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Karnov Group (OM:KAR) Stock Can AI Margins Outrun France Drag?
Karnov Group stock closed at SEK84.0 after the Q2 print, with recent gains over the past month signalling that investors had already been leaning optimistic. The headline this quarter is not the modest top line of SEK618.6m. It is the profitability picture behind it.
Adjusted EBITA of SEK153m at a 25% margin in the quarter and a trailing net margin above 38% tell you why the market is willing to look past soft organic growth. The question now is how long that margin strength can hold as AI...