Company DescriptionAddnode Group AB (publ) provides software and services for the design, construction, and product data information. It operates through Design Management, Product Lifecycle Management (PLM), and Process Management divisions. The Design Management division provides software and services for 3D design, building information modelling, and simulation to engineers and architects in construction and real estate sectors, as well as manufacturing and marine industries. This division also develops project collaboration, property management, and workplace management software. The PLM division offers software and system for developing and managing consumer and industrial products during their entire lifecycles. It serves customers in telecom, manufacturing, automotive, construction, civil engineering, pharmaceuticals, life sciences, retail, and energy production. The Process Management division provides software and services for document and case management; business planning and decision support; e-archives; digitalized citizen services; and geographic information systems to the public sector and private customers, as well as mobile services for healthcare and nursing staffs. The company was founded in 2003 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Addnode Group AB Class B Financial Statement Overview

Summary

Addnode Group AB's financial performance in 2024 reflects strong growth and profitability, with a solid balance sheet and robust cash flow generation. The company's strategic management of debt and equity has positioned it well for future opportunities, though attention to financing activities is advised to mitigate potential risks.

Income Statement

Very Positive

Addnode Group AB has demonstrated consistent revenue growth with a 4.65% increase from 2023 to 2024. The gross profit margin improved significantly, and the net profit margin rose to 5.18% in 2024, reflecting enhanced profitability. The EBIT and EBITDA margins also show healthy profitability levels, indicating effective cost management and operational efficiency.

Balance Sheet

Very Positive

The company shows a strong balance sheet with no debt in 2024, drastically improving from previous years. The equity ratio is robust at 28.65%, indicating a stable financial structure and a solid foundation for growth. The return on equity stands at a healthy 16.35%, showing efficient use of shareholders' equity to generate profit.

Cash Flow

Positive

Operating cash flow has shown a substantial increase, supporting a 73.52% growth in free cash flow from 2023 to 2024. The ratios of operating cash flow and free cash flow to net income suggest a strong cash generation capability relative to net income. However, fluctuations in financing activities could pose potential risks.

TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
6.81B	7.76B	7.41B	6.22B	4.08B	3.81B
	Gross Profit
3.55B	4.20B	511.00M	1.23B	831.00M	711.00M
	EBIT
560.00M	598.00M	424.00M	527.00M	305.00M	229.00M
	EBITDA
1.07B	1.08B	724.00M	771.00M	487.00M	396.00M
	Net Income Common Stockholders
372.00M	402.00M	279.00M	382.00M	223.00M	163.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
680.00M	674.00M	667.00M	600.00M	406.00M	644.00M
	Total Assets
8.02B	8.58B	7.20B	6.20B	4.32B	3.82B
	Total Debt
0.00	1.73B	1.67B	1.07B	776.00M	828.00M
	Net Debt
-680.00M	1.05B	1.00B	469.00M	370.00M	184.00M
	Total Liabilities
5.56B	6.12B	5.08B	4.19B	2.63B	2.31B
	Stockholders Equity
2.46B	2.46B	2.12B	2.00B	1.69B	1.51B
Cash Flow		Free Cash Flow
311.00M	491.00M	283.00M	585.00M	329.00M	473.00M
	Operating Cash Flow
523.00M	701.00M	485.00M	714.00M	437.00M	579.00M
	Investing Cash Flow
-512.00M	-532.00M	-672.00M	-490.00M	-398.00M	-375.00M
	Financing Cash Flow
-247.00M	-211.00M	276.00M	-63.00M	-305.00M	193.00M

Addnode Group AB Class B Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AR7		€1.25B	37.55	15.33%	1.09%	―	―
Sector *	62 Neutral	$11.81B	10.34	-7.44%	2.91%	7.41%	-7.93%
LTX		€502.40M	60.26	29.90%	0.87%	―	―
7VS		€1.66B	45.22	9.58%	0.63%	―	―
49X0		€2.18B	50.28	28.15%	0.51%	―	―
KOW		€329.33M	43.93	1.97%	2.77%	―	―
PIU0		€286.68M	15.84	18.16%	1.95%	―	―

* Technology Sector Average

Performance Comparison

DE:AR7

Addnode Group AB Class B

9.17

-1.11

-10.80%

DE:LTX

Lime Technologies AB

37.40

6.33

20.37%

DE:7VS

Vitec Software Group AB Class B

41.76

-5.67

-11.95%

DE:49X0

Truecaller AB Class B

6.30

3.02

92.07%

DE:KOW

Knowit AB

11.80

-3.73

-24.02%

DE:PIU0

Proact IT Group AB

10.68

-2.67

-20.00%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.