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    Karnov Group reports third quarter results 2024

    Margin expansion, new AI solutions and launching next phase of the integrationFinancial highlights third quarter · The Group’s net sales increased by 4.7% to SEK 648 m (619). Organic growth (constant currency) was 2.4%. Currency effect was -2.4%. Acquired growth was 4.7%. · The Group’s adjusted EBITA amounted to SEK 143 m (116) with adjusted EBITA margin of 22.1% (18.7). · Net result amounted to SEK -12 m (21). · Earnings per share before and after dilution amounted to SEK -0.11 (0.20). · Adjusted free cash flow amounted to SEK -32 m (-65).      Comment from CEO

    Invitation to Q3 Earnings Teleconference

    Karnov Group (Nasdaq: KAR) will publish its financial report for the third quarter on 6 November at around 07.45 a.m. CET and Management will host a webcasted telephone conference the same day at 09.00 a.m. CET.Karnov Group’s interim report for the period January – September 2024 will be published on Wednesday 6 November 2024 at around 07.45 a.m. CET. A webcasted telephone conference will be held at 09.00 a.m. CET the same day, where CEO Pontus Bodelsson and CFO Magnus Hansson will present the report and answer questions.   You can follow the presentation via webcast and ask questions

    Karnov Group has appointed the Nomination Committee for the AGM 2025

    Karnov Group (publ) has appointed its Nomination Committee for the Annual General Meeting 2025 in accordance with the Instruction for the Nomination Committee.The Nomination Committee consists of: · Will Brennan, Portfolio Manager, Long Path Partners, USA; · David Nadel, Portfolio Manager, Invesco, USA; · Ulrik Grönvall, Portfolio Manager, Swedbank Robur, Sweden; and · Magnus Mandersson, Chairman of the Board, Karnov Group AB (publ).   Ulrik Grönvall has been appointed the Chairman of the Nomination Committee.   Shareholders who wish to submit proposals to the

    Karnov Group reports second quarter results 2024

    Delivering on the profitable growth strategyFinancial highlights second quarter · The Group’s net sales increased by 2.5% to SEK 623 m (608). Organic growth (constant currency) was 2.6%. Currency effect was 0.3%. · The Group’s adjusted EBITA amounted to SEK 132 m (109) with adjusted EBITA margin of 21.1% (18.0). · Net result amounted to SEK 1 m (-26). · Earnings per share before and after dilution amounted to SEK 0.01 (-0.24). · Adjusted free cash flow amounted to SEK 14 m (-15).      Comment from CEO Pontus Bodelsson Karnov Group delivers on its profitable growth

    Invitation to Q2 Earnings Teleconference

    Karnov Group (Nasdaq: KAR) will publish its financial report for the second quarter on 21 August at around 07.45 a.m. CEST and Management will host a webcasted telephone conference the same day at 09.00 a.m. CEST.Karnov Group’s half-year report for the period January – June 2024 will be published on Wednesday 21 August 2024 at around 07.45 a.m. CEST. A webcasted telephone conference will be held at 09.00 a.m. CEST the same day, where CEO Pontus Bodelsson and CFO Magnus Hansson will present the report and answer questions.   You can follow the presentation via webcast and ask questions

    Statement by the Board of Directors in relation to the withdrawal of the public offer from Greenoaks and Long Path

    On 5 June 2024, Greenoaks Capital Partners and Long Path Partners (the “Bid Consortium”) announced, through Forseti III AB (“BidCo”), that their public offer (the “Offer”) to the shareholders of Karnov Group AB (publ) (“Karnov Group”) had only been accepted by shareholders representing 25.7 per cent of all shares in Karnov Group and that the acceptance period was extended to 14 June 2024. Today on 17 June 2024, BidCo announced that the Offer had only been accepted by shareholders representing 26.2 per cent of all shares in Karnov Group by the end of the extended acceptance period, and that

    Karnov Group acquires carved out legal information business of Schultz in Denmark

    Karnov Group AB (publ) has today, through its fully owned subsidiary Karnov Group Denmark A/S, entered into a business carve out agreement to acquire legal information business of J.H. Schultz Information A/S (“Schultz LIS”) for a cash consideration of up to SEK 478 million.[1] The acquisition provides Karnov Group new customers on the Danish municipality market and strengthens Karnov’s portfolio of local content to develop best-in-class generative AI solutions for customers. The transaction is expected to close on the 19th of June 2024.For many years, Schultz LIS has successfully delivered

