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ANOD B Addnode AB (publ) News Story

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Sweden's Addnode Q4 net sales rise 5%, margin improves on credit facilities extension

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

MetricBeat/MissActualConsensus Estimate
Q4 RevenueSEK 1.56 bln
Q4 Net IncomeSEK 137 mln
Q4 EBITSEK 214 mln
Q4 EBITA Margin19.10%
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 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.)

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