profit from every SEK 100 of sales.

Karnov Group
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
You pay SEK 8.46 for every SEK 1 of profit it makes in a year.
of earnings would pay off all its debt.
Money in, money out
What Karnov Group sold, what it kept, and what it did with the cash.
Sales went from SEK 1.11 billion in 2022 to SEK 2.64 billion in 2025, with SEK 971 million of profit last year.
Karnov Group vs. similar companies
Karnov Group grows the fastest of these 5 and is the cheapest for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
Karnov Group | 8.5× · Cheap | ||
Cintas | 44.9× · Expensive | ||
RELX | 25.8× · Fair price | ||
Thomson Reuters | 31.5× · Expensive | ||
Copart | 19.0× · Fair price |
AI analysis
An AI analyst reads Karnov Group's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,114 | 2,475 | 2,593 | 2,641 | |
| 956 | 2,109 | 2,244 | 2,316 | |
| 79 | 156 | 146 | 1,123 | |
| 314 | 548 | 514 | 1,556 | |
| 60 | 38 | -33 | 971 | |
| 0.55 | 0.35 | -0.31 | 8.98 | |
| 85.8% | 85.2% | 86.5% | 87.7% | |
| 7.1% | 6.3% | 5.6% | 42.5% | |
| 5.4% | 1.5% | -1.3% | 36.8% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 7,326 | 6,933 | 7,489 | 7,385 |
| Cash | 671 | 451 | 403 | 932 |
| Total debt | 2,750 | 2,438 | 2,870 | 2,168 |
| Total liabilities | 5,000 | 4,595 | 5,116 | 4,140 |
| 2,320 | 2,337 | 2,374 | 3,245 | |
| 108 | 108 | 108 | 108 | |
| 1.3% | 3.0% | 1.9% | 16.8% | |
| 2.6% | 1.6% | -1.4% | 29.9% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 276 | 337 | 316 | 340 | |
| 93 | 163 | 168 | 170 | |
| 183 | 174 | 148 | 171 | |
| Dividends paid | – | – | – | – |
| 1 | 0 | – | – | |
| 2 | 4 | 7 | 10 |
Valuation
- 8.5×
- –
- 0.06
- 2.1×
- 3.1×
- 48.1×
- 6.1×
- 2.1%
- 11.8%
- –
Profitability
- 87.7%
- 42.5%
- 36.8%
- –
- 16.8%
- 5.7%
- –
- –
- –
- –
Growth
- +33.4%
- +153.1%
- –
- –
- −0.0%
Financial health
- 0.8×
- 0.67
- –
- 10.1×
- 0.86
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about Karnov Group
Is Karnov Group a good stock to buy?
A strong, very profitable business, and the price looks low. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Karnov Group AI analysis
What does Karnov Group do?
Karnov Group AB (publ) provides information and workflow solutions in Denmark, Sweden, Norway, France, Spain, and Portugal. It is in Specialty Business Services, based in Stockholm, Sweden, with 1,100 employees.
Is Karnov Group stock halal?
Yes. Karnov Group passes our halal screen: its business is permitted and its debt is 26% of its market value, under the 30% limit. How we check
How has Karnov Group stock done over the past year?
Down 12.1% over the past twelve months, to SEK 85.50. It traded between SEK 62.00 and SEK 108.60 and is 21.3% below its high.
Who are Karnov Group's competitors?
The largest listed companies in the same industry are Cintas, RELX, Thomson Reuters and Copart. The peers table on this page compares their profit, growth and price with Karnov Group's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.



