Addnode Group Third Quarter 2024 Earnings: Beats Expectations

Addnode Group (STO:ANOD B) Third Quarter 2024 Results

Key Financial Results

• 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).
• EPS: kr0.73 (up from kr0.26 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Addnode Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the IT industry in Sweden are expected to grow by 2.4%.

Performance of the Swedish IT industry.

The company's shares are up 2.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Addnode Group's balance sheet health.

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