIZATION
Fee revenue
Solutions 693.3 811.7 2,869.9
Experience 266.6 274.1 1,007.8
Connectivity 143.4 146.0 573.6
Insight 216.1 220.4 831.9
Products 62.8 60.0 237.6
Other -5.4 -5.9 -19.7
TOTAL FEE REVENUE 1,376.9 1,506.3 5,501.1
Other revenue 1 )
Solutions 23.3 50.6 142.5
Experience 9.5 12.1 45.1
Connectivity 1.9 2.8 9.9
Insight 9.9 7.4 25.2
Products 32.5 17.7 93.3
Other -4.0 -3.4 -19.1
TOTAL OTHER REVENUE 73.1 87.3 296.9
TOTAL NET SALES 1,450.0 1,593.6 5,798.0
S E K ,  M I L L I O N S 
January – March 
2026
January – March 
2025
J a n u a r y   –  
December 2025
1) The revenue category License fees is reported in the category Other revenue as the amounts are not significant. For more information, see Note 1 Accounting and valuation principles in the Annual Report 2025.
Notes to the financial statements
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   1 7

===== SIDA 18 =====

NOTE 4:  Consolidated segment reporting in summary
The Group’s operations are organized so that 
the corporate management mainly follows up 
net sales, EBITA result, intangible assets, and 
average number of employees in the Group’s 
six segments. 
The segment Other includes, among other 
things, small-scale cloud services, where 
Knowit through partnerships can offer the 
cloud supplier that best fits a client’s specific 
needs and IT structure. 
Further, it includes the parent companies’ 
group-wide costs for management, finance, 
and marketing, and adjustments pertaining to 
IFRS 16 that are not allocated to the segments.
External net sales  700.4  281.7  144.7  221.2  101.4  0.6  1,450.0 
Net sales between segments  39.9  16.5  0.7  11.1  1.6  -69.9  – 
Internal direct costs between segments  -23.6  -22.1  –  -6.4  -7.8  59.9  – 
NET SALES  716.7  276.1  145.3  226.0  95.3  -9.3  1,450.0 
Earnings before amortization of intangible assets (EBITA)  66.8  17.3  7.8  3.9  12.2  -24.1  83.9 
Amortization of intangible assets  -13.6  -6.0  -7.9  -6.5  -5.8  -0.2  -40.0 
OPERATING PROFIT (EBIT)  53.2  11.3  -0.1  -2.6  6.3  -24.2  43.9 
Result after financial items  39.1 
RESULT FOR THE PERIOD  30.7 
EBITA margin, %  9.3  6.3  5.4  1.7  12.8  5.8 
Average number of employees  1,428  668  519  510  213  95  3,432 
Intangible assets  1,811.2  655.4  251.5  488.0  495.9  0.9  3,702.8 
Property, plant, and equipment  11.0  3.0  4.1  0.2  2.5  430.4  451.2 
S E K ,  M I L L I O N S 
J A N U A R Y  –  M A R C H  2 0 2 6 Solutions Experience Connectivity Insight Products Other Total
External net sales  821.1  292.1  147.6  229.2  71.1  32.5  1,593.6 
Net sales between segments  74.3  22.3  9.8  10.5  14.4  -131.4  – 
Internal direct costs between segments  -33.2  -28.2  -8.6  -11.9  -7.8  89.6  – 
NET SALES  862.3  286.1  148.8  227.9  77.7  -9.2  1,593.6 
Earnings before amortization of intangible assets (EBITA)  79.8  17.7  6.8  13.4  10.2  -23.5  104.5 
Amortization of intangible assets  -16.1  -6.2  -9.0  -6.0  -2.6  -0.8  -40.5 
OPERATING PROFIT (EBIT)  63.7  11.5  -2.1  7.4  7.7  -24.2  64.0 
Result after financial items  51.6 
RESULT FOR THE PERIOD  39.5 
EBITA margin, %  9.3  6.2  4.6  5.9  13.2  6.6 
Average number of employees  1,551  716  533  525  170  79  3,575 
Intangible assets  1,976.0  676.2  682.5  459.2  404.9  2.3  4,201.2 
Property, plant, and equipment  12.2  3.1  5.0  1.1  1.2  492.7  515.4 
S E K ,  M I L L I O N S 
J A N U A R Y  –  M A R C H  2 0 2 5  ¹ ) Solutions Experience Connectivity Insight Products Other Total
1)  Comparative figures have been updated for 2025 following the formation of the new business area
Notes to the financial statements
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   1 8

