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Industry Summary Articles

Tuesday, November 02, 2021

Addnode Group- Interim Report 1 January - 30 September 2021

CONTINUED STRONG GROWTH AND STRONGER EBITA MARGIN

THIRD QUARTER SUMMARY, JULY–SEPTEMBER 2021

  • Net sales increased by 15 per cent to SEK 925 m (806), of which 8 per cent was organic.
  • Currency-adjusted organic growth was 7 per cent.
  • EBITA increased to SEK 108 m (84), and the EBITA margin increased to 11.7 per cent (10.4). EBITA in the preceding year was charged with restructuring costs of SEK 8 m.
  • Operating profit increased to SEK 67 m (52), and the operating margin grew to 7.2 per cent (6.5).
  • Profit for the period increased to SEK 49 m (37).
  • Earnings per share increased to SEK 1.46 (1.11).
  • Cash flow from operating activities was SEK -21 m (-66).
  • Acquisition of the Polish company Budsoft Sp. z o.o., with net sales of SEK 20 m.
  • The Board of Directors decided, through support of an AGM authorisation, to repurchase Class B shares.

SUMMARY OF SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  • No significant events have taken place after the end of the reporting period.

To view the original press release, please click here.

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