Addnode

WEAKER USA FIGURES CLOUD OUTLOOK
“The structural underlying demand for the digital solutions offered by our companies extends beyond and across economic cycles, driven by customer needs for digitalisation, automation, urbanisation and sustainability.”
Johan Andersson
President and CEO

SUMMARY OF THE THIRD QUARTER, JULY–SEPTEMBER 2023

• Net sales increased by 11 per cent to SEK 1,808 m (1,624), of which -5 per cent was organic. Currency-adjusted organic growth was -9 per cent.

• EBITA decreased to SEK 132 m (194), and the EBITA margin was 7.3 per cent (11.9). EBITA has been charged with restructuring costs of SEK -5 m (-). EBITA adjusted for restructuring costs amounted to SEK 137 m (194), and the adjusted EBITA margin was 7.6 per cent (11.9).

• Operating profit decreased to SEK 70 m (143), and the operating margin was 3.9 per cent (8.8).

• Net profit for the period amounted to SEK 35 m (103).

• Earnings per share amounted to SEK 0.26 (0.77).

• Cash flow from operating activities amounted to SEK -139 m (89).

• The acquisition of Team D3 in the USA was completed in early July 2023.

• Kristina Elfström Mackintosh was appointed CFO of Addnode Group and will take up the position in December 2023.

SUMMARY OF SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

• No significant events have occurred since the end of the period.