===== SIDA 19 =====

NOTE 5:  Long-term incentive program (LTIP)
At the Annual General Meetings 2023, 2024, 
and 2025, decisions were made in 
accordance with the Board’s suggestion on 
share-based long-term incentive programs 
(LTIPs). The incentive programs are aimed at 
members of the Corporate Management 
Team and other key personnel within the 
Knowit Group, in total around 40 people. To 
participate in an LTIP, the participant must 
make an investment of their own in company 
shares, in accordance with the terms of the 
program, and these shares must be allocated 
to the program. Each participant may invest in 
investment shares up to a total corresponding 
to at most 10 percent of their fixed annual 
salary before taxes. Each share acquired for 
this purpose is an “investment share.” 
Depending on the participant category that a 
participant belongs to, the participant is 
allocated a certain number of share rights per 
investment share acquired.
For category 1, each investment share entitles 
the holder to four share rights; for category 2, 
each investment share entitles the holder to 
three share rights; for category 3, each 
investment share entitles the holder to two 
share rights. Following the selected vesting 
period of three years, the participants will be 
allotted shares in the Company, free of cost, if 
certain conditions are met. These conditions 
are, with some exceptions, continued 
employment in the Group during the vesting 
period, that the holder’s shareholdings in the 
Company have been unchanged during that 
period, and that certain performance goals 
have been reached.
The performance goals are earnings per 
share, EBITA margin, and an ESG target. Final 
allocation of share rights shall be based to 45 
percent on earnings per share, 45 percent on 
the EBITA margin, and 10 percent on the ESG 
target. The performance goals include both a 
minimum level that must be reached in order 
for any allocation to be made, and a maximum 
level above which no further allocation will 
be made.
For more information on earlier long-term 
incentive programs, please see Note 7 
Salaries, remuneration, and social security 
expenses in the Annual Report for 2025.
NOTE 6:  The Group’s financial assets and liabilities
The table below summarizes the reported 
value of the Group’s financial assets and 
liabilities, divided in accordance with the 
valuation categories in IFRS 9. No financial 
assets or liabilities are reported at a value that 
significantly deviates from fair value. For more 
information, see Note 4 Financial assets and 
liabilities at fair value and categorization in the 
Annual Report 2025. 
S E K ,  M I L L I O N S 
Financial
assets valued
at amortized
cost
Financial
assets valued
at fair value
in income
statement
Fair value
hedging
instruments
Fair
value
Financial
assets valued
at amortized
cost
Financial
assets valued
at fair value
in income
statement
Fair value
hedging
instruments
Fair
value
Assets in balance sheet
Other non-current securities 1 ) – 3.5 – 3.5 – 3.7 – 3.7
Other non-current receivables 2.7 – – 2.7 3.2 – – 3.2
Accounts receivable and other receivables 1,142.8 – – 1,142.8 1,251.1 – – 1,251.1
Cash and cash equivalents 409.8 – – 409.8 362.7 – – 362.7
TOTAL 1,555.3 3.5 – 1,558.9 1,617.0 3.7 – 1,620.6
March 31, 2026 March 31, 2025
1) Fair value pursuant to categorization Level 3.
Notes to the financial statements
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   1 9

