Karnov Group reports fourth quarter and full-year results 2023
A successful year – now launching our Acceleration InitiativeFinancial highlights fourth quarter · Organic growth (constant currency) was 3.8% in the quarter. The organic growth was 6.4% adjusted for the divested training business and one-off sales of school publications in Region North in Q4 2022. · The Group’s net sales increased by 72.2% to SEK 634 m (actual 368 proforma* 600). Acquired growth contributed with 66.5%. Currency effect was 1.8%. · The Group’s adjusted EBITA amounted to SEK 122 m (actual 93, proforma* 106) with adjusted EBITA margin of 19.2% (actual 25.1%,