Interim Report 1 January – 31 March 2026

Return on capital employed Q1 2026

14.6%

EBITA growth Q1 2026 compared with Q1 2025

26%

EBITA margin Q1 2026

17.9%

Addnode Group, Audiocast with teleconference, Q1, 2026

April 28th 2025 09:30 (CEST)
Webcast details

Speakers

CEO Johan Andersson, CFO Kristina Elfström 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://events.inderes.com/addnode-group/q1-report-2026/dial-in

Webcast

Improved earnings and stronger cash flow
» Addnode Group delivered solid earnings growth and stronger cash flow in the first quarter of 2026. The companies acquired in 2025 performed well and, combined with cost savings, contributed to our favorable earnings performance. At the same time, we have laid the foundation for future earnings growth by continuing to implement AI, developing new offerings and optimizing the organization. «

Johan Andersson
President and CEO

First quarter January–March 2026

  • Net sales increased by 5 percent to SEK 1,531 m (1,461). Net sales were impacted by currency effects of SEK -61 m (12). Currency-adjusted organic net sales decreased by 6 percent.
  • EBITA increased by 26 percent to SEK 274 m (217). Currency effects had an impact of SEK -3 m (5) on EBITA. The EBITA margin was 17.9 percent (14.9). Restructuring costs had an impact of SEK 24 m on earnings in the preceding year. Before restructuring costs, EBITA for January–March 2025 amounted to SEK 241 m, and the EBITA margin was 16.5 percent.
  • Operating profit increased to SEK 186 m (149), and the operating margin increased to 12.1 percent (10.2).
  • Net profit for the period increased to SEK 113 m (90).
  • Earnings per share before and after dilution increased to SEK 0.83 (0.67).
  • Cash flow from operating activities improved to SEK 363 m (203).
  • The subsidiary Tribia was transferred from the Design Management division to the Process Management division as of January 1, 2026. Comparative figures for 2025 have been restated.
  • Acquisition of customer contracts in Germany.

Events after the end of the reporting period

  • No significant events.
Key figures
Key figures First quarter Rolling 12 mos Full year
2026
Jan–Mar
2025
Jan–Mar
Apr 2025
–Mar 2026
2025
Net sales, SEK m 1,531 1,461 5,863 5,793
Gross profit, SEK m 1,202 1,122 4,523 4,443
Gross margin, % 78.5 76.8 77.1 76.7
EBITA, SEK m1) 274 217 960 903
EBITA margin, % 17.9 14.9 16.4 15.6
Operating profit (EBIT), SEK m1) 186 149 644 607
Operating margin, % 12.1 10.2 11.0 10.5
Net profit for the period, SEK m1) 113 90 407 384
Earnings per share, SEK 0.83 0.67 3.01 2.87
Cash flow from operating activities, SEK m 363 203 590 430
Return on capital employed, %2) 14.6 17.3 14.6 14.1
Return on equity, %2) 15.0 15.7 15.0 14.8
Equity/assets ratio, % 30 31 30 28
Debt/equity ratio, % 76 38 76 90

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

“Addnode Group delivered solid earnings growth and stronger cash flow in the first quarter of 2026. The companies acquired in 2025 performed well and, combined with cost savings, contributed to our favorable earnings performance. At the same time, we have laid the foundation for future earnings growth by continuing to implement AI, developing new offerings and optimizing the organization.”

Johan Andersson, President and CEO
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