===== SIDA 20 =====

NOTE 6:  continued
S E K ,  M I L L I O N S 
Other
financial
liabilities
valued at
accrued cost
Financial
assets valued
at fair value
in income 
statement
Fair value
hedging
instruments
Fair
value
Other
financial
liabilities
valued at
accrued cost
Financial
assets valued
at fair value
in income
statement
Fair value
hedging
instruments
Fair
value
 Liabilities in balance sheet
Contingent additional considerations 1) – 53.7 – 53.7 – – – –
Future consideration 36.0 – – 36.0 18.2 – – 18.2
Debt to sellers – – – – – – – –
Other interest-bearing liabilities 744.6 – – 744.6 961.0 – – 961.0
Accounts payable 347.4 – – 347.4 425.8 – – 425.8
Interest swaps for hedging 2) – – 3.8 3.8 – – 9.0 9.0
Other liabilities 139.2 – – 139.2 107.4 – – 107.4
TOTAL 1,267.1 53.7 3.8 1,324.6 1,512.4 – 9.0 1,521.4
March 31, 2026 March 31, 2025
1) Fair value pursuant to categorization level 3.
2) Fair value pursuant to categorization level 2.
In the table below, a reconciliation of the 
opening and closing balances is presented.
FAIR VALUE, JANUARY 1, 2026 54.7 34.8
Total recognized profits and losses:
recognized in profit/loss for the year – –
recognized in equity – 1.2
Settlement of future additional considerations and future consideration -1.0 –
Cost of acquisitions – –
FAIR VALUE, MARCH 31, 2026 53.7 36.0
FAIR VALUE, JANUARY 1, 2025 – 26.1
Total recognized profits and losses:
recognized in profit/loss for the year – -0.4
recognized in equity – -7.5
Settlement of future additional considerations and future consideration – –
Cost of acquisitions – –
FAIR VALUE, MARCH 31, 2025 – 18.2
S E K ,  M I L L I O N S 
Contingent
additional
consideration 1 )
Future
consideration 2)
1) Fair value pursuant to categorization level 3.
2) Valued at amortized cost.
Notes to the financial statements
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   2 0

===== SIDA 21 =====

NOTE 7:  Data per share
On April 29, 2025, the Annual General Meeting 
authorized the Board to decide on a 
repurchasing program for own shares, to 
cover undertakings within the framework of 
long-term incentive program (LTIP). 
Repurchasing of a maximum of 223,200 
shares can occur on one or more occasions 
before the Annual General Meeting 2026.
As of March 31, 2026, Knowit held 180,000 
(102,000) of its own shares.
PROFIT FOR THE YEAR ATTRIBUTABLE TO THE PARENT COMPANY'S SHAREHOLDERS, 
SEK , MILLIONS 30.1 38.3 -284.9
Average number of outstanding shares, 000s:
before dilution 27,297 27,307 27,307
    after dilution 27,313 27,307 27,307
Earnings per share, SEK:
before dilution 1.10 1.40 -10.43
after dilution 1.10 1.40 -10.43
Equity per share, SEK:
before dilution 136.08 149.58 132.99
after dilution 136.00 149.58 132.99
Number of shares on balance sheet day, 000s:
before dilution 27,229 27,307 27,307
after dilution 27,245 27,307 27,307
January – 
March 2026
January – 
March 2025
J a n u a r y   –  
December 
2025
NOTE 8:  Transactions with related parties
No significant transactions have occurred
during the period. 
For more information, see Note 29 
Transactions with related parties in the Annual 
Report 2025.
NOTE 9:  Events after the end of the interim period
No significant events have occurred after the 
end of the interim period.
Notes to the financial statements
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   2 1

