Uncertain market affects the results of the second quarter
During the second quarter of the year, Knowit has been more impacted than previously by a weaker market. Net sales for the quarter increased by 6.9 percent, combined with an adjusted EBITA margin of 4.4 percent. Net sales were SEK 1,758.8 (1,644.7) million and the EBITA profit, adjusted for acquisiton and integration costs, was SEK 76.8 (140.5) million. The effects of the economic downturn has hit harder and faster than expected and cause increased uncertainty about the development on all markets where Knowit operates. This is seen primarily in longer sales cycles for new assignments and