May 3, 2023

Knowit Wed, May 03, 2023 07:30 CET Knowit is starting the year with continued revenue growth and good profitability. Net sales in the quarter increased by 16.2 percent combined with an adjusted EBITA margin of 10.1 percent. Net sales amounted to SEK 1,970.5 (1,695.3) million and the EBITA result, adjusted for acquisition and integration costs, to SEK 198.1 (194.2) million. Demand for high-quality digitalization services and solutions is relatively stable and Knowit continues to strengthen its position as a leading player in digital transformation. The consequence of increased geopolitical uncertainty and a changed macroeconomic climate is still noticed through longer decision-making processes regarding new projects, as well as new challenges when it comes to hiring primarily more junior consultants. “Starting the year, we have met good demand in our four business areas, albeit with a growing tendency from our clients to wait compared with a year ago, when the economy was still very strong. I am particularly proud of the continued positive development in the business area Connectivity, which delivers good growth and profitability, largely thanks to our ability to adjust quickly and reallocate competencies in line with our clients’ needs. The business area Experience also shows stable development during the quarter, while the business areas Insight and Solutions are challenged by longer lead times with some clients,” says Per Wallentin, President and CEO. Continually working to develop Knowit as an employer has remained a high strategic priority during the opening quarter of the year, albeit with a lower recruitment pace than during the same period last year. In a market characterized by some reluctance among clients, the focus is increasingly on new sales and a close dialogue with existing clients regarding ongoing client projects, renegotiations, and extensions. “Knowit has a strong position as a digitalization partner for Nordic companies and I look with confidence to the coming year, despite the fact that the market situation is more difficult to assess than a year ago. Our ability to be agile and quickly adapt to changing market conditions and our clients’ needs will be a strength in a world that remains uncertain,” concludes Per Wallentin. For more detailed information on the results of the first quarter, please see the Interim Report available on the website and attached to this press release. Presentation of interim report Knowit invites investors, analysts, and media to a presentation of the interim report today, Wednesday, May 3. President and CEO Per Wallentin and CFO Marie Björklund comment on the results and answer questions. Link to audiocast: https://www.investis-live.com/knowit/63b6f5e8d426f40c00068ca6/jarve Phone number to audiocast: Finland                                 +358 75 3252542 Sweden                                +46 10 884 80 16 United Kingdom                   +44 20 3936 2999 United States                       +1 855 9796 654 Other                                    +44 20 3936 2999 Pin:                                       244525 No advance notification is necessary. After the presentation, a recording of the webcast will be available at https://www.knowit.eu/investor-relations/reports--presentations/ The information contained herein is such as shall be made public by Knowit, in accordance with the EU Market Abuse Regulation. This press release was made public through the agency of President and CEO Per Wallentin, at 7:30 AM CEST on May 3, 2023. For more information, please contact: Marie Björklund, CFO, +46 (0)70-144 98 02, marie.bjorklund@knowit.se Christina Johansson, Head of Communications, +46 (0)70-542 1734, christina.johansson@knowit.se Annika Billberg, Investor Relations, +46(0)70-267 97 91, annika.billberg@knowit.se About Knowit We are digitalization consultants and a Nordic powerhouse for the digital business models of the future. Our vision is to create a sustainable and humane society through digitalization and innovation. Knowit supports its clients in the digital transformation and stands out among other consultancy firms through its decentralized organization and agile work methods in client assignments. The operations are divided into four business areas – Solutions, Experience, Connectivity, and Insight – which offer services in bespoke system development, digital customer experiences, the internet of things, cloud, cybersecurity, and management consultancy. Competences from several business areas are often combined in client projects. Knowit was founded in 1990 and has around 4,400 employees, mainly in the Nordic countries, but also in operations in Germany and Poland. Knowit AB (publ) has been listed on the stock market since 1997 and is currently listed on Nasdaq OMX Stockholm Mid Cap. For more information about Knowit, please visit knowit.eu.