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Regulatory press release

INTERIM REPORT 1 JANUARY – 30 JUNE 2023

Addnode Group
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WEAKER EARNINGS THAN THE PREVIOUS YEAR. ACQUISITION STREGHTENING THE POSITION IN THE USA.
“In the second quarter, 2023, EBITA amounted to SEK 110 m (154). The weaker earnings were primarily due to lower net sales in Design Management division and restructuring measures to increase the profitability of Product Lifecycle Management division. The Process Management division reported somewhat better earnings than the previous year.”
Johan Andersson
President and CEO

SECOND QUARTER SUMMARY, APRIL–JUNE 2023

  • Net sales increased by 4 per cent to SEK 1,554 m (1,489), of which 1 per cent was organic. Currency-adjusted organic growth was -3 per cent.
  • EBITA decreased to SEK 110 m (154), and the EBITA margin was 7.1 per cent (10.3). EBITA has been charged with restructuring costs of SEK 10 m (-). EBITA adjusted for restructuring costs amounted to SEK 120 m (154), and the adjusted EBITA margin was 7.7 per cent (10.3).
  • Operating profit decreased to SEK 56 m (101), and the operating margin was 3.6 per cent (6.8).
  • Profit for the period amounted to SEK 34 m (70).
  • Earnings per share amounted to SEK 0.25 (0.52).
  • Cash flow from operating activities amounted to SEK 127 m (122).
  • In June 2023, Addnode Group signed an agreement to acquire Team D3 of the USA, with net sales of approx. SEK 1,300 m. The acquisition was completed in early July 2023.
  • Credit line increased by SEK 1,000 m to a total of SEK 2,600 m. SEK 1,600 m revolving credit facility extended by one year to June 2026.
  • Supported by AGM authorisation, the Board of Directors decided to repurchase a maximum of 180,000 class B shares.
  • Petra Ålund was elected as a new Director by the AGM on 4 May 2023.

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 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 2022 amounted to SEK 6.2 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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-07-14 10:30 CEST.


Attachments
Addnode Group Q2 2023 En

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