Recent Insider Transactions • May 03
Insider recently bought kr300k worth of stock On the 28th of April, Andreas Wikholm bought around 5k shares on-market at roughly kr58.39 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr962k more in shares than they have sold in the last 12 months. Upcoming Dividend • May 01
Upcoming dividend of kr1.15 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.8%). Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: kr0.83 (vs kr0.67 in 1Q 2025) First quarter 2026 results: EPS: kr0.83 (up from kr0.67 in 1Q 2025). Revenue: kr1.53b (up 4.8% from 1Q 2025). Net income: kr113.0m (up 26% from 1Q 2025). Profit margin: 7.4% (up from 6.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Buy Or Sell Opportunity • Apr 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to kr75.40. The fair value is estimated to be kr96.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has grown by 5.7%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr73.90, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 10x in the IT industry in the United Kingdom. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr95.16 per share. Aankondiging • Apr 01
Addnode Group AB (publ) to Report Fiscal Year 2026 Results on Feb 09, 2027 Addnode Group AB (publ) announced that they will report fiscal year 2026 results on Feb 09, 2027 Recent Insider Transactions • Feb 12
President recently bought kr374k worth of stock On the 3rd of February, Johan Andersson bought around 5k shares on-market at roughly kr83.18 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Johan has been a buyer over the last 12 months, purchasing a net total of kr801k worth in shares. Declared Dividend • Feb 05
Dividend of kr1.15 announced Dividend of kr1.15 is the same as last year. Ex-date: 8th May 2026 Payment date: 15th May 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 04
Full year 2025 earnings released: EPS: kr2.87 (vs kr3.02 in FY 2024) Full year 2025 results: EPS: kr2.87 (down from kr3.02 in FY 2024). Revenue: kr5.79b (down 25% from FY 2024). Net income: kr384.0m (down 4.5% from FY 2024). Profit margin: 6.6% (up from 5.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • Feb 04
Addnode Group AB (publ) announces Annual dividend, payable on May 15, 2026 Addnode Group AB (publ) announced Annual dividend of SEK 1.1500 per share payable on May 15, 2026, ex-date on May 08, 2026 and record date on May 11, 2026. Buy Or Sell Opportunity • Jan 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.7% to kr92.65. The fair value is estimated to be kr117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Aankondiging • Dec 03
Addnode Group AB (publ) (OM:ANOD B) acquired Acad Plus Inc. Addnode Group AB (publ) (OM:ANOD B) acquired Acad Plus Inc. on December 2, 2025. ACAD-Plus will be consolidated from December 2025 as part of Addnode Group’s division Design Management. ACAD-Plus reported net sales of SEK 12 million.
Addnode Group AB (publ) (OM:ANOD B) completed the acquisition of Acad Plus Inc. on December 2, 2025. Aankondiging • Oct 31
Addnode Group AB (publ), Annual General Meeting, May 07, 2026 Addnode Group AB (publ), Annual General Meeting, May 07, 2026. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: kr0.40 (vs kr0.73 in 3Q 2024) Third quarter 2025 results: EPS: kr0.40 (down from kr0.73 in 3Q 2024). Revenue: kr1.31b (down 30% from 3Q 2024). Net income: kr54.0m (down 44% from 3Q 2024). Profit margin: 4.1% (down from 5.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Buy Or Sell Opportunity • Oct 03
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to kr103. The fair value is estimated to be kr85.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 5.2%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Aankondiging • Jul 15
Addnode Group AB (publ) to Report Q1, 2026 Results on Apr 28, 2026 Addnode Group AB (publ) announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Jul 14
Second quarter 2025 earnings released: EPS: kr0.78 (vs kr0.41 in 2Q 2024) Second quarter 2025 results: EPS: kr0.78 (up from kr0.41 in 2Q 2024). Revenue: kr1.46b (down 27% from 2Q 2024). Net income: kr104.0m (up 93% from 2Q 2024). Profit margin: 7.1% (up from 2.7% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Jul 02
Addnode Group AB (publ) (OM:ANOD B) completed the acquisition of Genus As. Addnode Group AB (publ) (OM:ANOD B) signed an agreement to acquire Genus As on May 28, 2025. The consideration consists of 2.05 million common equity of Addnode Group AB (publ) to be issued for common equity of Genus As. A cash consideration will be paid by Addnode Group AB (publ). As part of consideration, an undisclosed value is paid towards common equity of Genus As. A contingent consideration may be paid depending on Genus’ future financial performance.
