GROWTH, EARNINGS IMPROVEMENT AND STRONG CASH FLOW
» We started 2024 with 22 percent growth. A stronger market in the USA, the acquisition of Team D3 and cost efficiency measures contributed to a 15 percent increase in earnings per share. We will continue to pursue daily improvements, while also investing in new digital solutions and acquisitions. «
Johan Andersson
President and CEO
Summary of the first quarter, January-March 2024
- Net sales increased by 22 percent to SEK 2,409 m (1,972), of which 1 percent was organic. Currency-adjusted organic growth was 0 percent.
- Gross profit increased to SEK 1,101 m (941), and the gross margin was 45.7 percent (47.7).
- EBITA rose to SEK 253 m (202), and the EBITA margin was 10.5 percent (10.2).
- Operating profit increased to SEK 187 m (149), and the operating margin was 7.8 percent (7.6).
- Net profit for the period rose to SEK 120 m (104).
- Earnings per share increased to SEK 0.90 (0.78).
- Cash flow from operating activities increased to SEK 381 m (269).
- Merger of sister companies Sokigo and S-GROUP Solutions.
- Acquisition of Efficture by the newly established company Icebound.
- Acquisition of Jetas Quality Systems.
- Acquisition of Optimec.
Events after the end of the reporting period
- Jonas Gejer, VP of Business Development, steps down from his position.
For more information, please contact:
Johan Andersson, CEO and President, Addnode Group
Phone: +46 (0) 704 20 58 31
E-mail: johan.andersson@addnodegroup.com
Kristina Elfström Mackintosh, CFO, Addnode Group
Phone: +46 (0) 70 633 89 90
E-mail: kristina.mackintosh@addnodegroup.com
About Addnode Group
Addnode Group acquires, operates and develops cutting edge enterprises that digitalise society. We are a leading global provider of software and services for design, construction, product data, and facility management. We also support the public sector with document and case management solutions. By acquiring new businesses and providing a growth platform for our subsidiaries, we create sustainable value growth.
Addnode Group has 2,700 employees and consists of around 20 companies with geographical presence in 19 countries across four continents. Net sales in 2023 amounted to SEK 7.4 billion. Addnode Group's Series B share is listed on Nasdaq Stockholm, in the Large Cap segment. For more information, please visit: www.addnodegroup.com.
This information is information that Addnode Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-04-25 07:30 CEST.
