Year-end report 2018
Interim report Q1 2019
Interim report Q2 2019
Interim report Q3 2019
Year-end report 2019
|NET SALES AND RESULT, SEK million||2017||2016||2015||2014||2013||2012||2011||2010||2009||2008|
|Operating result before amortization of intangible assets||281.8||211.6||163.9||120.9||114.2||141.3||198.9||176.5||154.2||151.6|
|Income after financial items||266.7||191.8||116.0||82.5||86.5||107.1||165.4||146.2||131.8||133.9|
|Profit margin, %||9.8||7.9||5.3||4.1||4.3||5.5||8.9||8.6||9.5||10.2|
|Operating margin, %||10.3||8.7||7.4||6.0||5.8||7.3||10.7||10.4||11.1||11.6|
|Sales growth, %||12.7||10.0||8.6||2.9||2.2||3.4||10.0||22.6||5.9||33.2|
|CAPITAL STRUCTURE, SEK million||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||31 Dec 2008|
|Other fixed assets||51.8||53.6||52.8||42.7||39.1||40.9||41.1||42.0||30.0||32.1|
|Assets in disposal groups||4.3||-||-||15.3||-||-||-||-||-||-|
|Equity attributable to Parent Company's shareholders||938.7||835.0||738.9||786.7||780.4||849.0||808.8||713.2||558.0||447.2|
|Interest-bearing long-term liabilities||55.0||101.1||81.6||93.6||104.4||79.8||125.3||192.7||154.9||205.2|
|Other long-term liabilities||39.0||34.8||36.2||44.4||53.2||57.3||82.6||75.1||55.5||78.8|
|Interest-bearing current liabilities||95.2||62.7||138.9||178.7||209.9||167.1||104.3||111.0||61.5||64.7|
|Other current liabilities||652.4||568.7||466.4||436.4||440.9||456.3||447.5||419.5||354.9||368.1|
|Liabilities in disposal groups||1.2||-||-||14.8||-||-||-||-||-||-|
|TOTAL EQUITY AND LIABILITIES||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||1,173.5|
|Equity/assets ratio, %||53.0||52.4||51.0||51.0||49.3||52.9||51.7||47.3||47.1||38.9|
|Investments in goodwill and other fair value adjustments||7.3||-||10.7||5.0||74.5||13.9||18.3||271.5||0.4||350.0|
|Investments in machinery and equipment||13.4||4.8||12.7||8.2||4.5||8.2||7.9||4.3||2.9||
|Cash flow before investments||196.9||193.1||68.5||97.7||106.0||10.0||107.5||140.6||143.7||127.1|
|Net cash and cash equivalents||-45.0||-119.0||-213.8||-180.9||-209.9||-145.7||-103.0||-141.9||-85.4||-154.8|
|Acid test ratio, x||1.1||1.0||0.9||0.9||0.9||1.1||1.0||1.0||1.0||0.9|
|Net debt ratio, x||0.0||0.1||0.3||0.2||0.3||0.2||0.1||0.2||0.2||0.3|
|Return on capital, %||16.2||13.2||9.0||6.3||6.0||7.6||11.4||11.5||12.0||14.9|
|Return on equity, %||22.5||18.1||11.9||7.5||6.6||9.7||15.6||16.3||18.5||24.5|
|Return on capital employed, %||26.2||20.5||13.2||9.3||8.8||11.3||17.1||17.2||18.8||24.6|
|Average number of employees||1,864||1,737||1,769||1,737||1,681||1,646||1,539||1,376||1,123||1,041|
|Net sales per employee||1.5||1.4||1.2||1.2||1.2||1.2||1.2||1.2||1.2||1.3|
|Value added per employee||1.1||1.0||0.9||0.9||0.8||0.8||0.8||0.9||0.9||0.8|
|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||2,065||1,867||1,802||1,788||1,833||1,739||1,670||1,470||1,117||11121|
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 increased by 75.3 percent during the year, on an exchange where the IT index increased by 9.2 percent. The share was traded on all trading days of the year.
As of December 30 2017, Knowit’s share capital was SEK 19.1 million, distributed among 19,139,217 shares at a quota value of SEK 1 each. All shares carry the same number of votes and rights to dividends.
The share price at the end of the fiscal year was SEK 155.50 (89.75) per share, corresponding to a total market capitalization of SEK 2,976.1 (1,697.5) million. During the year, the share price increased by 73.2 percent, which can be compared to an increase of 6.4 percent for the general index and an increase of 9.2 percent for the IT index. The highest price paid during the year was SEK 161.00 on October 31 2017, while the lowest price was SEK 88.00 on January 23-25 2017. During the fiscal year, 6.8 (10.4) million Knowit shares were traded on the Stockholm Stock Exchange, or an average of 27,190 (41,086) shares per trading session. The number of shares traded corresponds to 35.6 (54.9) percent of the total shares at year-end. The share was traded on all 251 trading days. The total number of shareholders as per December 31 2017 was 6,707 (5,875).
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.
For fiscal 2017 the Board of Directors recommends a dividend of SEK 4.75 (3.75) per share.
Analyst, ABG Sundal Collier
Equity & Credit Research, Handelsbanken
TMT sectors, Equity Research, Pareto Securities AB