For the period ending December 31, 2024, Genus As reported total revenue of NOK 165 million.
The acquisition is not subject to any completion conditions. Genus will be consolidated as part of Addnode Group’s division Process Management. The expected completion of the transaction is July 1, 2025.
Addnode Group AB (publ) (OM:ANOD B) completed the acquisition of Genus As on July 1, 2025. The number of newly issued B shares amounts to 2,024,442, which, calculated after the issue, corresponds to a dilution of 1.48% of the share capital and 1.18% of the voting rights in Addnode Group. Aankondiging • May 30
Addnode Group AB (publ) (OM:ANOD B) agreed to acquire Genus As Addnode Group AB (publ) (OM:ANOD B) agreed to acquire Genus As on May 28, 2025. The consideration consists of 2.05 million common equity of Addnode Group AB (publ) to be issued for common equity of Genus As. A cash consideration will be paid by Addnode Group AB (publ). As part of consideration, an undisclosed value is paid towards common equity of Genus As. A contingent consideration may be paid depending on Genus’ future financial performance.
For the period ending December 31, 2024, Genus As reported total revenue of NOK 165 million.
The acquisition is not subject to any completion conditions. Genus will be consolidated as part of Addnode Group’s division Process Management. The expected completion of the transaction is July 1, 2025. Aankondiging • May 08
Addnode Group AB (Publ) Approves the Dividend Addnode Group announced that at its AGM held on 7 May 2025, the meeting decided, in accordance with the Board of Directors' proposal, that of the profit according to the adopted balance sheet, a dividend of SEK 1.15 per share shall be distributed to the shareholders, representing a total amount of SEK 153,496,998 and that the remaining available earnings of SEK 870,972,735 shall be carried forward. Recent Insider Transactions • May 02
President recently bought kr427k worth of stock On the 25th of April, Johan Andersson bought around 5k shares on-market at roughly kr90.24 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months. Upcoming Dividend • May 02
Upcoming dividend of kr1.15 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (3.3%). Recent Insider Transactions • Apr 28
President recently bought kr427k worth of stock On the 25th of April, Johan Andersson bought around 5k shares on-market at roughly kr90.24 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Apr 25
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to kr87.00. The fair value is estimated to be kr117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 7.8%. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are forecast to grow by 15% per annum over the same time period. Declared Dividend • Apr 11
Dividend increased to kr1.15 Dividend of kr1.15 is 15% higher than last year. Ex-date: 8th May 2025 Payment date: 14th May 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 38%. Cash payout ratio: 31%. Aankondiging • Apr 10
Addnode Group AB (publ) announces Annual dividend, payable on May 14, 2025 Addnode Group AB (publ) announced Annual dividend of SEK 1.1500 per share payable on May 14, 2025, ex-date on May 08, 2025 and record date on May 09, 2025. Reported Earnings • Apr 08
Full year 2024 earnings released: EPS: kr3.02 (vs kr2.09 in FY 2023) Full year 2024 results: EPS: kr3.02 (up from kr2.09 in FY 2023). Revenue: kr7.76b (up 4.7% from FY 2023). Net income: kr402.0m (up 44% from FY 2023). Profit margin: 5.2% (up from 3.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 7.7% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to kr90.10. The fair value is estimated to be kr119, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 7.8%. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. New Risk • Feb 04
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 01
Full year 2024 earnings released: EPS: kr3.02 (vs kr2.09 in FY 2023) Full year 2024 results: EPS: kr3.02 (up from kr2.09 in FY 2023). Revenue: kr7.76b (up 4.7% from FY 2023). Net income: kr402.0m (up 44% from FY 2023). Profit margin: 5.2% (up from 3.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 7.4% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Aankondiging • Feb 01
Addnode Group AB (publ), Annual General Meeting, May 07, 2025 Addnode Group AB (publ), Annual General Meeting, May 07, 2025. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr118, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the IT industry in the United Kingdom. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr87.70 per share. Buy Or Sell Opportunity • Jan 31
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to kr118. The fair value is estimated to be kr87.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 9.7%. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings are forecast to grow by 17% per annum over the same time period. Aankondiging • Jan 28
Addnode Group AB (publ) (OM:ANOD B) signed an agreement to acquire Congere IT-Konsult AB. Addnode Group AB (publ) (OM:ANOD B) signed an agreement to acquire Congere IT-Konsult AB on January 27, 2025. For the period ending December 31, 2024, Congere IT-Konsult AB reported total revenue of SEK 25 million and has 22 employees. Congere will be part of Addnode Group’s division Process Management. The expected completion of the transaction is in February 2025. Aankondiging • Jan 27
