Addnode Group AB

ANOD B

Equity

ISIN SE0017885767 / Valor 119004945

NASDAQ Nordic Exchange Stockholm, Equities (2024-11-22)

SEK 100.80+1.15%

Addnode Group AB
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About company

Addnode Group AB is a Swedish company that provides software and services for design, construction, and product lifecycle management to various industries.

Summarized from source with an LLMView SourceSector: Technology

Net Sales Growth

Addnode Group AB reported a significant increase in net sales for the first quarter of 2024. The net sales grew by 22 percent, reaching SEK 2,409 million compared to SEK 1,972 million in the first quarter of 2023. This growth was driven by both acquisitions and a stronger market presence in the USA.

Recurring Revenue

In the first quarter of 2024, Addnode Group AB achieved a recurring revenue share of 76 percent. This high percentage of recurring revenue underscores the company's stable and predictable income streams, which are crucial for long-term financial health and planning.

EBITA Margin

The EBITA margin for Addnode Group AB in Q1 2024 was 10.5 percent, an improvement from the 10.2 percent reported in Q1 2023. This increase reflects the company's effective cost management and operational efficiencies.

Net Profit

For the first quarter of 2024, Addnode Group AB's net profit rose to SEK 120 million, up from SEK 104 million in the same period of the previous year. This increase in net profit is indicative of the company's successful growth strategies and market expansion efforts.

Cash Flow from Operating Activities

Cash flow from operating activities for Addnode Group AB increased to SEK 381 million in Q1 2024, compared to SEK 269 million in Q1 2023. This robust cash flow performance highlights the company's strong operational efficiency and financial management.

Summarized from source with an LLMView Source

Key figures

25.3%1Y

5.83%3Y

138%5Y

Performance

35.1%1Y

43.7%3Y

40.5%5Y

Volatility