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Karnov Group AB ( (SE:KAR) ) has issued an update.
Karnov Group AB has announced the divestment of its legal training business in Spain, operated by its subsidiary Aranzadi LA LEY, to JUC Service ApS. This strategic move allows Karnov to streamline its product portfolio in Spain, focusing on its core online legal information solutions, and is expected to positively impact the company’s adjusted EBITA margin. The transaction, which involves approximately 40 employees and had net sales of SEK 60 million in 2024, is set to close on 31 July 2025. Despite the divestment, Karnov will maintain a strong presence in Spain with around 525 employees across several offices.
The most recent analyst rating on (SE:KAR) stock is a Buy with a SEK100.00 price target. To see the full list of analyst forecasts on Karnov Group AB stock, see the SE:KAR Stock Forecast page.
More about Karnov Group AB
Karnov Group AB is a company that provides mission-critical knowledge and workflow solutions to European professionals in legal, tax and accounting, and environmental, health and safety sectors. With a network of over 7,000 authors and experts, it serves more than 400,000 users daily, helping them make informed decisions. The company operates in Sweden, Denmark, Norway, France, Spain, and Portugal, employing around 1,200 people, and is listed on Nasdaq Stockholm under the ticker ‘KAR’.
YTD Price Performance: 27.83%
Average Trading Volume: 109,863
Current Market Cap: SEK11.35B
For a thorough assessment of KAR stock, go to TipRanks’ Stock Analysis page.