Know IT AB announced consolidated and parent earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, the company reported net sales of SEK 507.5 million against SEK 533.4 million a year ago. Operating result before depreciations of intangible assets (EBITA) was SEK 32.4 million against SEK 60.8 million a year ago. Operating result (EBIT) was SEK 27.2 million against SEK 54.6 million a year ago. Result after financial items was SEK 25.9 million against SEK 53.0 million a year ago. Result for the period assignable to shareholders in parent company was SEK 18.3 million or SEK 1.04 basic and diluted per share against SEK 36.7 million or SEK 2.11 diluted per share a year ago. Return on equity as on March 31, 2013 was 2.2% against 4.5% as at March 31, 2012. Cash flow used in current operations was SEK 22.5 million against SEK 11.1 million a year ago. For the quarter, on parent basis, the company reported net sales of SEK 39.7 million against SEK 31.2 million a year ago. Operating loss before depreciations of intangible assets (LBITA) was SEK 10.1 million against SEK 8.6 million a year ago. Operating loss (LBIT) was SEK 10.2 million against SEK 8.7 million a year ago. Loss after financial items was SEK 5.3 million against SEK 10.4 million a year ago. Loss for the period was SEK 5.3 million against SEK 10.4 million a year ago. The board proposes a dividend of SEK 3.25 per share against SEK 3.25 per share a year ago, in total SEK 57.3 million against SEK 56.1 million a year ago.

Know IT AB, Q1 2013 Earnings Call, Apr 25, 2013

Know IT reported earnings results for the full year ended December 31, 2012. For the year, the company reported net sales of SEK 1,931.2 million compared to SEK 1,867.9 million for the same period a year ago. Operating result before depreciations of intangible assets (EBITA) was SEK 141.3 million compared to SEK 199 million last year. Operating result (EBIT) was SEK 116.7 million compared to SEK 173.6 million last year. Result after financial items was SEK 107.1 million compared to SEK 165.4 million last year. Results were SEK 80.8 million compared to SEK 119.2 million last year. Results assignable to shareholders in parent company were SEK 78 million or SEK 4.47 per share for before and after dilution compared to SEK 117.2 million or SEK 6.76 per diluted share last year. Total results assignable to shareholders in parent company were SEK 77.5 million compared to SEK 120.1 million last year. Cash flow from current operations was SEK 10 million compared to SEK 107.5 million last year. Return on assets was 5.01% compared to 7.58% last year.