WEAKER USA FIGURES CLOUD OUTLOOK

“The structural underlying demand for the digital solutions offered by our companies extends beyond and across economic cycles, driven by customer needs for digitalisation, automation, urbanisation and sustainability.”
Johan Andersson
President and CEO

SUMMARY OF THE THIRD QUARTER, JULY–SEPTEMBER 2023

Net sales increased by 11 per cent to SEK 1,808 m (1,624), of which -5 per cent was organic. Currency-adjusted organic growth was -9 per cent.
EBITA decreased to SEK 132 m (194), and the EBITA margin was 7.3 per cent (11.9). EBITA has been charged with restructuring costs of SEK -5 m (-). EBITA adjusted for restructuring costs amounted to SEK 137 m (194), and the adjusted EBITA margin was 7.6 per cent (11.9).
Operating profit decreased to SEK 70 m (143), and the operating margin was 3.9 per cent (8.8).
Net profit for the period amounted to SEK 35 m (103).
Earnings per share amounted to SEK 0.26 (0.77).
Cash flow from operating activities amounted to SEK -139 m (89).
The acquisition of Team D3 in the USA was completed in early July 2023.
Kristina Elfström Mackintosh was appointed CFO of Addnode Group and will take up the position in December 2023.

SUMMARY OF SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

No significant events have occurred since the end of the period.

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 2022 amounted to SEK 6.2 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.