Dashboard
1
Poor Management Efficiency with a low ROCE of 6.50%
- The company has been able to generate a Return on Capital Employed (avg) of 6.50% signifying low profitability per unit of total capital (equity and debt)
2
High Debt Company with a Debt to Equity ratio (avg) at times
3
Healthy long term growth as Net Sales has grown by an annual rate of 28.14% and Operating profit at 24.57%
4
The company declared very negative results in Dec'24 after flat results in Sep'24
5
With ROE of 8.14%, it has a very expensive valuation with a 4.85 Price to Book Value
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
17.02%
0%
17.02%
6 Months
21.47%
0%
21.47%
1 Year
15.52%
0%
15.52%
2 Years
87.5%
0%
87.5%
3 Years
56.4%
0%
56.4%
4 Years
90.75%
0%
90.75%
5 Years
81.99%
0%
81.99%
Karnov Group AB for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
28.14%
EBIT Growth (5y)
24.57%
EBIT to Interest (avg)
3.29
Debt to EBITDA (avg)
2.46
Net Debt to Equity (avg)
0.85
Sales to Capital Employed (avg)
0.52
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
6.50%
ROE (avg)
6.49%
Valuation key factors
Factor
Value
P/E Ratio
60
Industry P/E
Price to Book Value
4.85
EV to EBIT
40.06
EV to EBITDA
18.39
EV to Capital Employed
3.06
EV to Sales
5.16
PEG Ratio
10.84
Dividend Yield
NA
ROCE (Latest)
7.64%
ROE (Latest)
8.14%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
Mildly Bullish
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ
Jun'25
Mar'25
Change(%)
Net Sales
649.10
672.50
-3.48%
Operating Profit (PBDIT) excl Other Income
194.20
220.90
-12.09%
Interest
37.90
36.20
4.70%
Exceptional Items
-46.40
-27.60
-68.12%
Consolidate Net Profit
7.90
77.40
-89.79%
Operating Profit Margin (Excl OI)
143.90%
177.20%
-3.33%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jun 2025 is -3.48% vs -2.61% in Mar 2025
Consolidated Net Profit
QoQ Growth in quarter ended Jun 2025 is -89.79% vs 889.80% in Mar 2025
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
2,592.70
2,474.60
4.77%
Operating Profit (PBDIT) excl Other Income
746.60
644.40
15.86%
Interest
163.40
151.90
7.57%
Exceptional Items
-215.10
-119.30
-80.30%
Consolidate Net Profit
-33.10
36.90
-189.70%
Operating Profit Margin (Excl OI)
139.30%
111.80%
2.75%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 4.77% vs 122.24% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is -189.70% vs -38.40% in Dec 2023
About Karnov Group AB 
Karnov Group AB
Miscellaneous
Karnov Group AB (publ) is a Sweden-based information provider. The Company specializes in the areas of legal, tax and accounting, and environmental, health and safety. It 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. It 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.
Company Coordinates 
Company Details
Warfvinges vag 39 , STOCKHOLM None : 112 51
Registrar Details






