Know IT AB: 2 directors

Two Directors at Know IT AB bought 8,000 shares at between 135.009SEK and 135.200SEK. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...

Addnode Group AB : 4 directors

Two Directors at Addnode Group AB bought 8,260 shares at 109.780SEK. The significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...

2025 case intact – SELL

Q3 worse than expected

Tietoevry PW increases risks for Q3

Slow start post summer, we downgrade to SELL

IT services remain challenging - CEO meetings

Not enough signs to get excited

Utilisation has likely bottomed, but demand and recruitment still muted. Adj. EBITA cut 2-7% in 2024-26e on lower margin assumptions. We stick to HOLD and our TP of SEK 160 at 11.2x EV/adj. EBITA'24e.

Tough market remains

Market remains tough

Few bright spots in the Nordic IT services market makes us cut estimates 1-2%, although comps are getting easier. We stick to HOLD on a still challenging market.

IT services CEO feedback

Margin trough in Q1, but recovery uncertain

Negative net recruitment limits quick growth comeback , but earnings comps get easier from Q2e. EBITA cut 1-2%, market remains challenging, stick to HOLD.

Weak Q1 slightly below cons

Knowit - First signs of slowdown hit the margin

Losses in Insight and growth investments hit Q3 margin Adj. EBITA -2-7% on lower margin assumptions 15% disc. to Sweco/AFRY gives TP SEK 260 (380): BUY

Knowit - Margin miss puts adj. EBITA -20% vs cons

Demand remains solid, 15% org growth (+5% vs cons) Higher costs and negative margin in Insight cause miss Estimates and share -5-10% despite recent weakness

Sector Fast Comment - ABGSC’s Investor Day feedback

Rovio and EG7 attended ABGSC’s Investor Day COVID-rebasing in mobile gaming to normalise soon Important changes presented by new EG7 management

Knowit - No peak market moves, please

Acquires Ascend & Ionic for SEK 200m, SEK ~3.3m/head A strong 2022e gives

Knowit - Solid execution in Q2, market remains good

Q2 margin a tad weak but demand remains solid Adj. EBITA -1% 2022e, +7-10% 2023-24e on M&A Peers have come down, we stick to BUY, TP 380 (440)

Knowit - 6% adj. EBITA miss in Q2

5% org growth (ABG 6%) and the strong market remains Margin miss driven by increased costs in Solutions Estimates and share slightly down today

Sector Fast Comment - SE IT services lunch confirms strong market

Knowit and CAG CEOs attended a lunch event this week Demand remains strong in Q2, hourly prices on the rise Main challenge is net recruitment, but overall positive