VERY STRONG START TO A CHALLENGING YEAR
FIRST QUARTER SUMMARY, JANUARY-MARCH 2020
- Net sales increased to SEK 1,234 m (858), representing growth of 44 per cent, of which 10 percentage points was
organic. Currency-adjusted organic growth was 9 per cent.
- EBITA increased to SEK 108 m (82), for an EBITA margin of 8.8 per cent (9.6).
- Operating profit increased to SEK 77 m (56), for an operating margin of 6.2 per cent (6.5).
- Profit after tax increased to SEK 57 m (15). Profit for the preceding year was charged with SEK 24 m in remeasurements
of contingent consideration.
- Earnings per share increased to SEK 1.71 (0.45).
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Cash flow from operating activities increased to SEK 276 m (226).
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Strategic acquisition of the British company Excitech, with GBP 50 m in annual net sales.
- Expansion of acquisition credit facility by SEK 250 m.
- Lotta Jarleryd appointed CFO of Addnode Group.
- Uncertainty surrounding the impact of the COVID-19 pandemic resulted in the Board's withdrawal of its dividend proposal.
- Measures initiated to capacity customize operations to the prevailing conditions caused by the coronavirus crisis.
This information is such information that Addnode Group AB (publ) is obligated 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 below, at 8:30 a.m. CET on 24 April 2020.
