Progressing with the Group's cost-efficiency initiatives. Accelerating strategy execution for further profitable growth in
Financial highlights first quarter
- The Group's net sales increased by 2.9% to
SEK 632 m (614). Organic growth (constant currency) was 2.5%. Currency effect was 0.4%. -
The Group's adjusted EBITA amounted to
SEK 144 m (140) with adjusted EBITA margin of 22.7% (22.9). -
Net result amounted to
SEK -12 m (18). -
Earnings per share before and after dilution amounted to
SEK -0.11 (0.17). -
Adjusted free cash flow amounted to
SEK 107 m (153).
Comment from CEO
Solid net sales growth within the Group
The Group's net sales amounted to
We experience tailwinds from increased regulations within
The Group's adjusted EBITA margin reached 23% in the first quarter, in line with the previous year. We have a strong focus on costs and harvesting synergies from our two cost-efficiency initiatives, which was off-set by higher depreciations in the first quarter.
The adjusted free cash flow was
Region South integration ahead of plan
We continue to progress ahead of plan with the Region South integration. We have migrated close to 70% of the Aranzadi content onto the common content platform. Our cross-selling initiatives in
We are transforming our French business Lamy Liaisons and started the year positively. We are making a turn-around and have strengthened our sales team as a first step. We will also launch a modernised product suite in the fall for greater customer value and profitable growth.
By the end of the first quarter, the annual run-rate synergies from the Region South integration amounted to
Acceleration Initiative for further customer value and profitable growth
Encouraged by the successful merger in
By the end of the first quarter, the annual run-rate synergies from the Acceleration Initiative amounted to
At the forefront of transformation
We have through the decades consistently developed our solutions to generate mission-critical value for our customers. 25 years ago, we launched our online legal research platform, rapidly making our customers more efficient. Generative AI is the next technology shift and a tailwind for our industry. Updated, local jurisdiction proprietary content is indispensable for trustworthy AI solutions and that is
conference call on
A webcasted telephone conference will be held at
You can follow the presentation via webcast and ask questions in written form on the following page:
https://ir.financialhearings.com/karnov-group-q1-report-2024
If you wish to participate via telephone, and thereby be able to ask questions verbally, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://conference.financialhearings.com/teleconference/?id=50048829
The presentation material and the report will be available before the conference starts at www.karnovgroup.com. An on-demand version will also be available after the presentation. The presentation will also be available on www.financialhearings.com.
For more information, please contact:
Pontus Bodelsson, President and CEO
Telephone: +46 709 957 002
Email: pontus.bodelsson@karnovgroup.com
Telephone: +46 708 555 540
Email: magnus.hansson@karnovgroup.com
Telephone: +46 707 597 668
Email: erik.berggren@karnovgroup.com
This press release contains inside information that
https://news.cision.com/karnov-group/r/karnov-group-reports-first-quarter-results-2024,c3972647
https://mb.cision.com/Main/4658/3972647/2776014.pdf
https://mb.cision.com/Public/4658/3972647/a2027b9310295fed.pdf
(c) 2024 Cision. All rights reserved., source