===== SIDA 22 =====

Financial position 
Performance measures
Number of employees at end of period  3,652  3,772  3,714 
Average number of employees  3,432  3,575  3,536 
Normal working time, hours  482  485  1,942 
Net sales per average number of employees, SEK, 000s  422  446  1,640 
Result after financial items per average number of employees, SEK, 000s  11  14  -70 
EBITA, SEK, millions  83.9  104.5  348.9 
Adjusted EBITA, SEK, millions  83.9  104.5  337.1 
EBITA margin, %  5.8  6.6  6.0 
Adjusted EBITA margin, %  5.8  6.6  5.8 
Return on total capital, %  0.8  1.0  -3.1 
Return on equity, %  0.8  1.0  -7.3 
Return on capital employed, %  1.1  1.4  -4.2 
Equity ratio, %  60.8  60.8  60.8 
Net debt ratio, multiples  0.1  0.1  0.1 
January – 
March 2026
January – 
March 2025
J a n u a r y   –  
December 
2025
Financial position
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   2 2

===== SIDA 23 =====

Overview per business area
The table shows the outcome for the quarter 
and period and to facilitate analysis of 
comparison figures, the table shows updated 
values for 2025 after establishment of a new 
business area.
THE GROUP
Net sales  1,449.9  1,593.6  1,552.3  5,712.8  5,610.4 
Adjusted EBITA result  83.9  104.5  103.8  335.6  315.7 
Adjusted EBITA margin, %  5.8  6.6  6.7  5.9  5.6 
Number of employees at the end of the period  3,652  3,772  3,834  3,714  3,652 
BUSINESS AREAS
Solutions
Net sales  716.7  862.3  800.3  2,884.1  2,800.5 
EBITA result  66.8  79.8  76.0  263.6  254.4 
EBITA margin, %  9.3  9.3  9.5  9.1  9.1 
Number of employees at the end of the period  1,508  1,623  1,611  1,536  1,508 
Experience
Net sales  276.1  286.1  286.1  1,052.9  1,042.8 
EBITA result  17.3  17.7  17.7  47.8  47.4 
EBITA margin, %  6.3  6.2  6.2  4.5  4.5 
Number of employees at the end of the period  726  775  775  763  726 
Connectivity
Net sales  145.3  148.8  148.8  583.5  580.0 
EBITA result  7.8  6.8  6.8  34.5  35.4 
EBITA margin, %  5.4  4.6  4.6  5.9  6.1 
Number of employees at the end of the period  549  568  568  560  549 
Insight
Net sales  226.0  227.9  237.8  876.6  864.8 
EBITA result  3.9  13.4  15.9  36.4  24.4 
EBITA margin, %  1.7  5.9  6.7  4.2  2.8 
Number of employees at the end of the period  538  538  559  537  538 
Products
Net sales  95.3  77.7  88.5  354.5  361.3 
EBITA result  12.2  10.2  10.9  47.8  49.1 
EBITA margin, %  12.8  13.2  12.3  13.5  13.6 
Number of employees at the end of the period  232  179  232  231  232 
S E K ,  M I L L I O N S 
January – 
March 2026
January – 
March 2025
January – 
March 2025 
incl. 
acquisition 
and disposal ¹)
J a n u a r y   –  
December 
2025 incl. 
acquisition 
and disposal ²)
April 2025 - 
March 2026  
incl. 
acquisition 
and disposal ³)
 1) Adjustment pertains to the acquisitions of Milso AB and Insicon AB for the period January to March 2025 and the disposal of Knowit Consulting Services A/S for the period January to March 2025.
2) Adjustment pertains to the acquisitions of Milso AB and Insicon AB for the period January to June 2025 and the disposal of Knowit Consulting Services A/S for the period January to June 2025.
3) Adjustment pertains to the acquisitions of Milso AB and Insicon AB for the period April to June 2025 and the disposal of Knowit Consulting Services A/S for the period April to June 2025.
Financial position
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   2 3

