Brief: Addnode Announces Weaker Earnings Than Previous Year For Q2 2023

Addnode AB (publ)

30/06/2023 14:48

June 30 (Reuters) - Addnode Group AB (publ)  ANODb.ST :
    * ADDNODE GROUP ANNOUNCES WEAKER EARNINGS THAN PREVIOUS YEAR
FOR
THE SECOND QUARTER 2023
    * ESTIMATES THAT EBITA FOR Q2 2023 WILL AMOUNT TO SEK
100-110 M
(154)
    * WEAKER EARNINGS IN Q2 IS MAINLY DUE TO SUBSTANTIALLY LOWER
SALES
VOLUMES THAN EXPECTED IN DESIGN MANAGEMENT DIVISION
    * WEAKER DEMAND FROM CUSTOMERS IN CONSTRUCTION INDUSTRY,
LONGER
SALES CYCLES AND A SIGNIFICANTLY LOWER PROPORTION OF MULTI-YEAR
AGREEMENTS

Source text for Eikon:  ID:nMFNbQ19qL 
Further company coverage:  ANODb.ST 

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