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Karnov Group AB (publ) (KAR.ST)
Stockholm, SE
Karnov Group AB (publ) delivers specialized information products and services, available both online and offline, tailored for professionals in the legal, tax, accounting, environmental, and health and safety sectors. The company operates across Denmark, Norway, Sweden, and other European nations, with its primary focus on subscription-based digital solutions. In addition to these online offerings, Karnov Group publishes and distributes traditional books and journals, and organizes legal training courses. Their diverse portfolio is marketed under various established brands, including Karnov, Norstedts Juridik, Notisum, Legal Cross Border, Forlaget Andersen, LEXNordics, DIBkunnskap, and Echoline. The company serves a wide range of clients, from law firms, tax and accounting firms, and corporate entities, to public sector institutions such as courts, libraries, universities, and municipal authorities. Established in 1867, Karnov Group is headquartered in Stockholm, Sweden.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.96% | -2.50% | -0.57% | +1.89% | -35.12% | -28.44% | -20.59% | +30.73% | +37.65% | +58.47% | +58.47% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 3 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Specialty Business Services: +7.6%+1.9% Q1'26: -6.6% (vs Q1'25)
-
EPS growth Specialty Business Services: +24.4%+2,996.8% ★ Q1'26: -25.0% (vs Q1'25)
-
FCF margin FCF growth · Specialty Business Services: +27.6%+13.6% ★ Q1'26: +45.5% (vs Q1'25)
-
EBIT margin Specialty Business Services: +9.0%+17.0% ★ Q1'26: +20.2% (vs Q1'25)
-
ROIC Specialty Business Services: +7.8%+9.1% ★ Q1'26: +9.1% (vs Q1'25)
-
Share dilution Specialty Business Services: +0.4%+0.2% Q1'26: +0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Specialty Business Services: -0.21×2.70× Q1'26: 2.38× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 3 EPS Ana. |
Dec 2027 3 Rev. Ana. 3 EPS Ana. |
Dec 2028 3 Rev. Ana. 3 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
757.09M
est: 755.00M (+0.3%)
|
771.42M
est: 775.00M (-0.5%)
|
878.07M
est: 871.79M (+0.7%)
|
1.11B
est: 1.10B (+1.3%)
|
2.47B
est: 2.51B (-1.3%)
|
2.59B
est: 2.58B (+0.6%)
|
2.64B
est: 2.66B (-0.5%)
|
2.56B
2.55B – 2.57B
-3.5% YoY
|
2.69B
2.66B – 2.70B
+4.7% YoY
|
2.82B
2.82B – 2.82B
+5.0% YoY
|
| EBITDA |
213.96M
est: 230.09M (-7.0%)
|
332.97M
est: 236.19M (+41.0%)
|
329.37M
est: 265.69M (+24.0%)
|
313.90M
est: 334.83M (-6.3%)
|
554.10M
est: 711.33M (-22.1%)
|
547.70M
est: 731.22M (-25.1%)
|
861.40M
est: 753.26M (+14.4%)
|
727.19M
723.70M – 729.64M
-3.5% YoY
|
761.72M
755.59M – 766.07M
+4.7% YoY
|
799.95M
799.43M – 800.47M
+5.0% YoY
|
| EBIT |
70.95M
est: 80.35M (-11.7%)
|
142.58M
est: 82.48M (+72.9%)
|
120.77M
est: 92.78M (+30.2%)
|
80.10M
est: 116.93M (-31.5%)
|
186.30M
est: 259.32M (-28.2%)
|
162.20M
est: 266.57M (-39.2%)
|
448.30M
est: 274.61M (+63.3%)
|
265.10M
263.83M – 266.00M
-3.5% YoY
|
277.69M
275.45M – 279.27M
+4.7% YoY
|
291.63M
291.44M – 291.82M
+5.0% YoY
|
| Net Income |
2.62M
est: 189.32M (-98.6%)
|
99.90M
est: 271.31M (-63.2%)
|
84.91M
est: 276.16M (-69.3%)
|
59.90M
est: 306.01M (-80.4%)
|
38.20M
est: 35.00M (+9.1%)
|
-33.10M
est: 324.98M (-110.2%)
|
970.80M
est: 473.98M (+104.8%)
|
484.13M
463.15M – 505.10M
+2.1% YoY
|
548.84M
511.26M – 586.42M
+13.4% YoY
|
600.01M
510.59M – 689.44M
+9.3% YoY
|
| SGA |
—
est: 114.38M (-100.0%)
|
—
est: 117.41M (-100.0%)
|
—
est: 132.07M (-100.0%)
|
—
est: 166.44M (-100.0%)
|
1.87B
est: 379.88M (+393.4%)
|
—
est: 390.50M (-100.0%)
|
—
est: 402.27M (-100.0%)
|
388.35M
386.48M – 389.66M
-3.5% YoY
|
406.79M
403.51M – 409.11M
+4.7% YoY
|
427.21M
426.93M – 427.48M
+5.0% YoY
|
| EPS |
0.03
est: 1.76 (-98.2%)
|
1.02
est: 2.52 (-59.4%)
|
0.87
est: 2.56 (-66.0%)
|
0.56
est: 2.84 (-80.3%)
|
0.35
est: 0.32 (+7.9%)
|
-0.31
est: 3.01 (-110.3%)
|
9.00
est: 4.39 (+105.0%)
|
4.44
4.28 – 4.67
+1.1% YoY
|
5.04
4.73 – 5.42
+13.5% YoY
|
5.72
4.72 – 6.38
+13.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-07 | A+ | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 4/5 | 3/5 |
| 2026-05-06 | A | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-05-05 | A | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-05-04 | A | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 4/5 | 2/5 |
| 2026-04-30 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-29 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-28 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-27 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-24 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-23 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-22 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-21 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-20 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-17 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
| 2026-04-16 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 1/5 | 4/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Dimensional - International Small Cap ETF DFIS | 0.02% | 890.8K | 0.39% |
| 2 | Dimensional - International Core Equity 2 ETF DFIC | 0.00% | 536.3K | 0.22% |
| 3 | State Street SPDR Portfolio Europe ETF SPEU | 0.00% | 22.7K | 0.07% |
| 4 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 293.6K | 0.28% |
| 5 | Dimensional International Sustainability Core 1 ETF DFSI | 0.00% | 22.3K | 0.24% |
| 6 | Dimensional - International Core Equity Market ETF DFAI | 0.00% | — | 0.18% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Pontus Bodelsson | Group Chief Executive Officer & President | 16M | male |
| Alexandra Åquist | Chief Executive Officer of Region North (Denmark and Sweden) & Country Manager of Spain | — | female |
| Anne Nørvang Hansen | Chief Product Officer | — | female |
| Charlotte Arup | Group Chief Human Resources Officer | — | female |
| Erik Berggren | Head of Investor Relations & Board Secretary | — | male |
| Iga Kurowska | Head of Innovation - South Region | — | — |
| Jonathan Minzari | Chief Emerging Ventures and M&A Officer | — | — |
| Magnus Hansson | Chief Financial Officer | — | male |
| Mariano Blanchard | Group Chief Technology Officer | — | male |
| Niels Munk Hansen | Chief Strategic Development Officer | — | male |
| Alexandra Aquist | Chief Revenue Officer & CEO of Region North (Denmark and Sweden) and Country Manager of Spain | — | female |
| Selcuk Unlu | Head of Business Development - Region North | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for KAR.ST
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