===== SIDA 24 =====

Cont. overview per business area
To facilitate analysis of comparison figures, the 
table shows updated values for 2025 after 
establishment of the new business area.
S E K ,  M I L L I O N S 
January – 
March 2025 
incl. 
acquitision 
and disposal 1)
April – June 
2025 incl. 
acquitision 
and disposal 2)
July – 
September 
2025
October – 
December 
2025
Januari 2025 - 
December 
2025 incl. 
acquitision 
and disposal 3)
BUSINESS AREAS
Solutions
Net sales  800.3  719.7  623.1  741.0  2,884.1 
EBITA result  76.0  49.7  62.5  75.4  263.6 
EBITA margin, %  9.5  6.9  10.0  10.2  9.1 
Number of employees at the end of the period  1,611  1,586  1,557  1,536  1,536 
Experience
Net sales  286.1  267.4  225.1  274.3  1,052.9 
EBITA result  17.7  6.3  6.8  17.0  47.8 
EBITA margin, %  6.2  2.4  3.0  6.2  4.5 
Number of employees at the end of the period  775  770  775  763  763 
Connectivity
Net sales  148.8  142.6  138.3  153.8  583.5 
EBITA result  6.8  2.8  11.8  13.1  34.5 
EBITA margin, %  4.6  2.0  8.5  8.5  5.9 
Number of employees at the end of the period  568  557  565  560  560 
Insight
Net sales  237.8  238.7  166.6  233.6  876.6 
EBITA result  15.9  10.2  -10.8  21.2  36.4 
EBITA margin, %  6.7  4.3  -6.5  9.1  4.2 
Number of employees at the end of the period  559  562  556  537  537 
Products
Net sales  88.5  88.2  77.7  100.0  354.5 
EBITA result  10.9  12.7  10.3  14.0  47.8 
EBITA margin, %  12.3  14.4  13.3  14.0  13.5 
Number of employees at the end of the period  232  230  231  231  231 
 
1) Adjustment pertains to the acquisitions of Milso AB and Insicon AB for the period January to March 2025 and the disposal of Knowit Consulting Services A/S for the period January to March 2025. 
2) Adjustment pertains to the acquisitions of Milso AB and Insicon AB for the period April to June 2025 and the disposal of Knowit Consulting Services A/S for the period April to June 2025.
3) Adjustment pertains to the acquisitions of Milso AB and Insicon AB for the period January to June 2025 and the disposal of Knowit Consulting Services A/S for the period January to June 2025.
Financial position
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   2 4

===== SIDA 25 =====

Overview per country
The table shows the outcome per quarter and 
period, with comparison figures presented to 
facilitate analysis.
Sweden
Net sales  641.0  665.2  2,534.8  2,510.6 
EBITA  35.7  43.6  153.6  145.7 
EBITA margin, %  5.6  6.5  6.1  5.1 
Number of employees at the end of the period  1,762  1,818  1,780  1,762 
Norway
Net sales  463.3  483.7  1,732.3  1,712.0 
EBITA  43.4  50.5  164.2  157.1 
EBITA margin, %  9.4  10.4  9.5  9.2 
Number of employees at the end of the period  905  947  916  905 
Finland
Net sales  160.7  173.2  642.8  630.3 
EBITA  10.6  12.3  51.9  50.3 
EBITA margin, %  6.6  7.1  8.1  8.0 
Number of employees at the end of the period 405 431  422  405 
Poland
Net sales  53.3  55.4  222.3  220.2 
EBITA  5.2  4.1  21.7  22.8 
EBITA margin, %  9.7  7.3  9.8  10.4 
Number of employees at the end of the period 282 293  291  282 
Denmark
Net sales  115.6  209.9  623.9  529.6 
EBITA  10.1  13.8  24.5  20.8 
EBITA margin, %  8.8  6.6  3.9  3.9 
Number of employees at the end of the period 237 268  244  237 
S E K ,  M I L L I O N S 
January – 
March 2026
January – 
March 2025
J a n u a r y   –  
December 
2025
April 2025 - 
March 2026
Financial position
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   2 5

