Interim Report 1 January – 30 September 2025

Return on capital employed Q3 2025 (annualized), %

16.6%

Gross profit growth Q3 2025 compared with Q3 2024

+1%

EBITA margin Q3 2025, %

11.4%

Presentation of Interim Report 1 January – 30 September 2025, including QnA

October 24th 2025 at 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/q3-report-2025/dial-in

Webcast

Stable market, high rate of acquisition activity and improved efficiency

Third quarter July 1–September 30, 2025

  • Net sales decreased by 29 percent to SEK 1,311 m (1,859). Net sales were unchanged compared with the pro forma figure*. Net sales were impacted by currency effects of SEK -50 m (-34). Currency-adjusted organic net sales decreased by 33 percent.
  • EBITA amounted to SEK 149 m (200). Adjusted for the early contract renewals of SEK 70 m which was communicated in the previous interim report, EBITA would have been SEK 219 m (200). Currency effects had an impact of SEK -4 m ( -3 ) on EBITA. The EBITA margin was 11.4 percent (10.8).
  • Operating profit decreased to SEK 74 m (137), and the operating margin fell to 5.6 percent (7.4).
  • Net profit for the period decreased to SEK 54 m (97).
  • Earnings per share declined to SEK 0.40 (0.73).
  • Cash flow from operating activities improved to SEK -64 m (-133).
  • Acquisitions of Genus in Norway and FF Solutions in Brazil.
  • Acquisition of operations from TPM and Repro Products in the USA.

Events after the end of the reporting period

  • Acquisition of Solidcad in Canada.
  • Acquisition of X10D Solutions in Sweden.
  • Credit facilities extended on more favorable terms.

* Pro forma figure (net sales adjusted for comparison) has been adjusted to reflect a scenario in which the new transaction model for partner software and reclassification of third-party agreements had been in place in 2024. A pro forma table is presented on page 29 in this interim report.

Key figures
Third quarter 9 months Rolling 12 mos  Full year
2025

Jul–Sep

2024

Jul–Sep

2025

Jan–Sep

2024

Jan–Sep

Oct 2024

–Sep 2025

2024
Net sales, SEK m 1,311 1,859 4,229 6,273 5,714 7,757
Gross profit, SEK m 978 971 3,228 3,075 4,351 4,198
Gross margin, % 74.6 52.2 76.3 49.0 76.1 54.1
EBITA, SEK M2) 149 200 605 615 854 863
EBITA margin, % 11.4 10.8 14.3 9.8 14.9 11.1
Operating profit (EBIT), SEK m2) 74 137 393 420 570 598
Operating margin, % 5.6 7.4 9.3 6.7 10.0 7.7
Net profit for the period, SEK m2) 54 97 247 271 378 402
Earnings per share, SEK 0.40 0.73 1.85 2.03 2.83 3.02
Cash flow from operating activities, SEK m -64 -133 105 426 380 701
Return on capital employed, %3) 16.6 17.6 16.6 17.6 16.6 18.6
Return on equity, %2) 15.4 17.4 15.4 17.4 15.4 17.6
Equity/assets ratio, % 31 29 31 29 31 29
Debt/equity ratio, % 73 48 73 48 73 43

2) The January–September 2025 period was impacted by restructuring costs of SEK 24

3) Key figures have been adjusted to reflect annualized

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.

Related
Documents