Growth and robust earnings improvement
»The second quarter of 2024 was strong for Addnode Group, with organic and acquired growth and a robust improvement in earnings. Net sales increased by 29 percent and earnings per share improved by 64 percent. Strong growth for Symetri, the acquisition of Team D3 and cost efficiencies in the Product Lifecycle Management division contributed to this positive development.«
Johan Andersson
President and CEO
Second quarter April 1–June 30, 2024
- Net sales increased by 29 percent to SEK 2,005 m (1,554), of which 12 percent was organic. Currency-adjusted organic growth was 11 percent.
- Gross profit increased to SEK 1,003 m (859), and the gross margin was 50.0 percent (55.3).
- EBITA increased to SEK 162 m (110), and the EBITA margin was 8.1 percent (7.1).
- Operating profit increased to SEK 96 m (56), and the operating margin amounted to 4.8 percent (3.6).
- Net profit for the period increased to SEK 54 m (34).
- Earnings per share increased to SEK 0.41 (0.25).
- Cash flow from operating activities increased to SEK 178 m (127).
- Acquisition of GPS Timber software.
- Jonas Gejer, VP of Business Development, stepped down from his position.
Events after the end of the reporting period
- Acquisition of Addoceo AB.
- Acquisition of Prime Aerostructures in Austria.