===== SIDA 26 =====

Definitions
Alternative performance measures
Knowit uses alternative performance 
measures, as we believe they are relevant for 
following up the long-term financial targets 
and to provide a fair view of Knowit's profit and
financial position. For instance, the Board has
determined that the Company should grow
faster than the market, with the goal of an 
annual growth rate of around 15 percent over
time, and that the EBITA margin should grow
to 12 percent over time. Further, net liabilities
relative to EBITDA should not exceed two
multiples over time. We also monitor capital
employed, as it is an important aspect of the
working capital turnover. Knowit’s alternative
performance measures are return on equity,
return on capital employed, EBITA margin,
EBITA result, EBITDA result, average capital
employed and equity, adjusted EBITA margin,
adjusted EBITA result, net debt ratio, net sales
per segment, and sales growth.
The calculations of alternative performance
measures on this page pertain to the period
January – March 2026.
For more information on our long-term
financial targets and further definitions of
performance measures, see pages 19 and
170 in the Annual Report for 2025.
Adjusted EBITA margin
Adjusted EBITA result in relation to net sales 
for the period.
(83.9 / 1,449.9 = 5.8%)
Adjusted EBITA result
EBITA is adjusted for items that affect 
comparability between different periods, to 
ease understanding of the Group’s underlying 
operations. Adjusted items include costs 
related to acquisitions and disposals, such as 
costs for financial consulting, restructuring, 
integration programs, and significant items 
attributable to specific events. (83.9) 
Average capital employed
The average of the period’s opening and 
closing balances of equity plus interest-
bearing liabilities. 
((3,628.6 + 607.9 + 150.6 + 3,711.9 + 598.1 + 
150.3) / 2 = 4,423.7)
Average equity
The average of the period’s opening 
equity balance and the period’s closing 
equity balance. 
((3,628.6 + 3,711.9) / 2 = 3,670.3)
Average total capital
The average of the period’s opening total 
balance sheet and the period’s closing total 
balance sheet. 
((6,109.4 + 5,969.0) / 2 = 6,039.2)
EBITA margin 
Earnings before amortization of intangible 
assets (EBITA) in relation to net sales for 
the period. 
(83.9 / 1,449.9 = 5.8%)
EBITA result 
Earnings before amortization and impairment 
of intangible assets. 
(83.9)
EBITDA result
Earnings before depreciation of property, 
plant and equipment, and amortization of 
intangible assets.
(83.9 + 41.9 = 125.9)
Net debt 
Interest-bearing liabilities less financial 
interest-bearing assets less cash and 
cash equivalents. 
(598.1 + 150.3 - 409.8 = 338.6)
Net debt ratio 
Used to show the Company’s indebtedness. 
Net debt in relation to equity. 
(338.6 / 3,711.9 = 0.1 multiples)
Net sales per segment
To promote collaboration between segments, 
the Corporate Management Team has 
decided that net sales for segments shall 
include deductions for internal direct costs.
Normal working hours 
The number of hours an employee working 
full-time is expected to work. Normal working 
hours are weighted, meaning that account is 
taken of differences that may occur between 
countries, legal entities, contracts, etc.
Return on capital employed
Profit after financial items plus financial 
expenses expressed as a percentage of 
average capital employed.
((39.1 + 8.0) / 4,423.7 = 1.1%)
Return on equity 
Profit after full tax as a percentage of average 
equity including non-controlling interests. 
(30.7 /3,670.3 = 0.8%)
Return on total capital
Earnings after financial items plus financial 
costs in percent of average total capital. 
((39.1 + 8.0) / 6,039.2 = 0.8%)
Sales growth 
Shows how much a company’s sales have 
changed over a certain period. The period’s 
net sales less the net sales of the preceding 
period, in relation to the net sales of the 
preceding period.
((1,449.9 - 1,593.6) / 1,593.6 = -9.0%)
Definitions
K N O W I T  A B  I N T E R I M  R E P O R T  J A N U A R Y  –  M A R C H  2 0 2 6   2 6