Addnode

UNDERLYING ORGANIC GROWTH AND ROBUST EARNINGS IMPROVEMENT
“The third quarter of 2024 was a strong quarter for Addnode Group, with underlying organic growth. EBITA improved by 52
percent to SEK 200 m and earnings per share increased by 181 percent to SEK 0.73. Although the economic situation was characterized by uncertainty, our strong positions in segments with structural underlying growth provide good prospects for upselling to existing customers.”

Johan Andersson
President and CEO

THIRD QUARTER JULY 1 - SEPTEMBER 30, 2024

• Net sales increased by 3 percent to SEK 1,859 m (1,808), of which 2 percent was organic. Currency-adjusted organic growth was 3 percent.

• New transaction model for Autodesk software (agent model with commission revenue) was implemented in Europe. It is estimated that the Group’s currency-adjusted organic growth would have amounted to approximately 16 percent under the previous reseller model.

• Gross profit increased by 9 percent to SEK 971 m (893), and the gross margin was 52.2 percent (49.4).

• EBITA increased by 52 percent to SEK 200 m (132), and the EBITA margin was 10.8 percent (7.3).

• The recurring revenue share was 74 percent (71).

• Operating profit increased by 96 percent to SEK 137 m (70), and the operating margin was 7.4 percent (3.9).

• Net profit for the period increased by 177 percent to SEK 97 m (35).

• Earnings per share increased by 181 percent to SEK 0.73 (0.26).

• Cash flow from operating activities amounted to SEK -133 m (-139).

• Acquisition of Addoceo AB in Sweden.

• Acquisition of Prime Aerostructures GmbH in Austria.

EVENTS AFTER THE END OF THE REPORTING PERIOD

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