    Report from the Annual General Meeting in Karnov Group AB (publ)

    Karnov Group AB (publ), reg. no. 559016-9016, held Wednesday 8 May 2024 annual general meeting (“AGM”).Adoption of the income statements and balance sheets, appropriation of the result and discharge from liability The meeting adopted the income statement and the balance sheet as well as the consolidated income statement and the consolidated balance sheet in the annual report for the financial year 2023. The meeting also resolved to appropriate the company’s result in accordance with the Board of Directors’ proposal, meaning that the result for the year shall be carried forward and that

    Statement by the board of directors of Karnov Group in relation to the public offer from Greenoaks and Long Path

    The board of directors of Karnov Group unanimously recommends shareholders to accept the public offer from Greenoaks and Long Path.On 3 May 2024, Greenoaks Capital Partners LLC (“Greenoaks”) and Long Path Partners, LP (“Long Path” and together with Greenoaks, the “Bid Consortium”), acting through Goldcup 35013 AB (“BidCo”), announced a public offer to the shareholders of Karnov Group AB (publ) (“Karnov Group” or the “Company”) to transfer all their ordinary shares in the Company to BidCo at a price of SEK 84 in cash per share (the “Offer”).   This statement regarding the Offer is made

    Karnov Group reports first quarter results 2024

    Progressing with the Group’s cost-efficiency initiatives. Accelerating strategy execution for further profitable growth in Europe.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).

    Invitation to Q1 Earnings Teleconference

    Karnov Group (Nasdaq: KAR) will publish its financial report for the first quarter on 7 May at around 07.45 a.m. CEST and Management will host a webcasted telephone conference the same day at 09.00 a.m. CEST.Karnov Group’s interim report for the period January – March 2024 will be published on Tuesday 7 May 2024 at around 07.45 a.m. CEST. A webcasted telephone conference will be held at 09.00 a.m. CEST the same day, where CEO Pontus Bodelsson and CFO Magnus Hansson will present the report and answer questions.   You can follow the presentation via webcast and ask questions in written

    Notice of Annual General Meeting in Karnov Group AB (publ)

    The shareholders of Karnov Group AB (publ), reg. no. 559016-9016 (the “Company”), are hereby invited to the Annual General Meeting (“AGM”) to be held at 10.00 a.m., on Wednesday 8 May 2024, at Cirio Advokatbyrå, Biblioteksgatan 9, in Stockholm. The Board of Directors has resolved that shareholders shall have the right to exercise their voting rights in advance through postal voting pursuant to Chapter 7, Section 4 a of the Swedish Companies Act and § 13 in the Company’s Articles of Associations. Therefore, shareholders may choose to exercise their voting rights at the AGM by attending by

    Publication of Karnov Group’s Annual Report and Sustainability Report 2023

    At a Board meeting of Karnov Group AB (publ), the Annual Report for the financial year 2023 has been presented and approved. The Annual Report also includes the Corporate Governance Report and Sustainability Report of 2023.The Annual Report is available on https://www.karnovgroup.com/en/financial-reports-and-presentations/. The Annual Report in accordance with European Single Electronic Format (ESEF) is available in Swedish.   The Annual Report is also available in the company’s main office and will be distributed to those who have requested a printed version. To order a printed

    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%,

    Karnov Group launches Acceleration Initiative for further customer value and improved profitability

    Karnov Group AB (publ) is progressing ahead of plan in the Region South integration, and cost-synergies are being harvested as expected. The Board of Directors has today resolved to launch an Acceleration Initiative, with the ambition to accelerate the profitable growth strategy across the Group to achieve further customer value and improved profitability. The ambition is to achieve additional annual cost-efficiencies of EUR 10 m within the Group by the end of 2026.“Karnov Group is driven by customer centricity, putting innovation and outstanding content in the centre of our business.

