KNOWNasdaq StockholmTechnologyIFRS · SEK

Knowit

Knowit is a Nordic digital consultancy that combines strategy, design, technology, and data capabilities to build and run digital solutions for organizations. The group operates through multiple business areas and delivery teams across Sweden, Norway, Finland, Denmark, Poland, Germany, and Serbia.

Revenue5,798m SEK
−98.3 %y/y
Operating profit (EBIT)0.0m SEK
−100.0 %y/y
EBIT margin0.0%
−0.1 ppy/y
Net income-282m SEK
−355.2 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

0100200300400bn SEK2020: 3.4 bn SEK2020: EBIT 0.32 bn SEK20202021: 4.8 bn SEK2021: EBIT 0.36 bn SEK20212022: 6.8 bn SEK2022: EBIT 0.45 bn SEK20222023: 7.1 bn SEK2023: EBIT 0.31 bn SEK20232024: 346.4 bn SEK2024: EBIT 0.20 bn SEK20242025: 5.8 bn SEK2025: EBIT 0.00 bn SEK20255.80.00
RevenueOperating profit (EBIT)

Business

Share of revenue
Solutions30 %

Technology and business systems that support clients' operations and digital transformation.

Experience20 %

Design, customer experience, and digital interface services for client-facing solutions.

Connectivity20 %

Connected systems, software, and technical development for complex digital environments.

Insight15 %

Data, analytics, and AI-led advisory and implementation services.

Strategy and advisory15 %

Business and technology advisory work that shapes digital roadmaps and operating models.

Customers

Knowit serves companies and organizations that need help modernizing processes, systems, and customer interfaces. Its client base spans both private and public-sector users, with demand tied to digitalization, automation, data use, and sustainability initiatives.

Enterprise clients

Large companies buying consulting, software, and transformation work to improve operations and competitiveness.

Public sector and institutions

Government and institutional customers using Knowit for digital services, systems, and modernization projects.

Technology and telecom clients

Customers needing connectivity, software, and technical delivery for complex digital environments.

Customer experience buyers

Organizations purchasing design and experience services to improve digital channels and user journeys.

Data and AI adopters

Clients seeking analytics, AI, and cloud-based solutions to improve decision-making and automation.

Strategy

Knowit focuses on digital transformation, using AI, cloud, data, design, and strategy to deepen client relationships and broaden solution scope. Its strategy emphasizes stronger customer value, an attractive platform for employees, and high operational quality across its decentralized business model.

Deepen strategic client partnershipsMedium term

Longer and broader relationships increase recurring project opportunities and cross-selling across business areas.

Build a more data-driven and AI-enabled offeringMedium term

AI and data capabilities strengthen differentiation in consulting and improve client value creation.

Improve operational quality and coordinationShort term

A decentralized model needs consistent execution to protect margins, delivery quality, and scalability.

Strengthen the employee platformMedium term

Consulting capacity depends on attracting and retaining skilled personnel in competitive labor markets.

Geography

Knowit is anchored in the Nordic region, with its largest operating footprint in Sweden, Norway, Finland, and Denmark. It also has delivery teams in Poland, Germany, and Serbia, which support nearshore and specialized project execution for regional clients.

Risks

Knowit is exposed to cyclical demand for consultancy services, pricing pressure, and the ability to recruit and retain skilled employees. Its project mix, decentralized structure, and exposure to client investment decisions also create volatility in utilization, while exchange rates and fixed-price engagements can affect reported outcomes.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Reduced demand for consultancy services1Difficulty attracting and retaining skilled personnel2Price pressure in the market3Foreign exchange volatility4Fixed-price project execution risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Reduced demand for consultancy servicesImpact: HighLikelihood: High

    Client spending on digital projects is cyclical and can slow when economic conditions weaken.

    Exposure: Project-based consulting demand

  2. Difficulty attracting and retaining skilled personnelImpact: HighLikelihood: Medium

    Knowit's business depends on specialized consultants, so staffing gaps directly limit delivery capacity.

    Exposure: Consultant utilization and project execution

  3. Price pressure in the marketImpact: MediumLikelihood: High

    Competitive bidding and framework renegotiations can lower pricing and margins.

    Exposure: Framework agreements and new project wins

  4. Foreign exchange volatilityImpact: MediumLikelihood: Medium

    The group operates across several currencies, so translation and transaction effects can move reported results.

    ExposureSEKNOKDKKEURPLNRSD
  5. Fixed-price project execution riskImpact: MediumLikelihood: Low

    Underestimated scope or delivery issues can reduce profitability on contracted work.

    Exposure: Selected consulting and implementation projects

Accounting

Judgemental items
Project revenue recognition

Consulting and implementation work may be recognized over time, so contract timing affects quarterly revenue.

Impact: Reported sales and margins can shift with project progress

Share-based LTIP accounting

Performance-based share programs require fair-value and vesting estimates.

Impact: Personnel expense and equity reserves

Provisions and legal claims

The group has disclosed legal and repayment-related matters that may require judgment on expected outcomes.

Impact: Other operating items and liabilities

Foreign currency translation

Operations across multiple currencies create translation effects in consolidation.

Impact: Revenue, expenses, and balance-sheet items

IFRS 18 transition

The company is assessing reporting changes under the new standard.

Impact: Presentation and comparability of future financial statements

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Knowit (XSTO) – Technology | Financial Analysis – Clarifo