Interim Report 1 January – 31 March 2025

Return on capital employed Q1 2025 (annualized), %

17.3

Gross profit growth Q1 2025 compared with Q1 2024, %

+2

EBITA margin Q1 2025 , %

14.9

Addnode Group, Audiocast with teleconference, Q1, 2025

April 25th 2025 09:30 (Europe/Stockholm)
Webcast details

Speakers

CEO Johan Andersson, CFO Kristina E Mackintosh

Teleconference

Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference/user ID to access the conference. https://conference.financialhearings.com/teleconference/?id=5007987

Webcast

Stable results and cost adjustments
» The first quarter of 2025 was a stable quarter in a challenging environment. The German market has, however, continued to develop weakly. Looking ahead, there is good demand for the business-critical digital solutions that we provide, and cost adjustments will improve profitability. «
Johan Andersson
President and CEO

Summary of the first quarter, January–March 2025

  • Gross profit increased by 2 percent to SEK 1,122 m (1,101), and the gross margin was 76.8 percent (45.7).
  • Net sales decreased, as anticipated, by 39 percent to SEK 1,461 m (2,409). Under the previous Autodesk reseller model, and before reclassifications of third-party agreements, net sales would have amounted to SEK 2,507 m and the Group’s currency-adjusted organic growth would have been approximately 3 percent. Organic reported currencyadjusted net sales decreased by -41 percent.
  • Restructuring costs had an impact of SEK 24 m (0) on earnings.
  • EBITA amounted to SEK 217 m (253), and the EBITA margin was 14.9 percent (10.5). Before restructuring costs, EBITA amounted to SEK 241 m (253), and the EBITA margin was 16.5 percent (10.5).
  • Operating profit amounted to SEK 149 m (187), and the operating margin was 10.2 percent (7.8). Before restructuring costs, operating profit to SEK 173 m (187), and the operating margin was 11.8 percent (7.8).
  • Net profit for the period amounted to SEK 90 m (120).
  • Earnings per share amounted to SEK 0.67 (0.90).
  • Cash flow from operating activities amounted to SEK 203 m (381).
  • Acquisition of Congere IT-konsult AB and Railit Tracker AB.

Events after the end of the reporting period

  • Acquisition of Pcskog AB.
Key figures
First quarter Rolling 12 mos Full year

2025
Jan–Mar

2024
Jan–Mar

Apr 2024
-Mar 2025

2024

Net sales, SEK m

1,461

2,409

6,809

7,757

Gross profit, SEK m

1,122

1,101

4,219

4,198

Gross margin, %

76.8

45.7

62.0

54.1

EBITA, SEK m1)

217

253

827

863

EBITA margin, %

14.9

10.5

12.1

11.1

Operating profit, SEK m1)

149

187

560

598

Operating margin, %

10.2

7.8

8.2

7.7

Net profit for the period, SEK m1)

90

120

372

402

Earnings per share, SEK

0.67

0.90

2.79

3.02

Cash flow from operating activities, SEK m

203

381

523

701

Return on capital employed2)

17.3

14.3

17.3

18.6

Return on equity2)

15.7

13.5

15.7

17.6

Equity/assets ratio, %

31

28

31

29

Debt/equity ratio, %

38

36

38

43

 

1) The January–March 2025 period was impacted by restructuring costs of SEK -24 m.

2) Key figures have been adjusted to reflect annualized return.

All amounts are presented in millions of Swedish kronor (SEK m) unless indicated otherwise. Rounding differences of SEK +/-1 m may occur in totals. In cases where an underlying figure is SEK 0 m when rounded, it is presented as 0.

Johan Andersson, President and CEO

» The first quarter of 2025 was a stable quarter in a
challenging environment. The German market has,
however, continued to develop weakly. Looking ahead,
there is good demand for the business-critical digital
solutions that we provide, and cost adjustments will
improve profitability. «

Johan Andersson, President and CEO
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