Transformative year with improved earnings
» In 2024, all three divisions delivered their best earnings to date. Addnode Group continued to invest in product development, launched new digital solutions, attracted new customers and carried out acquisitions. We are ready to continue executing on our value-creating strategy.«
Johan Andersson
President and CEO
Fourth quarter October 1–December 31, 2024
- In the quarter, the reported net sales was effected by the new Autodesk transaction model by SEK -464 m as well as as the reclassification of third party sales by SEK -396 m.
- Net sales decreased by 29 percent to SEK 1,484 m (2,078). Under the previous Autodesk reseller model, and before reclassifications of third-party agreements, net sales would have amounted to an estimated SEK 2,344 m and the Group’s currency-adjusted organic growth would have been approximately 11 percent.
- Reported organic net sales growth amounted to -30 percent, and reported currency-adjusted organic growth was -30 percent.
- Gross profit increased by 11 percent to SEK 1,123 m (1,010), and the gross margin was 75.7 percent (48.6).
- EBITA increased by 27 percent to SEK 248 m (196), and the EBITA margin was 16.7 percent (9.4).
- Operating profit increased by 32 percent to SEK 178 m (135), and the operating margin was 12.0 percent (6.5).
- Net profit for the period increased by 24 percent to SEK 131 m (106).
- Earnings per share increased by 23 percent to SEK 0.98 (0.80).
- Cash flow from operating activities amounted to SEK 275 m (228).
- Acquisition of CTC Software Inc. in the USA.
- The Board proposes a dividend of SEK 1.15 (1.00) per share.
Events after the end of the reporting period
- Acquisition of Congere AB in Sweden.
Additional information at Addnode Groups website
A financial pro forma will now be published on Addnode Group's website https://www.addnodegroup.com/report/q4-2024/.
The pro forma has been prepared based on the assumption that Autodesk's new transaction model and the reclassification of third-party agreements, which were implemented in Q4 2024, had been in effect as of January 1, 2024.
