Knowit (KNOW) Q2 2026 earnings summary

Executive summary

• Adjusted EBITA and margin improved in Q2 2026, driven by operational efficiency, higher utilization, and sales growth in key areas, despite a 3.8% revenue decline.

• Leadership transition announced: Fredrik Ekerhovd to become acting CEO from August 1, 2026, as Per Wallentin steps down.

• Focus is shifting from operational efficiency to profitable organic growth, with AI and data integration as key drivers for future development.

• Client activity is gradually improving, but some areas still face slow decision-making and uncertainty.

Financial highlights

• Q2 2026 net sales were SEK 1,433.2 million, down 3.8% year-over-year; adjusted EBITA was SEK 61.5 million, up from SEK 54.0 million; adjusted EBITA margin rose to 4.3% from 3.6%.

• EBITA margin for H1 was 3.7% (5.0% last year); adjusted EBITA margin was 5.0% (5.1%).

• SEK 38.5 million in CEO transition costs adjusted out of EBITDA.

• Cash flow from operating activities for H1 increased to SEK 114.3 million (SEK 80.7 million).

• Equity ratio at 61.3% as of June 30, 2026.

Outlook and guidance

• Continued focus on profitable organic growth, especially in AI, defense, data, and cybersecurity.

• Market expected to gradually improve, with a healthy pipeline and increased client activity, but slow decision-making persists in some segments.

• Products segment expected to improve margins in H2 2026 and outperform 2025 full-year results.