STRONG PROGRESS IN ALL DIVISIONS

SECOND QUARTER SUMMARY, APRIL–JUNE 2022

  • Net sales increased by 49 per cent to SEK 1,489 m (1,002), of which 14 per cent was organic. Currency-adjusted organic growth was 11 per cent.
  • EBITA increased to SEK 154 m (98), and the EBITA margin increased to 10.3 per cent (9.8).
  • Operating profit rose to SEK 101 m (59), and the operating margin widened to 6.8 per cent (5.9).
  • Profit for the period increased to SEK 70 m (40).
  • Earnings per share increased to SEK 0.52 (0.30*).
  • Cash flow from operating activities increased to SEK 122 m (51).
  • 4:1 share split executed in May 2022.
  • Acquisition of Decisive AS of Norway with net sales of some SEK 57 m.
  • SEK 1,600 m revolving credit facility extended by one year to June 2025.
  • Supported by AGM authorisation, the Board of Directors decided to repurchase a maximum of 230,000 class B treasury shares.

* Due to the 4:1 share split executed in May 2022, historical key financial ratios based on the number of shares have been restated.

SUMMARY OF SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  • No significant events have occurred since the end of the period.

For more information, please contact:

Johan Andersson, CEO and President, Addnode Group
Phone: +46 (0) 704 20 58 31
E-mail: johan.andersson@addnodegroup.com

Lotta Jarleryd, CFO, Addnode Group
Phone: +46 (0) 72 247 92 01
E-mail: lotta.jarleryd@addnodegroup.com

About Addnode Group

Addnode Group acquires, operates and develops entrepreneur-driven companies that provide software and digital services to markets in which the group have or can achieve a leading position. We are a leading global supplier of software and services for design, construction and product data information, and a leading supplier of document and case management systems to public sector clients in Sweden.

We are 2,300 employees in Sweden, UK, Germany, Australia, Austria, Canada, Denmark, Finland, France, India, Ireland, Japan, Lithuania, Netherlands, Norway, Poland, Serbia, Slovakia, and USA. Net sales in 2021 amounted to SEK 4.1 billion. Addnode Group's Series B share is listed on Nasdaq Stockholm. For more information, please visit: www.addnodegroup.com

This information is information that Addnode Group is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-07-15 10:30 CEST.

Attachments

Addnode Group Q2 2022 En

© Modular Finance, source Nordic Press Releases