Karnov Group reports third quarter results 2020
Stable quarter, strong resultFINANCIAL HIGHLIGHTS THIRD QUARTER · Net sales up 2% to SEK 193 m (190), organic growth was 3%. · EBITA amounted to SEK 77 m (69) with EBITA margin of 39.9% (36.5%). · Adjusted EBITA increased by 4% to SEK 77 m (74) and adjusted EBITA margin was 39.9% (38.9%). · Net result amounted to SEK 28 m (32). · Earnings per share after dilution amounted to SEK 0.28 (0.33). · Adjusted operating cash flow amounted to SEK -1 m (2). CEO flemming breinholt comments on the quarter: With a steady growth in our online offering and continued focus on