Interim report, January 1 – March 31, 2014 New geographic

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Apr 25, 2014 at 3:00 AM

Interim report, January 1 – March 31, 2014

New geographic market, growth and strong cash flow Summary of first quarter 2014 · Net sales amounted to SEK 411.4 M (370.7), up 11 percent. · EBITA rose to SEK 34.3 M (28.6), an EBITA margin of 8.3 percent (7.7). · Operating profit increased to SEK 26.4 M (23.3), an operating margin of 6.4 percent (6.3). · After-tax profit for the period increased to SEK 19.2 M (18.1). · Earnings per share after dilution amounted to SEK 0.65 (0.64). · Cash flow from operating activities amounted to SEK 71.8 M (45.6). · The Board of Directors proposes an unchanged dividend of SEK 2.25 (2.25) per share. · Adjustment of growth target. The annual net sales growth will amount to at least 10 percent. · After the end of the period an agreement has been signed to acquire Symetri, with annual revenue of SEK 80 M. The acquisition will open up a new geographic market for Cad-Q and the Addnode Group. There are conditions connected to the acquisition, which is expected to be implemented in May. CEO’s comments Growth, stable margins and strong cash flow We continue to do good business in most of our areas in a relatively weak economy. We started 2014 with 11-percent growth and an EBITA margin of 8.3 percent – somewhat better than the year-earlier period. The growth, which is both organic and acquisition-related, varies within our business areas and in various geographic markets. The Design Management business area had 16-percent growth in the quarter, which was largely due to the acquisition of Joint in 2013. In the PLM business area, organic growth was 10 percent, with much stronger profitability compared with the year-earlier period. The Process Management business area had growth of 10 percent, but a slightly weaker margin. We have not yet achieved the desired profitability in the Content Management business area, but have recognized the first positive EBITA for the business area since the fourth quarter of 2012. Cash flow from operations during the first quarter was much stronger than revenue generated. Our seasonal pattern entails that a large proportion of our licensing transactions, but mainly our annual recurring support and maintenance agreements, are invoiced in the fourth quarter and paid by customers in the first quarter. This generates very strong cash flows in the first months of the year and low working capital requirements for the full year. Acquisition opens up a new geographic market We have, in April, signed an agreement to acquire Symetri, which has annual revenue of SEK 80 M. Symetri has a strong position in the UK market and is the largest Autodesk distributor to the manufacturing and oil and gas industries in the UK. We will, through the acquisition, introduce our product portfolio and service offering and our experience of selling to global customers in the UK. This is the first step in an expansion into a market that is expected to be one of Europe’s most rapidly growing economies in 2014. The acquisition, which is expected to be implemented in May, is conditional upon certain events. Staffan Hanstorp, CEO and President The information in this Interim Report is such that Addnode Group must disclose in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released on April 25, 2014 at 08:30. For more information please contact: Staffan Hanstorp CEO and President Phone: +46 733 772 430 E-mail: staffan.hanstorp@addnodegroup.com Johan Andersson CFO and IR Phone: +46 704 205 831 E-mail: johan.andersson@addnodegroup.com About Addnode Group AB Addnode Group provides mission-critical IT solutions to selected markets in both private and public sectors. We acquire, build and manage companies that deliver mission-critical IT solutions for the specific needs of our clients. Every day, 250,000 engineers use our systems to develop and maintain products, buildings and facilities. 100,000 civil servants in the public sector use our solutions for municipal and state administration. We are 950 employees in Sweden, Norway, Finland, Denmark, Serbia, India and USA. In 2013 net sales totaled SEK 1 444 M. Addnode's Series B share is listed on the OMX Nordic List, Small Cap. More information about Addnode Group on www.addnodegroup.com.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Quest Diagnostics at Jefferies Conference: What’s Next?

