GROWTH COMBINED WITH STABLE EARNINGS AND CASH FLOW
"In 2023, we have continued to invest in new companies, software and employees. In addition we have implemented
efficiency measures and merged operations to strengthen our position. The strength of our companies, their ability to act quickly in a changing world and Addnode Group's strong financial position provide a good foundation for continued, sustainable value creation."
Johan Andersson
President and CEO
SUMMARY OF THE FOURTH QUARTER, OCTOBER-DECEMBER 2023
- Net sales increased by 16 per cent to SEK 2,078 m (1,786), of which -1 per cent was organic. Currency-adjusted organic growth was -2 per cent.
- EBITA decreased to SEK 196 m (200), and the EBITA margin was 9.4 per cent (11.2). EBITA has been charged with restructuring costs of SEK -5 m (-). EBITA adjusted for restructuring costs amounted to SEK 201 m (200), and the adjusted EBITA margin was 9.7 per cent (11.2).
- Operating profit decreased to SEK 135 m (149), and the operating margin was 6.5 per cent (8.3).
- Net profit for the period amounted to SEK 106 m (103).
- Earnings per share amounted to SEK 0.80 (0.77).
- Cash flow from operating activities amounted to SEK 228 m (261).
- Establishment of operations in digital solutions for the forest sector in a separate company, Icebound.
- Our partner Autodesk announced a new transaction model.
- The Board proposes a dividend of SEK 1.00 (1.00) per share.
SUMMARY OF SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD
- Merger of sister companies Sokigo and S-GROUP Solutions.
- Acquisition of Efficture by the newly established company Icebound.
- Acquisition of Jetas Quality Systems.
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
Kristina Elfström Mackintosh, CFO, Addnode Group
Phone: +46 (0) 70 633 89 90
E-mail: kristina.mackintosh@addnodegroup.com
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 EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-02-02 08:30 CET.
