Addnode : Annual Report 2023 published

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Published: 2024-04-05 08:30:00 CEST Addnode Group AB Annual Financial Report Addnode Group's Annual Report 2023 published Addnode Group has today published its Annual Report 2023. The report shows how Addnode Group accelerates sustainable value growth by continuously acquiring new businesses and actively support its subsidiaries to drive organic growth. In 2023 Addnode Group acquired three companies, US became one of the Group's largest markets, and organic growth reached 3 per cent. In total, net sales grow 19 per cent and amounted to SEK 7,412 m in 2023. The Annual Report outlines, among other things, Addnode Group's strategy and goals, including business model, and how the Group's digital solutions contribute to sustainable development. Some highlights from 2023: Acquisition of the Swedish company FAST2 Affärssystem AB, now part of SWG in the Design Management division. Acquisition of Key Performance, now part of Technia in the Product Lifecycle Management division. Acquisition of Team D3 in the USA, now part of Symetri in the Design Management division. Credit line increased by SEK 1,000 m to a total of SEK 2,600 m. The dividend policy was adjusted to 30-50 percent of the Group's profit after tax, providing its net cash position is sufficient to operate and develop its business. Nasdaq Stockholm announced the outcome of its yearly segment review, which resulted in Addnode Group's share moving up to the Large Cap segment. Elisabeth Forslin took up the position of Head of M&A and became a member of Group Management. Kristina Elfström Mackintosh took up the position of CFO and became a member of Group Management. Autodesk announced that it will transition from a reseller model to an agent model. This change means that net sales will decrease, while gross profit is expected to remain unchanged and the EBITA margin will increase. The change will take place gradually and is expected to be fully implemented by the end of 2025. "A clear strategy, the strength of our companies, our investments in competence and products, our implemented efficiency improvements, our healthy financial position and our acquisition capacity provide a solid foundation for continuing our growth journey and delivering higher profit and value to our shareholders," Johan Andersson, Addnode Group's President and CEO, writes in the report. The report is attached with this press release and is also available at https://www.addnodegroup.com/investors/reports-and-presentations/, where the Swedish version of the report also is available in European Single Electronic Format (ESEF). For more information, please contact: Christina Rinman, Head of Corporate Communication and Sustainability Phone: [phone] E-mail: [e-mail] 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. This information is information that Addnode Group is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-04-05 08:30 CEST. Attachments: Addnode Group 2023 ENG.pdf anod-2023-12-31-sv.zip This news release was distributed by Company News System, www.nasdaqomxnordic.com/news/marketnotices To subscribe on regulatory news from this company, go to the subscription page