Addnode Group AB (publ) to Report Fiscal Year 2024 Final Results on Mar 31, 2025 Addnode Group AB (publ) announced that they will report fiscal year 2024 final results on Mar 31, 2025 Aankondiging • Oct 25
Addnode Group AB (publ) to Report Q1, 2025 Results on Apr 25, 2025 Addnode Group AB (publ) announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: kr0.73 (vs kr0.26 in 3Q 2023) Third quarter 2024 results: EPS: kr0.73 (up from kr0.26 in 3Q 2023). Revenue: kr1.86b (up 2.8% from 3Q 2023). Net income: kr97.0m (up 177% from 3Q 2023). Profit margin: 5.2% (up from 1.9% in 3Q 2023). Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the IT industry in the United Kingdom are expected to grow by 8.1%. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Buy Or Sell Opportunity • Oct 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to kr116. The fair value is estimated to be kr96.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 9.7%. Revenue is forecast to decline by 15% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Buy Or Sell Opportunity • Sep 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to kr109. The fair value is estimated to be kr137, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to decline by 17% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Buy Or Sell Opportunity • Sep 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.1% to kr108. The fair value is estimated to be kr136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to decline by 17% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr110, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the IT industry in the United Kingdom. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr125 per share. Recent Insider Transactions • Jul 16
Chief Financial Officer recently bought kr250k worth of stock On the 12th of July, Kristina Mackintosh bought around 2k shares on-market at roughly kr116 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kristina's only on-market trade for the last 12 months. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr0.41 (vs kr0.26 in 2Q 2023) Second quarter 2024 results: EPS: kr0.41 (up from kr0.26 in 2Q 2023). Revenue: kr2.01b (up 29% from 2Q 2023). Net income: kr54.0m (up 59% from 2Q 2023). Profit margin: 2.7% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Recent Insider Transactions • Jun 06
Chairman recently sold kr182m worth of stock On the 31st of May, Staffan Hanstorp sold around 2m shares on-market at roughly kr121 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Staffan's only on-market trade for the last 12 months. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.90 (vs kr0.78 in 1Q 2023) First quarter 2024 results: EPS: kr0.90 (up from kr0.78 in 1Q 2023). Revenue: kr2.41b (up 22% from 1Q 2023). Net income: kr120.0m (up 15% from 1Q 2023). Profit margin: 5.0% (down from 5.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Aankondiging • Apr 17
Addnode Group AB (Publ) Announces Step Down of Jonas Gejer from Management, Effective from June 30, 2024 Addnode Group AB (publ) announced that Jonas Gejer, Vice President of Business Development and part of Addnode Group’s Management, has decided to step down from his position in Addnode Group, as of June 30, 2024. Jonas will remain as long-term main owner of Addnode Group together with Staffan Hanstorp through Aretro Capital Group AB. Jonas has served in key roles since Technia joined Addnode Group in 2004, from Head of Sales and CEO of Technia and Division President Product Lifecycle Management, and lately driving Group Business development. As one the founders and later as CEO Jonas has been instrumental in expanding Technia, both organically and through acquisitions, to become an international company with business in 20 countries. With Jonas as CEO Technia grew net sales with 500 per cent. Declared Dividend • Apr 10
Dividend of kr1.00 announced Dividend of kr1.00 is the same as last year. Ex-date: 8th May 2024 Payment date: 15th May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.4%. Payout Ratios Payout ratio: 48%. Cash payout ratio: 47%. Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: kr2.09 (vs kr2.86 in FY 2022) Full year 2023 results: EPS: kr2.09 (down from kr2.86 in FY 2022). Revenue: kr7.41b (up 19% from FY 2022). Net income: kr279.0m (down 27% from FY 2022). Profit margin: 3.8% (down from 6.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 19% per year. Aankondiging • Mar 08
Addnode Group AB (publ) to Report Fiscal Year 2023 Final Results on Apr 01, 2024 Addnode Group AB (publ) announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on Apr 01, 2024 Aankondiging • Feb 05
Addnode Group AB (Publ) Proposes Dividend for 2023, Payable in May 2024 Addnode Group AB (publ) announced that Board proposed a dividend of SEK 1.00 (1.00) per share for 2023 that will be paid to shareholders in May 2024. New Risk • Feb 04
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 47% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: kr2.09 (vs kr2.86 in FY 2022) Full year 2023 results: EPS: kr2.09 (down from kr2.86 in FY 2022). Revenue: kr7.41b (up 19% from FY 2022). Net income: kr279.0m (down 27% from FY 2022). Profit margin: 3.8% (down from 6.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 21
