Stable results and cost adjustments
» The first quarter of 2025 was a stable quarter in a challenging environment. The German market has, however, continued to develop weakly. Looking ahead, there is good demand for the business-critical digital solutions that we provide, and cost adjustments will improve profitability. «
Johan Andersson
President and CEO
Summary of the first quarter, January-March 2025
- Gross profit increased by 2 percent to SEK 1,122 m (1,101), and the gross margin was 76.8 percent (45.7).
- Net sales decreased, as anticipated, by 39 percent to SEK 1,461 m (2,409). Under the previous Autodesk reseller model, and before reclassifications of third-party agreements, net sales would have amounted to SEK 2,507 m and the Group's currency-adjusted organic growth would have been approximately 3 percent. Organic reported currencyadjusted net sales decreased by -41 percent.
- Restructuring costs had an impact of SEK 24 m (0) on earnings.
- EBITA amounted to SEK 217 m (253), and the EBITA margin was 14.9 percent (10.5). Before restructuring costs, EBITA amounted to SEK 241 m (253), and the EBITA margin was 16.5 percent (10.5).
- Operating profit amounted to SEK 149 m (187), and the operating margin was 10.2 percent (7.8). Before restructuring costs, operating profit to SEK 173 m (187), and the operating margin was 11.8 percent (7.8).
- Net profit for the period amounted to SEK 90 m (120).
- Earnings per share amounted to SEK 0.67 (0.90).
- Cash flow from operating activities amounted to SEK 203 m (381).
- Acquisition of Congere IT-konsult AB and Railit Tracker AB.
Events after the end of the reporting period
- Acquisition of Pcskog AB.
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 2024 amounted to SEK 7.8 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 2025-04-25 07:30 CEST.