Quest Diagnostics Set for the Spotlight in London You're sipping your morning coffee when you hear that Quest Diagnostics (NYSE: DGX) is gearing up for a fireside chat in the UK's capital. Now, this isn't a random chit-chat we're talking about. Sam Samad, the man handling the books as their CFO, will be chatting it up at the Jefferies Global Healthcare Conference on...

Greenberg Traurig Expands Franchise Team with Tuneski

DC’s Legal Landscape Shifts with Tuneski’s Move Greenberg Traurig's Washington, D.C., office just dialed it up a notch by bringing in Alexander Tuneski. A guy like this crossing the floor from DLA Piper is big news. This isn’t just any legal bean counter; with over 20 years under his belt, Tuneski knows franchise law like the back of his hand. And when you've been...

Envision and ju:niz Boost Germany's Energy Storage

Germany Charges Ahead with Renewable Energy Storage Germany's on a mission, folks, and it's all about beefing up their renewable energy infrastructure. Out in Bavaria, Envision Energy and ju:niz Energy are prepping a significant leap forward. They're rolling out a big undertaking—a 442 MWh battery energy storage system (BESS) with their Smareg 13 project in Vöhringen....

Paul Taubman Takes Helm at Cold Spring Harbor Lab

Paul Taubman Steers the Ship at CSHL Here's the buzz coming out of Cold Spring Harbor Lab: they're handing the reins over to Paul Taubman. It's like swapping captains in the middle of the ocean—big shoes need to stay afloat. This place isn't just the playground for science nerds; it's a powerhouse in biomedical research. Now, we've got Taubman, a fella who's been...

Deadline Looms for BETR Investors: Take Action Now

What’s the Fuss About? Alright folks, let’s lay this out simple: Better Home & Finance Holding Company (NASDAQ: BETR) is in hot water. A class action’s been slapped on them, accusing the firm of sugarcoating its business prospects. If you bought BETR shares between March 13, 2026, and May 7, 2026, you might have a dog in this fight. Buckle up, because the stakes are...

Summit Midstream's Q3 Financial Results Signal Growth

Summit Midstream Delivers Strong Q3 Results Good grief, you'd think the grease is sliding off the griddle with these numbers. Summit Midstream Corporation (NYSE:SMC) is putting up figures that ought to make even the most poker-faced of traders crack a smile. We've got a net income sitting pretty at $15.9 million, and an Adjusted EBITDA that's climbed up to $70.7 million....

New Metrics Aim to Elevate Organ Procurement Performance

Revamping Organ Procurement: A New Approach In the tangled web of healthcare, the organ donation system stands as a lifeline that's often tangled in its metrics. The latest stride by the Association of Organ Procurement Organizations (AOPO) might put some untethered efforts in line. With an announcement on November 9, 2026, the AOPO unveiled three fresh performance...

Bimbo Bakeries Teamsters Gear Up for Strike in NJ

A Brewing Storm at Bimbo Bakeries The morning air in East Brunswick fills with more than just the scent of fresh bread; there’s a tension you can slice through with a butter knife. Unwavering and fired-up, over 90 workers at Bimbo Bakeries have thrown their hats into the ring, ready to strike to protect something as sacred as the dough they churn—Teamsters' health...

Antengene’s AnTenGager-D2 Advances in Cancer Treatment

Antengene's AnTenGager-D2 Offers Fresh Hope Alright, let's dig into the latest buzz from the 2026 Society for Immunotherapy of Cancer conference about Antengene's AnTenGager-D2 platform. If you're not into biotech lingo, buckle up, because this is a ride into the future of cancer treatments—where science fiction might soon become science fact. A Novel Approach to Tumor...

Specialty1 Partners: Top Workplaces Triumph in 2026

Employees Crown Specialty1 Partners a Workplace Gem There are only a few things in the business world sweeter than being named a Top Workplace, and flying that banner proudly is exactly what Specialty1 Partners gets to do. Named a winner by the Houston Chronicle in 2026, this recognition is no regular accolade. It's built on the raw honesty that employee surveys provide,...