Summary of the third quarter, July – September 2015
- Net sales amounted to SEK 467.3 M (354.5), up 32 percent.
- EBITA amounted to SEK 42.2 M (34.0), an EBITA margin of 9.0 percent (9.6).
- Operating profit amounted to SEK 30.8 M (25.1), an operating margin of 6.6 percent (7.1).
- Profit after tax amounted to SEK 21.7 M (19.0).
- Earnings per share after dilution amounted to SEK 0.71 (0.64).
-
Cash flow from operating activities amounted to SEK -18.0 M (-29.9).
-
Addnode Group has per 1 July 2015 acquired Trancat PLM, a German software vendor with an annual net sales of SEK 450 M.
Summary of the first nine months of the year, January – September 2015
- Net sales amounted to SEK 1 286.4 M (1 137.2), up 13 percent.
- EBITA amounted to SEK 98.5 M (95.6), an EBITA margin of 7.7 percent (8.4).
- Operating profit amounted to SEK 68.0 M (70.0), an operating margin of 5.3 percent (6.2).
- Profit after tax amounted to SEK 50.0 M (52.6).
- Earnings per share after dilution amounted to SEK 1.67 (1.78).
- Cash flow from operating activities amounted to SEK 45.8 M (55.8).
Significant events after the end of the period
- Addnode Group's subsidiary CAD-Q manages Riksbyggen's digital drawing archive comprising 250,000 drawings
- Changes in business model affect the subsidiary Cad-Q
CEO's comments
32% growth and strong EBITA
Addnode Group has a strong growth and substantially improved earnings in the third quarter. We completed the acquisition of Transcat PLM, which is our largest acquisition to date. Growth was 32 percent and we have made a 24-percent improvement in EBITA compared with the corresponding period previous year.
We are investing in and building a product portfolio that creates the preconditions for higher earnings. In parallel, the share of recurring revenue in the third quarter comprised more than half of net sales. There is a clear trend. We are creating a more stable and even earnings capacity over time.
We are a leading European PLM company
In July 2015, we acquired Transcat PLM, which means that we have taken a leading position in the European Product Lifecycle Management (PLM) market. Following the acquisition, the combined TechniaTranscat has 400 employees in eight countries and net sales of slightly more than SEK 700 M (pro forma for the 2014 fiscal year). TechniaTranscat has a unique customer offering with Dassault Système's product portfolio, a strong service offering and its own complementary software portfolio for processes, such as design, construction, simulation and the management of product data. We have already started to note that the synergies and advantages from the merger with TechniaTranscat are being realized.
Staffan Hanstorp, CEO and President
The information in this interim report is such that the Addnode Group must publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication on October 23, 2015 at 08.30 a.m
