Karnov Group reports first quarter results 2023
European growth with strong operating cash flowFinancial highlights first quarter · Organic growth was 5.8% in the quarter. The Group’s net sales increased by 140.7% to SEK 614 m (actual 255, proforma* 571). Acquired growth contributed with 132.3%. Currency effect was 2.6%. Net sales in Region North was SEK 278 m (255) and net sales in Region South was SEK 336 m (proforma* 316) · The Group’s adjusted EBITA amounted to SEK 140 m (actual 104, proforma* 135) with adjusted EBITA margin of 22.9% (actual 40.8%, proforma 23.6%). Region North contributed with SEK 120 m (115), Region South