Menu FINANCIAL INFORMATION Financial information Corporate governance Financial reports Financial calendar Financial review Knowit’s share Data per share Development of share capital Ownership distribution AGM Analysts CONTACT US Christina Johansson CCO CONTACT ME CONTACT US Anna Jennehov CFO CONTACT ME Financial reports 2018 Knowit Interim report Q1 2018 26 Apr 2018 Knowit Interim report Q2 2018 16 Jul 2018 Financial calendar 16 JUL 13:00 Interim report Q2 2018 2018 Jul 16 23 OCT 8:30 Interim report Q3 2018 2018 Oct 23 8 FEB 8:30 Year-end report 2018 2019 Feb 08 Financial review Net sales and result, SEK million Capital structure, SEK million Profitability Employees NET SALES AND RESULT, SEK million 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 Net sales 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 1,308.3 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 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 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. Share capital 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. Market listing 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). 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 2017 the Board of Directors recommends a dividend of SEK 4.75 (3.75) per share. Data per share Data per share 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 No. of shares on balance sheet day, 000s, basic 19,319 18,914 18,389 18,389 17,644 *) 17,644 17,275 17,075 14,874 13,978 No. of shares on balance sheet day, 000s, diluted 19,319 18,914 18,389 18,389 17,644 *) 17,644 17,793 17,593 15,392 13,978 Average no. of shares, 000s, basic 19,028 18,716 18,389 18,097 17,644 *) 17,463 17,204 16,717 14,519 12,978 Average no. of shares, 000s, diluted 19,028 18,716 18,389 18,097 17,644 *) 17,463 17,346 16,834 14,519 12,978 Earnings per share, SEK, basic 10.22 7.39 4.58 2.83 2.86 4.47 6.81 6.15 6.48 7.20 Earnings per share, SEK, diluted 10.22 7.39 4.58 2.83 2.86 4.47 6.76 6.10 6.48 7.20 Equity per share, SEK, basic 49.05 44.15 40.18 42.79 44.23 48.12 46.82 41.77 37.52 31.99 Equity per share, SEK, diluted 49.05 44.15 40.18 42.79 44.23 48.12 46.90 42.00 37.92 31.99 Cash flow per share, SEK, basic 3.11 0.16 -4.54 -0.76 0.57 -1.49 -1.99 2.36 0.82 0.63 Cash flow per share, SEK, diluted 3.11 0.16 -4.54 -0.76 0.57 -1.49 -1.98 2.34 0.78 0.63 Dividend per share, SEK 4.75 1) 3.75 3.25 3.25 3.25 3.25 3.25 2.75 2.25 2.25 Share price, SEK 115.50 89.75 56.50 55.00 57.50 46.60 47.50 73.50 67.25 17.50 P/e ratio 11.3 12.2 12.3 19.4 20.1 10.4 7.0 12.0 10.4 2.4 1) Proposed dividend *) Excluding repurchased shares, 49,000 in total Development of share capital Year Activity Change in no. of shares Total no. of shares Quota value, SEK Change in share capital, SEK million Total share capital, SEK million 2008 Opening balance 12,374,675 1 12.4 2008 New share issue 1) 188,096 12,562,771 1 0.2 12.6 2008 New share issue 2) 283,738 12,846,744 1 0.3 12.9 2008 New share issue 3) 829,738 13,676,482 1 0.8 13.7 2008 New share issue 4) 84,100 13,760,582 1 0.1 13.8 2008 New share issue 5) 91,005 13,841,587 1 0.1 13.9 2008 New share issue 6) 175,431 14,027,018 1 0.2 14.0 2009 New share issue 7) 895,953 14,922,971 1 0.9 14.9 2010 New share issue 8) 1,345,050 16,268,021 1 1.3 16.2 2010 New share issue 9) 856,149 17,124,170 1 0.9 17.1 2011 New share issue 10) 199,999 17,324,169 1 0.2 17.3 2012 New share issue 11) 368,553 17,692,722 1 0.4 17.7 2014 New share issue 12) 745,044 18,437,766 1 0.7 18.4 2014 Withdrawal of formerly repurchased shares -48,734 18,389,032 1 0.0 18.4 2016 Off-set issue 13) 525,092 18,914,124 1 0.5 18.9 2017 Off-set issue 14) 164,879 19,079,003 1 0.2 19.1 2017 Off-set issue 15) 60,214 19,139,217 1 0.0 19.1 Notes 1) New share issue, payment of additional consideration in connection with acquisition 2) New share issue for 2005 option program 3) New share issue, payment of additional consideration in connection with acquisition 4) New share issue, payment for acquisition of shares in Unified Consulting AS 5) New share issue, payment for acquisition of Net Result International AB 6) New share issue for 2006 option program 7) New share issue for acquisition of HiBC Systemutveckling AB 8) New share issue, payment for acquisition of shares in Know IT Objectnet AS 9) New share issue, payment of additional consideration in connection with acquisition 10) New share issue for acquisition of Endero Oy 11) New share issue for acquisition of Reaktor AS and subsidaries 12) Off-set issue in connection with acquisition of Reaktor AS and subsidiaries 13) Off-set issue in connection with acquisition of Knowit Amende AS and non-controlling interest shares in Knowit Experience Holding AS, Knowit Stavanger AS, Knowit Infra Syd AB and Knowit Infrastructure Göteborg AB 14) Off-set issue in connection with acquisition of Knowit Dataess AS and non-controlling interest shares in Knowit Quality Management Oslo AS and Knowit Experience eCommerce AB 15) Off-set issue in connection with acquisition of Require AB Ownership distribution The ten largest shareholders (2017-12-29) Number of shares Percentage of capital and votes Fidelity 1,683,800 8.80 Swedbank Robur 1,491,624 7.79 Handelsbanken 1,000,981 5.23 Nordea 869,398 4.54 MSIL IPB Client Account 857,381 4.48 Societe Generale 743,000 3.88 Unionen 631,968 3.30 BNYMSANV RE BNYM RE ODDO ET CIE 480,272 2.51 Carnegie Micro Cap 400,219 2.09 BNYM Regents of the University 377,190 1.97 Total, ten largest shareholders 8,535,833 44.59 Others 10,603,384 55.41 Total 19,139,217 100.00 AGM 2018 Minutes AGM 2018 26 Apr 2018 Analysts Daniel Thorsson Analyst, ABG Sundal Collier Tel: +46856628682 Erik Elander Equity & Credit Research, Handelsbanken Tel: +4687013141 On knowit.eu, we use cookies to optimize your experience of the website. 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