Knowit — Regulatory Filings 2021

May 5, 2021

knowit

Press Release

Date

5 May, 2021

Knowit updates financial targets and dividend policy

The Board of Directors of Knowit AB (publ) (“Knowit” eller “Company”) has set new financial targets, replacing the previous ones. Further, the Board of Directors have decided on a new dividend policy.

Knowit’s Chairman of the Board Jon Risfelt commented:

“Knowit is uniquely positioned to drive and accelerate the digital transformation towards the sustainable business models of tomorrow. By the acquisition of Cybercom, we are further strengthening our position in the Nordic market, creating a platform for profitable growth and continued selective acquisitions.”

The financial targets consist of:

• Growth target: Sales growth exceeding market growth, targeting an annual growth rate of around 15 percent over time. Growth is to be achieved sustainably by continued organic growth and acquisitions.
• Earnings target: EBITA target of 12 percent of net sales over time.
• Capital structure: Net debt in relation to EBITDA should not exceed 2x over time.
• Dividend policy: The ambition is to pay dividends corresponding to 40-60 percent of profit after tax. The dividend should reflect the Board’s expectations on future market development, as well as the Company’s growth strategy.

Further, Knowit’s ambition is to update its non-financial sustainability targets during the course of the year.

This information is information that Knowit AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Per Wallentin, CEO, at 2021-05-05 07:00 CEST.

For more information, please contact

Marie Björklund, CFO Knowit, +46 70 144 98 02 or marie.bjorklund@knowit.se

Per Wallentin, CEO & President Knowit, +46 73 746860 or per.wallentin@Knowit.se

About Knowit

Knowit AB (publ) is a consultancy firm that supports its clients in the digital transformation. The Company develops sustainable and innovative solutions that contribute to high business value for its clients. Knowit stands out among other consultancy firms through its decentralized organization and agile work methods in its client assignments. The operations are divided across three business areas: Solutions, Experience, and Insight, which offer services in tailored system development, digital customer experiences, and management consultancy. Competences from several business areas are often combined in the client projects. Knowit’s vision is to create a sustainable and humane society through digitalization and innovation. The Company was established in 1990 and now has around 2,600 employees in 15 locations in Sweden, five in Norway, and one each in Denmark, Finland, and Germany. Knowit AB (publ) is listed on Nasdaq Stockholm. For more information on Knowit, please visit knowit.se