Organic, currency-adjusted growth for the Design Management Division amounted to –6 percent in the first quarter of 2026, compared with the previously reported –12 percent. For the Group as a whole, organic, currency-adjusted growth in the first quarter of 2026 amounted to –4 percent, compared with the previously reported –6 percent.
Addnode Group AB hereby announces a correction regarding the presentation of organic, currency-adjusted growth, acquired growth, and currency effects in net sales as reported in the company’s interim report for the first quarter of 2026, published on 28 April 2026, and in the company’s year-end report for 2025, published on 3 February 2026. The correction has no material impact on the full year 2025.
The table below presents the previously reported and corrected breakdown of organic, currency-adjusted growth, acquired growth, and currency effects for the first quarter of 2026 and the fourth quarter of 2025.
| Addnode Group Q1 2026, Reported |
|
Addnode Group Q1 2026, Correction |
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| SEK m | Change | SEK m | Change | |||
| Net sales Q1 2025 | 1,461 | Net sales Q1 2025 | 1,461 | |||
| Currency-adjusted organic | -92 | -6% | Currency-adjusted organic | -57 | -4% | |
| Acquisitions | 223 | 15% | Acquisitions | 227 | 16% | |
| Currency effect | -61 | -4% | Currency effect | -100 | -7% | |
| Net sales Q1 2026 | 1,531 | 5% | Net sales Q1 2026 | 1,531 | 5% | |
| Design Management division Q1 2026, Reported |
|
Design Management division Q1 2026, Correction |
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| SEK m | Change | SEK m | Change | |||
| Net sales Q1 2025 | 618 | Net sales Q1 2025 | 618 | |||
| Currency-adjusted organic | -72 | -12% | Currency-adjusted organic | -37 | -6% | |
| Acquisitions | 146 | 24% | Acquisitions | 150 | 24% | |
| Currency effect | -33 | -5% | Currency effect | -72 | -12% | |
| Net sales Q1 2026 | 659 | 7% | Net sales Q1 2026 | 659 | 7% | |
Rounding differences when summarizing changes in % may occur.
| Addnode Group Q4 2025, Reported |
|
Addnode Group Q4 2025, Correction |
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| SEK m | Change | SEK m | Change | |||
| Net sales Q4 2024 | 1,484 | Net sales Q4 2024 | 1,484 | |||
| Currency-adjusted organic | -59 | -4% | Currency-adjusted organic | -16 | -1% | |
| Acquisitions | 236 | 16% | Acquisitions | 193 | 13% | |
| Currency effect | -97 | -7% | Currency effect | -97 | -7% | |
| Net sales Q4 2025 | 1,564 | 5% | Net sales Q4 2025 | 1,564 | 5% | |
| Design Management division Q4 2025, Reported |
|
Design Management division Q4 2025, Correction |
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| SEK m | Change | SEK m | Change | |||
| Net sales Q4 2024 | 660 | Net sales Q4 2024 | 660 | |||
| Currency-adjusted organic | -50 | -8% | Currency-adjusted organic | -7 | -1% | |
| Acquisitions | 158 | 24% | Acquisitions | 115 | 17% | |
| Currency effect | -67 | -10% | Currency effect | -67 | -10% | |
| Net sales Q4 2025 | 701 | 6% | Net sales Q4 2025 | 701 | 6% | |
Rounding differences when summarizing changes in % may occur.
For the sake of clarification, this correction does not entail any change to the principles or practices applied by Addnode Group regarding the presentation of organic, currency-adjusted growth, acquired growth, and currency effects. Reported net sales, earnings, cash flow, and the company’s financial position are not affected by this correction. The inaccuracy underlying this correction was due to a human error.
Addnode Group has prepared a correction sheet, which is attached to this press release and available on the company’s website. This should be read in conjunction with the company’s interim report for the first quarter of 2026, published on 28 April 2026, and the company’s year-end report for 2025, published on 3 February 2026.
Correction of the Interim Report for the First Quarter of 2026
- Page 1 – Net sales increased by 5 percent to SEK 1,531 m (1,461). Net sales were impacted by currency effects of SEK -100 m (12), previously reported as SEK -61 m (12). Currency-adjusted organic net sales decreased by -4 percent, previously reported as -6 percent.
- Page 2 – Net sales increased by 5 percent to SEK 1,531 m, of which -4 percent was currency-adjusted organic sales, previously reported as –6 percent currency-adjusted organic sales.
- Page 6 – Currency effects, mainly a weaker USD, had an impact of approximately SEK -100 m (12) on net sales, previously reported as SEK -61 m (12). Currency-adjusted organic growth amounted to -4 percent, previously reported as -6 percent.
- Page 6 – The Design Management Division’s net sales increased by 7 percent, and organic growth, adjusted for currency effects, was -6 percent, previously reported as -12 percent.
- Page 8 Design Management Division – Net sales increased by 7 percent to SEK 659 m (618). Adjusted for currency effects, organic growth was -6 percent, previously reported as -12 percent. The weaker USD had a negative impact, since a large share of the division’s revenues is in USD. Currency effects had an impact of SEK -72 m (11) on net sales, previously reported as SEK -33 m (11).
Correction of the Interim Report for the Fourth Quarter of 2025
- Page 1 – Net sales were impacted by currency effects of SEK -97 m (0). Currency-adjusted organic net sales decreased by 1 percent, previously reported as a decrease of 4 percent.
- Page 2 – Net sales increased by 5 percent to SEK 1,564 m, of which -1 percent was currency-adjusted organic sales, previously reported as -4 percent.
- Page 6 – The currency-adjusted organic growth was -1 percent, previously reported as -4 percent.
- Page 6 – The Design Management division’s net sales increased by 6 percent, and organic growth, adjusted for currency effects, was -1 percent, previously reported as -8 percent.
- Page 8 Design Management Division – Adjusted for currency effects, organic growth was -1 percent, previously reported as -8 percent.
