Overview
Sweden-based digitalization firm's Q4 net sales rose 5% to SEK 1,564 mln
EBITA margin improved to 19.1% from 16.7%
Company acquired SolidCAD, X10D Solutions, and ACAD-Plus
Outlook
Company did not provide specific financial guidance for the current quarter or year
Result Drivers
CURRENCY IMPACT - Net sales and EBITA were negatively impacted by currency effects, with SEK -97 mln on net sales and SEK -20 mln on EBITA
STRATEGIC ACQUISITIONS - Acquisitions of SolidCAD, X10D Solutions, and ACAD-Plus contributed to growth and expansion
CREDIT FACILITIES - Extension of credit facilities on more favorable terms supported financial operations
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 1.56 bln
Q4 Net Income
SEK 137 mln
Q4 EBIT
SEK 214 mln
Q4 EBITA Margin
19.10%
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 SEK129.00, about 48.6% above its February 2 closing price of SEK86.80
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 28 three months ago
Press Release: ID:nMFN3tx9lC
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(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.)