Interim Report 1 January – 30 September 2024

Net sales growth Q3 2024 compared with Q3 2023, %

Share of recurring revenue Q3 2024, %

EBITA margin Q3 2024, %

10.8

Addnode Group, Audiocast with teleconference, Q3, 2024

October 24th 2024 09:30 (Europe/Stockholm)

Webcast details

Speakers

CEO Johan Andersson, CFO Kristina E Mackintosh

Teleconference

Dial-in number to the teleconference, in which you will be able to ask questions verbally, will be received by registering on the link below. After the registration you will be provided phone numbers and a conference/user ID to access the conference. https://conference.financialhearings.com/teleconference/?id=50048733

Webcast

Link to participate via teleconference with the ability to ask questions verbally:

https://conference.financialhearings.com/teleconference/?id=50048733

After registration you will be provided with phone numbers and a conference ID to access the conference.

The presentation will be held in English.

The interim report will be published 24 October at 07:30 AM CEST.

UNDERLYING ORGANIC GROWTH AND ROBUST EARNINGS IMPROVEMENT
“The third quarter of 2024 was a strong quarter for Addnode Group, with underlying organic growth. EBITA improved by 52
percent to SEK 200 m and earnings per share increased by 181 percent to SEK 0.73. Although the economic situation was characterized by uncertainty, our strong positions in segments with structural underlying growth provide good prospects for upselling to existing customers.”

Johan Andersson
President and CEO

THIRD QUARTER JULY 1 – SEPTEMBER 30, 2024

Net sales increased by 3 percent to SEK 1,859 m (1,808), of which 2 percent was organic. Currency-adjusted organic growth was 3 percent.

New transaction model for Autodesk software (agent model with commission revenue) was implemented in Europe. It is estimated that the Group’s currency-adjusted organic growth would have amounted to approximately 16 percent under the previous reseller model.

Gross profit increased by 9 percent to SEK 971 m (893), and the gross margin was 52.2 percent (49.4).

EBITA increased by 52 percent to SEK 200 m (132), and the EBITA margin was 10.8 percent (7.3).

The recurring revenue share was 74 percent (71).

Operating profit increased by 96 percent to SEK 137 m (70), and the operating margin was 7.4 percent (3.9).

Net profit for the period increased by 177 percent to SEK 97 m (35).

Earnings per share increased by 181 percent to SEK 0.73 (0.26).

Cash flow from operating activities amounted to SEK -133 m (-139).

Acquisition of Addoceo AB in Sweden.

Acquisition of Prime Aerostructures GmbH in Austria.

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 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.

Key figures

	Third quarter		9 months		Rolling 12 mos	Full year
	2024 Jul–Sep	2023 Jul–Sep	2024 Jan–Sep	2023 Jan–Sep	Oct 2023 –Sep 2024	2023
Net sales, SEK m	1,859	1,808	6,273	5,334	8,351	7,412
Gross profit, SEK m	971	893	3,075	2,692	4,086	3,703
Gross margin, %	52.2	49.4	49.0	50.5	48.9	50.0
EBITA, SEK m	200	132¹⁾	615	444²⁾	811	640³⁾
EBITA margin, %	10.8	7.3¹⁾	9.8	8.3²⁾	9.7	8.6³⁾
Operating profit, SEK m	137	70¹⁾	420	275²⁾	555	410³⁾
Operating margin, %	7.4	3.9¹⁾	6.7	5.2²⁾	6.6	5.5³⁾
Net profit for the period, SEK m	97	35¹⁾	271	173²⁾	377	279³⁾
Earnings per share, SEK	0.73	0.26¹⁾	2.03	1.30²⁾	2.83	2.09³⁾
Cash flow from operating activities, SEK m	-133	-139	426	257	654	485
Return on capital employed⁴⁾	17.6	13.4	17.6	13.4	17.6	13.8
Return on equity⁴⁾	17.4	14.0	17.4	14.0	17.4	13.5
Equity/assets ratio, %	29	31	29	31	29	29
Debt/equity ratio, %	48	54	48	54	48	47

1) EBITA was impacted by restructuring costs of SEK -5 m.

2) EBITA was impacted by restructuring costs of SEK -15 m.

3) EBITA was impacted by restructuring costs of SEK -20 m.

4) Key figures have been adjusted to reflect annualized return.

All amounts are presented in millions of Swedish kronor (SEK m) unless indicated otherwise. Rounding differences of SEK +/-1 m may occur in totals. In cases where an underlying figure is SEK 0 m when rounded, it is presented as 0.