Interim report, January 1- June 30 2012

19 July 2012, 11:48 CEST
Increased EBITA margins in all business areas

Second quarter 2012

  • Net sales totaled SEK 320.1 M (314.5).
  • EBITA1)increased to SEK 22.3 M (18.8), an EBITA-margin of 7.0 (6.0) percent.
  • Operating profit1) increased to SEK 17.4 M (14.4) M, an operating margin of 5.4 (4.6) percent.
  • Profit after tax was SEK 13.6 M (14.1)
  • Earnings per share after dilution amounted to SEK 0.48 (0.49)
  • Cash flow from operating activities amounted to SEK 22.0 M (20.9)

January – June 2012

  • Net sales totaled SEK 679.0 M (651.2).
  • EBITA1,2)increased to SEK 59.2 M (48.1), an EBITA-margin of 8.7 (7.4) percent.
  • Operating profit2)increased to SEK 49.8 M (39.2), an operating margin of 7.3 (6.0) percent.
  •  Profit after tax was SEK 36.6 M (35.8).
  •  Earnings per share after dilution amounted to SEK 1.29 (1.25).
  • Cash flow from operating activities amounted to SEK 59.6 M (86.1)

1)     Excluding dividend of SEK 0.0 M (0.9) from its divested associated company holding.
2)     Excluding costs of SEK 1.9 M (0.0) for the revaluation of conditional purchase considerations.

Significant events during second quarter 2012

  • Acquisition of Cad Teknikk AS, with a SEK 40 M in net sales.
  • Order from TUI Nordic / Fritidsresor on PLM solution to create a better travel deal.
  • Order from Statens musikverk (the Department for Music Development and Heritage Sweden) for document and case management and e-archives.

Significant events after the end of the period

  • Acquisition of Voice Provider, with a SEK 26 M in net sales.

CEO's comments

In a business climate that is characterized by turmoil from several quarters, Addnode continues to perform well. Our niche offering is timely and in many instances operation-critical for our customers. We work within well-selected areas and markets. Our mix of private and public-sector customers creates excellent prerequisites for stability even in more troubled times. 

Both net sales and the EBITA margin rose during the second quarter compared with the year-earlier period. An increasing number of customers are requesting turnkey solutions as a complete service. These transactions, combined with our already strong recurring support and maintenance revenue, will provide healthy and stable revenue that will increase over time. We generated improved results during the second quarter through generally favorable service sales.

Addnode is an acquisition-driven business and we have implemented three supplementary acquisitions in 2012. The acquisition of Voice Provider, with expertise in customer service, channel strategies, language technology, dialog design and system development, entails that the Content Management business area's existing voice-driven solutions operation will be supplemented and strengthened with a broader product and service offering.

Staffan Hanstorp, President and CEO

The information in this interim report is such that Addnode must disclose in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released on July 19, 2012 at 11:00 a.m.


Want to know more? Contact us.

  • Christina Rinman

    Head of Corporate Communication and Sustainability

    +46 (0) 709 711 213