Growth and robust earnings improvement
»The second quarter of 2024 was strong for Addnode Group, with organic and acquired growth and a robust improvement in earnings. Net sales increased by 29 percent and earnings per share improved by 64 percent. Strong growth for Symetri, the acquisition of Team D3 and cost efficiencies in the Product Lifecycle Management division contributed to this positive development.«
Johan Andersson
President and CEO
Second quarter April 1-June 30, 2024
- Net sales increased by 29 percent to SEK 2,005 m (1,554), of which 12 percent was organic. Currency-adjusted organic growth was 11 percent.
- Gross profit increased to SEK 1,003 m (859), and the gross margin was 50.0 percent (55.3).
- EBITA increased to SEK 162 m (110), and the EBITA margin was 8.1 percent (7.1).
- Operating profit increased to SEK 96 m (56), and the operating margin amounted to 4.8 percent (3.6).
- Net profit for the period increased to SEK 54 m (34).
- Earnings per share increased to SEK 0.41 (0.25).
- Cash flow from operating activities increased to SEK 178 m (127).
- Acquisition of GPS Timber software.
- Jonas Gejer, VP of Business Development, stepped down from his position.
Events after the end of the reporting period
- Acquisition of Addoceo AB.
- Acquisition of Prime Aerostructures in Austria.
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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-07-12 10:30 CEST.