    Invitation to Q4 Earnings Teleconference

    Karnov Group (Nasdaq: KAR) will publish its financial report for the fourth quarter and the full year 2023 on 14 February at around 08.50 a.m. CET and Management will host a webcasted telephone conference the same day at 09.15 a.m. CET.Karnov Group’s year-end report for the period January – December 2023 will be published on Wednesday 14 February 2024 at around 08.50 a.m. CET. A webcasted telephone conference will be held at 09.15 a.m. CET the same day, where CEO Pontus Bodelsson and CFO Magnus Hansson will present the report and answer questions.   You can follow the presentation via

    Karnov Group reports third quarter results 2023

    Launch of AI driven innovation and progress in integrationFinancial highlights third quarter · Organic growth (constant currency) was 0.2% in the quarter. The organic growth was 7.6% adjusted for the one-off sales of school publications of SEK 18 m in Region North in Q3 2022. · The Group’s net sales increased by 135.1% to SEK 619 m (actual 263 proforma* 567). Acquired growth contributed with 129.7%. Currency effect was 5.2%. · The Group’s adjusted EBITA amounted to SEK 116 m (actual 93, proforma* 106) with adjusted EBITA margin of 18.7% (actual 35.3%, proforma 18.7%). · Net

    Invitation to Q3 Earnings Teleconference

    Karnov Group (Nasdaq: KAR) will publish its financial report for the third quarter 2023 on 8 November at around 07.45 a.m. CET and Management will host a webcasted telephone conference the same day at 09.00 a.m. CET.Karnov Group’s interim report for the period January – September 2023 will be published on Wednesday 8 November 2023 at around 07.45 a.m. CET. A webcasted telephone conference will be held at 09.00 a.m. CET the same day, where CEO Pontus Bodelsson and CFO Magnus Hansson will present the report and answer questions.   You can follow the presentation via webcast and ask

    Report from the Extraordinary General Meeting in Karnov Group AB (publ)

    Karnov Group AB (publ), reg. no. 559016-9016, held on Tuesday 10 October 2023 an extraordinary general meeting (“EGM”) at which the following resolutions were made:The EGM resolved, in accordance with the Nomination Committee’s proposal, that the Board of Directors shall be increased by one Board member and thereafter consist of sex (6) members elected by the general meeting, without deputies. The EGM also resolved, in accordance with the Nomination Committee’s proposal, on election of Ted Keith as new Board member for the period until the end of the next annual general meeting and that no

    Karnov Group launches its first generative AI legal assistant at today’s Capital Markets Day

    Karnov Group (publ) is pleased to announce the launch of its first generative AI legal assistant. Management will present this solution, and its ambitious AI pipeline among other things, at the 2023 Capital Markets Day, held today in Stockholm and broadcasted live.Karnov Group today launches its first generative AI solution for legal professionals, K+ Smart Chat. The solution will be integrated on the legal information platform in Region South. The solution has been tested by selected customers in Spain and is currently in beta. Karnov Group will launch a similar generative AI solution in

    Karnov Group announces updated medium term and long term financial targets

    Karnov Group (publ) today announces updated financial targets, which have been resolved by the Board of Directors. The updated financial targets better reflect the new European Karnov Group.The updated financial targets are: · An annual organic net sales growth of 4-6 percent in the medium term; · An annual adjusted EBITA margin in excess of 25 percent in the medium term and an adjusted EBITA margin in excess of 30 percent in the long term; and · A net debt, excluding leasing liabilities, relative to the LTM adjusted EBITDA of not more than 3.0x.   The Board of Directors

    Agenda for Karnov Group’s 2023 Capital Markets Day

    Karnov Group (publ) will host its first Capital Markets Day for investors, analysts and media on Thursday 5th of October 2023. The event will be held physically in Stockholm and broadcasted live.Agenda of the event:   11:30: Registration and mingle with the Executive Management 11:55: Welcome (Pontus Bodelsson, Group CEO and Josephine Edwall Björklund, Moderator) 12:00: Group strategy update (Pontus Bodelsson, Group CEO) 12:40: Financial update (Magnus Hansson, Group CFO) 13:10: Q&A with Group CEO and Group CFO 13:25: Break 13:40: Taking the AI leap (Anne Nørvang

    Notice of Extraordinary General Meeting in Karnov Group AB (publ)

    The shareholders in Karnov Group AB (publ), reg. no. 559016-9016 (the “Company”), are hereby invited to the Extraordinary General Meeting (“EGM”) to be held at 10.00 a.m., on Tuesday, 10 October 2023, at Cirio Advokatbyrå, Biblioteksgatan 9, in Stockholm.Notification of participation Shareholders who wish to participate in the EGM must: · both be registered in the register of shareholders maintained by Euroclear Sweden AB as per Monday, 2 October 2023, · and notify their intention to participate to the Company no later than Wednesday, 4 October 2023, either by e-mail to erik.

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