Sweden's Addnode Q1 EBITA rises 26% on acquisitions, cost savings

Addnode AB (publ)

28/04/2026 06:43

Overview

Sweden software and services firm's Q1 net sales rose 5% yr/yr to SEK 1.53 bln

Q1 EBITA grew 26% yr/yr, supported by 2025 acquisitions and cost savings

Cash flow from operations improved to SEK 363 mln from SEK 203 mln

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

ACQUISITIONS - Companies acquired in 2025 contributed to Q1 earnings growth

COST SAVINGS - Cost savings supported improved earnings performance

Company press release: ID:nMFN7PkG0C

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 1.53 bln
Q1 Net Income
SEK 113 mln
Q1 EBIT
SEK 186 mln
Q1 EBITA
SEK 274 mln
Q1 EBITA Margin
17.90%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Addnode Group AB (publ) is SEK120.00, about 66.7% above its April 27 closing price of SEK72.00

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)