Karnov Group AB (publ)
LSE:0A39
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Karnov Group AB (publ)
Karnov Group AB engages in the provision of information in the areas of legal; tax and accounting; and environmental, health and safety. The company is headquartered in Stockholm, Stockholm and currently employs 297 full-time employees. The company went IPO on 2019-04-11. The firm specializes in the areas of legal, tax and accounting, and environmental, health and safety. The company provides a range of products and services through its portfolio of brands to public and private customers, such as different kind of firms, courts, universities, public authorities and municipalities, among others. The company operates across two main segments: Online sales and Offline sales and services. The Online sales segment provides subscription-based digital solutions and support. The Offline sales and services segment publishes and sells printed books and journals and hosts legal training courses.
Karnov Group AB engages in the provision of information in the areas of legal; tax and accounting; and environmental, health and safety. The company is headquartered in Stockholm, Stockholm and currently employs 297 full-time employees. The company went IPO on 2019-04-11. The firm specializes in the areas of legal, tax and accounting, and environmental, health and safety. The company provides a range of products and services through its portfolio of brands to public and private customers, such as different kind of firms, courts, universities, public authorities and municipalities, among others. The company operates across two main segments: Online sales and Offline sales and services. The Online sales segment provides subscription-based digital solutions and support. The Offline sales and services segment publishes and sells printed books and journals and hosts legal training courses.
Revenue Growth: Net sales grew to SEK 654 million in Q3, with 4% organic growth and ongoing momentum in AI-supported services.
Margin Expansion: Adjusted EBITA margin improved to 26%, up 4 percentage points from last year, with both Region North and Region South contributing.
AI Traction: Strong uptake and positive customer feedback for AI solutions, with AI sales materially contributing to growth and expected to accelerate.
Segment Performance: Region North saw organic growth of 8.1%, while Region South experienced a slight organic sales decline but improved margins.
Divestitures: The EHS division was divested for approximately SEK 1 billion, and the Spanish training business was also sold, supporting the focus on profitable growth.
Synergy & Cost Savings: Achieved almost EUR 20 million in annual run rate synergies, ahead of the planned EUR 20 million target by end of 2026.
Leverage: Leverage stood at 2.5x EBITA, well below the company’s financial target.