Addnode Group AB (publ) to Report Fiscal Year 2024 Results on Jan 31, 2025 Addnode Group AB (publ) announced that they will report fiscal year 2024 results on Jan 31, 2025 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr83.26, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 23x in the IT industry in the United Kingdom. Total returns to shareholders of 36% over the past three years. Reported Earnings • Oct 29
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr1.81b (up 11% from 3Q 2022). Net income: kr35.0m (down 66% from 3Q 2022). Profit margin: 1.9% (down from 6.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 13
Addnode Group AB (publ) Announces Nomination Committee for 2024 Addnode Group AB (publ)'s Annual General Meeting on May 4, 2023, the members of the Nomination Committee are hereby announced and will remain as composed until a new Nomination Committee has been appointed in accordance with the mandate of the next Annual General Meeting. The Nomination Committee has the following composition: Jonas Gejer, appointed by Aretro Capital Group AB. Jonas Gejer is the chairman of the Nomination Committee as the representative of the largest owner in terms of votes. Andreas Wollheim, appointed by SEB Investment Management. Marianne Nilsson, appointed by Swedbank Robur Fonder. Claes Murander, appointed by Lannebo Fonder. Staffan Hanstorp, chairman of Addnode Group's Board of Directors. Addnode Group's Annual General Meeting 2024 will be held on May 7, 2024. Aankondiging • Sep 06
Addnode Group AB (Publ) Announces CFO Changes Addnode Group AB (publ) announced Kristina Elfström Mackintosh has been appointed CFO in Addnode Group. Kristina will take up the position no later than February 2024 and will then also be part of Addnode Group's Group Management team. Kristina has solid experience as CFO for both listed and international groups, as well as fast growing companies with a strong acquisition focus. Most recently, Kristina comes from a role as CFO for ChargeAmps, a growth company in electric vehicle charging, before that Kristina was, among other things, CFO for Lagercrantz Group. Kristina holds a BSc in Business and Economics from Uppsala University and has been an authorized accountant. As previously announced, the current CFO Lotta Jarleryd will leave Addnode Group. Aankondiging • Aug 22
Addnode Group AB (publ) to Report Q1, 2024 Results on Apr 25, 2024 Addnode Group AB (publ) announced that they will report Q1, 2024 results at 8:30 AM, Central European Standard Time on Apr 25, 2024 Buying Opportunity • Aug 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be kr99.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Recent Insider Transactions • Jul 22
President recently bought kr490k worth of stock On the 19th of July, Johan Andersson bought around 6k shares on-market at roughly kr80.44 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months. Reported Earnings • Jul 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr1.55b (up 4.4% from 2Q 2022). Net income: kr34.0m (down 51% from 2Q 2022). Profit margin: 2.2% (down from 4.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. New Risk • Jul 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to kr82.60, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the IT industry in the United Kingdom. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr98.97 per share. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director Petra Alund was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 28
Upcoming dividend of kr1.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.3%). Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: kr2.86 (vs kr1.66 in FY 2021) Full year 2022 results: EPS: kr2.86 (up from kr1.66 in FY 2021). Revenue: kr6.23b (up 53% from FY 2021). Net income: kr382.0m (up 71% from FY 2021). Profit margin: 6.1% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: kr2.86 (vs kr1.66 in FY 2021) Full year 2022 results: EPS: kr2.86 (up from kr1.66 in FY 2021). Revenue: kr6.23b (up 53% from FY 2021). Net income: kr382.0m (up 71% from FY 2021). Profit margin: 6.1% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 32% per year. Aankondiging • Feb 04
Addnode Group AB (publ) Proposes Dividend for the Financial Year 2022, Payable on 11 May 2023 The Board of Directors of Addnode Group AB (publ) proposed that the Annual General Meeting approves a dividend of SEK 1.00 per share (0.75) for the financial year 2022, corresponding to a total dividend of SEK 133 million (100). 8 May 2023 has been proposed as the record date for payment of dividends. If the Annual General Meeting approves this proposal, dividends are expected to be disbursed on 11 May 2023. Aankondiging • Jan 17
Addnode Group AB (publ) to Report Fiscal Year 2023 Results on Feb 02, 2024 Addnode Group AB (publ) announced that they will report fiscal year 2023 results at 8:30 AM, Central European Standard Time on Feb 02, 2024 Aankondiging • Jan 03
Addnode Group AB (publ) (OM:ANOD B) acquired Fast2 Affarssystem Ab. Addnode Group AB (publ) (OM:ANOD B) acquired Fast2 Affarssystem Ab on January 2, 2023. FAST2 will be consolidated starting from January 2, 2023, as part of Addnode Group's Design Management Division.
