Karnov Group AB (0A39) Share Price & Analysis
0A39 Stock Chart & Stats
- Day’s Range
- SEK 82.70 - SEK 84.60
- 52-Week Range
- SEK 60.20 - SEK 115.60
- Previous Close
- SEK 83.90
- Volume
- N/A
- Average Volume (3M)
- 19.31K
- Market Cap
- SEK 8.35B
- Enterprise Value
- SEK 8.99B
- Total Cash (Recent Filing)
- SEK 182.90M
- Total Debt (Recent Filing)
- SEK 2.13B
- Price to Earnings (P/E)
- 9.1
- Beta
- 0.70
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- 0.45
- Last Dividend Ex-Date
- May 06, 2021
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Recurring Subscription Model
Recurring subscription and license revenue provides a more durable foundation than primarily transactional sales. Ongoing access to curated legal content and workflow functionality can support customer continuity, revenue visibility, and sustained monetization of the company’s specialist platform.
Strong Profitability And Margins
Very high gross and operating margins indicate that Karnov is converting its specialized content and software offering into substantial operating profit. This suggests pricing power and cost control, creating a durable earnings base if the company can stabilize its top line.
Manageable Leverage
Debt below equity and lower leverage than in 2022–2024 provide a reasonable balance-sheet foundation for the next several quarters. Strong recent returns on equity also indicate productive use of capital, although financial flexibility still depends on maintaining profitability and cash generation.
Bears Say
Declining Revenue
A sharp TTM revenue decline is a fundamental concern because it can weaken operating leverage, limit reinvestment capacity, and make strong margins harder to sustain. Continued top-line pressure would also reduce confidence that recent earnings improvement represents durable business expansion.
Weak Cash Conversion
Weak conversion of reported earnings into operating and free cash flow reduces the quality and flexibility of current profitability. Lower cash generation can constrain investment, debt reduction, and shareholder returns, while increasing the importance of improving working-capital and cash needs.
Debt Flexibility Risk
Although leverage remains manageable, meaningful debt and a renewed increase in debt-to-equity reduce financial flexibility. If revenue weakness or poor cash conversion persists, more cash may be needed for obligations, limiting the company’s ability to fund growth or absorb weaker results.
Karnov Group AB News
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Company Description
Karnov Group AB
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.
- Sector
- Industrials
- Industry
- Specialty Business Services
- CEO
- Pontus Bodelsson
- Employees
- 1,100
- Website
- www.karnovgroup.com
- Address
- Flemminggatan 14, Stockholm, AB, 112 26, SE
Karnov Group AB (0A39) Earnings & Revenues
0A39 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 5 | 2 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 12 | 0 | 0 |






