Targets & outcomes

Financial targets and outcomes 2022

Sales growth

Target: The Company shall grow more than the market, targeting an annual growth rate of around 15 percent over time. Growth is to be achieved sustainably through continued organic growth and acquisitions. 

Outcome: In 2022, net sales grew by 42.0 percent, as compared with 42.4 percent in the previous year. Growth was 12 percent calculated as if the acquired units were included in the previous year as well.

EBITA margin

Target: EBITA shall grow to 12 percent of net sales over time. 

Outcome: In 2022, the EBITA margin was 8.7 percent, as compared with 9.1 percent in the preceding year. After adjustment for acquisition and integration costs, the EBITA margin was 8.9 percent.

EBITDA in relation to net liabilities

Target: Net liabilities in relation to EBITDA should not exceed 2 multiples over time. 

Outcome: In 2022, net liabilities in relation to EBITDA were 1.5.

Earnings per share and dividends

Target: The ambition is to pay dividends corresponding to 40–60 percent of profit after tax. The dividends should reflect the Board’s expectations on future market development, as well as the Company’s growth strategy. 

Outcome: The Board proposes a dividend of SEK 7.50 per share for 2022, corresponding to 53 percent of the earnings after taxes. 

Sustainability targets and outcomes 2022

In 2022, the Board established sustainability targets for the Company. These targets are based on our vision to contribute to a sustainable and humane society through digitalization and innovation.

Sustainability target

Target: By 2030, 80 percent of Knowit’s net sales shall contribute to at least one of the UN sustainable development goals where Knowit can make the largest difference. 

Outcome: In 2022, 76 (67) percent of the Group’s net sales contributed to one of the UN sustainable development goals where Knowit can make the largest difference.

CO2 emissions

Target: Knowit is a climate-positive company in 2022 and shall halve CO2 emissions from its own operations before 2030 compared with its figures from 2019. Knowit is now a climate-positive company by climate-compensating with another 10 percent in addition to what is needed for climate neutrality. 

Outcome: The Company’s emissions remain below the target levels set.

Gender distribution among executives at all levels

Target: Knowit shall be an inclusive workplace with an even gender distribution among executives at all levels, between 40 and 60 percent over time.

Outcome: In 2022, the share of women among executives in the Group was 40 percent