Addnode Group AB (publ) (OM:ANOD B) completed the acquisition of Fast2 Affarssystem Ab on January 2, 2023. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Director Kristina Willgard was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 29
Addnode Group AB (publ) to Report First Half, 2023 Results on Jul 14, 2023 Addnode Group AB (publ) announced that they will report first half, 2023 results on Jul 14, 2023 Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS: kr0.52 (vs kr0.30 in 2Q 2021) Second quarter 2022 results: EPS: kr0.52 (up from kr0.30 in 2Q 2021). Revenue: kr1.49b (up 49% from 2Q 2021). Net income: kr70.0m (up 75% from 2Q 2021). Profit margin: 4.7% (up from 4.0% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 20% share price gain to kr98.25, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the IT industry in the United Kingdom. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr82.50, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 22x in the IT industry in the United Kingdom. Total loss to shareholders of 13% over the past year. Aankondiging • Aug 09
Addnode Group AB (publ) to Report Fiscal Year 2022 Results on Feb 03, 2023 Addnode Group AB (publ) announced that they will report fiscal year 2022 results on Feb 03, 2023 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 24% share price gain to kr102, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 25x in the IT industry in the United Kingdom. Total returns to shareholders of 168% over the past three years. Reported Earnings • Jul 16
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr1.49b (up 49% from 2Q 2021). Net income: kr70.0m (up 75% from 2Q 2021). Profit margin: 4.7% (up from 4.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 13% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr87.45, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 26x in the IT industry in the United Kingdom. Total returns to shareholders of 139% over the past three years. Reported Earnings • May 01
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr1.33b (up 28% from 1Q 2021). Net income: kr106.0m (up 96% from 1Q 2021). Profit margin: 8.0% (up from 5.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.8%, compared to a 16% growth forecast for the industry in the United Kingdom. Upcoming Dividend • Apr 28
Upcoming dividend of kr3.00 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (4.7%). Lower than average of industry peers (2.4%). Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Director Kristina Willgard was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 12
Head of M&A and Corporate Development recently sold kr468k worth of stock On the 10th of March, Adam Nilsson sold around 1k shares on-market at roughly kr374 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr19m more than they bought in the last 12 months. Reported Earnings • Feb 05
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr6.63 (up from kr4.88 in FY 2020). Revenue: kr4.08b (up 7.1% from FY 2020). Net income: kr223.0m (up 37% from FY 2020). Profit margin: 5.5% (up from 4.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 13%, compared to a 18% growth forecast for the industry in the United Kingdom. Reported Earnings • Oct 30
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr925.0m (up 15% from 3Q 2020). Net income: kr49.0m (up 32% from 3Q 2020). Profit margin: 5.3% (up from 4.6% in 3Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Sep 18
Director recently bought kr190k worth of stock On the 16th of September, Kristina Willgard bought around 500 shares on-market at roughly kr379 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr14m more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 01
President of Design Management Division recently sold kr14m worth of stock On the 28th of July, Rolf Kjaernsli sold around 60k shares on-market at roughly kr241 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 22
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr1.00b (up 18% from 2Q 2020). Net income: kr40.0m (up 186% from 2Q 2020). Profit margin: 4.0% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue.