Sweden · Delayed Price · Currency is SEK Addnode Group AB Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw stable underlying business with net sales of SEK 1,449 million and improved EBITA, despite negative organic growth due to Autodesk contract cycles. Cost savings and acquisitions supported margins, with Process and PLM divisions showing strong EBITA growth.
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Q1 2026 delivered strong earnings and cash flow growth, driven by acquisitions and cost savings, despite negative organic growth in key divisions. No organic growth is expected for the full year, but margins and cash flow remain robust, with AI and new offerings supporting future prospects.
Fiscal Year 2025
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2025 saw record profitability, with net sales up 4% and EBITDA margin reaching 15.6%. Ten acquisitions fueled growth, and AI investments enhanced offerings. Despite currency headwinds and contract mix shifts, the outlook remains positive for continued margin expansion and disciplined growth.
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Stable Q3 performance with strong acquisition activity and improved efficiency, driving adjusted EBITDA to SEK 290 million. New financial targets set for growth and profitability, with acquisitions expected to boost margins. Cash flow remains temporarily impacted by working capital changes.
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The group unveiled new financial targets, aiming for 15% annual EBITDA growth and a 17% margin, supported by a proven acquisition-driven strategy and high recurring revenue. Expansion into new geographies, ongoing investment in own IP, and a focus on operational efficiency and innovation underpin the outlook for continued profitable growth.
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Q2 2025 delivered strong EBITDA growth, driven by early contract renewals and stable demand in key markets, while Germany remained weak. Three acquisitions will support future growth, and the business model transition continues to impact reported figures.
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Q1 2025 saw stable results with SEK 1.5 billion in net sales, impacted by business model changes and German market weakness. EBITDA margin improved to 14.9%, with cost savings and acquisitions supporting long-term growth. Cash flow normalization is expected by 2026.
Fiscal Year 2024
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2024 saw record earnings, margin expansion, and strong cash flow, driven by a shift to an agent model, robust proprietary software sales, and strategic acquisitions. All divisions posted best-ever results despite market headwinds, with continued focus on growth and acquisitions.
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Q3 2024 saw strong organic growth and a 52% EBITDA increase, driven by robust Design Management performance and effective cost control. The transition to a new Autodesk transaction model and a high share of recurring revenue support resilience, while a strong M&A pipeline underpins future growth.
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Q2 2024 delivered strong growth with net sales up 29% and EBITDA up 47%, driven by both organic and acquired expansion. Recurring revenue formed 72% of sales, and margins improved across segments, despite economic uncertainties and delayed investments.