Knowit AB (publ)

Hello and welcome everyone to the Know It Interim Report Q2 2026. My name is Becky and I will be your operator today. All lines will be muted throughout the presentation portion of the call with a chance for Q&A at the end. If you wish to ask a question in this time, please press star followed by one on your telephone keypads or submit a webcast question via the questions tab. I will now hand over to your host, Per Valentin, CEO to begin. Please go ahead.

Hi everyone and a warm welcome to this presentation of Nowitz's report for the second quarter. With me today is our CFO Marie Björklund and also Fredrik Ekerhout who will take over as acting CEO from 1st of August. First some operational highlights in the quarter. We are very pleased to report improved adjusted profitability and margin compared to the same quarter last year. Our operational efficiency continues to deliver results with actually six quarters after each other of improved utilizations. At the same time, the market remains mixed Customer activity is improving, particularly within the public sector in Sweden. However, decision-making processes are still slow, which especially affects businesses with shorter project cycles. As reported in previous quarters, demand remains strong in areas such as cybersecurity, defense, ERP, and digital transformation. And after a long period of investing in further future growth areas, and at the same time running efficiency measures in areas where we have been shrinking, our focus is now gradually shifting towards profitable organic growth. AI is a key driver to the next phase of Nowitz development. We are integrating AI into all our client offerings, making them even more relevant going forward. In addition, we are using AI internally to improve both productivity and quality. And with that, I would like to officially welcome Fredrik Ekerhård, who will take over as acting CEO 1st of August. Fredrik and I have worked closely together for many years, and I know him to be a strong leader with a deep understanding of Knowit our business and of our culture, and I feel very confident that he will guide the company successfully through this exciting and probably quite long period of transition towards AI in the future. Fredrik, I will hand over to you to say some words. Next slide, please.

Thank you very much, Per, and also thank you for the collaboration over the past few years or more than a decade maybe. I have great respect for what we have built together, Per, and I look forward to build on that foundation going forward. Having worked closely with both experience and solution during more than a decade, I have a clear view of where our greatest strengths lie. First and foremost, it's our people and our culture. The way we collaborate, take ownership and work closely with our clients is a real competitive advantage and something I want to continue to build on. Second, we have strong capabilities in areas such as AI, data platforms, defense and cybersecurity. Areas where demand is growing and where we are well positioned to create value for our clients. During this transition period, my focus will be on helping the organization build on those strengths while continuing to improve our operational performance. We will continue to focus on creating long-term profitable growth by being the leading digital transformation partner for both Nordic companies and public sector organizations. My role is to ensure a stable and focused transition while continuing to execute on that strategy. With that said, I will be available for questions both today and going forward. Next slide, please. We will now take a look at our business areas in more detail. And since I'm currently the business area manager of Solutions, I will take the opportunity to present the first of our five business areas. Solutions is the largest area accounting for nearly 50% of total revenues. We report a net sales of 693 million SEK for the second quarter. The beta margin was 6.9% in line with the same quarter last year. We are able to maintain our margins through improved operational efficiency and continued focus on utilization and cost discipline. Our operations in Norway perform very well while we are still faced with some challenges in Sweden. We have continued to strengthen our position in strategic growth areas, particularly data platforms and cloud, where demand remains solid and we continue to win new business. As the organization become more efficient, our focus is increasingly shifting from operational adjustments to profitable growth. We are well positioned to capture opportunities as market conditions gradually improve. Currently, the market remains mixed. We see increased client activity, a healthy pipeline, but decision-making processes are still slow and price pressure remains. Overall, we believe the underlying trend is moving in the right direction. Next slide, please. Back to you, Per.