Addnode Group AB (publ) (ANOD_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this report presentation for the second quarter twenty twenty six. We will guide you through the quarter. With me, I have Kristina Ester McIntosh, CFO of Addnode Group myself is the CEO of Addnode Group, Johan Anderson. We will the agenda for today is that we will talk about Addnode Group, our divisions, the cash flow and balance sheet, and we will end with a q and a where you can ask your questions to me and Christina. And you will also find an appendix in this presentation. So we start by describing a quarter. During the quarter, our business continued to develop steadily and we have executed cost savings. So what are the key highlights in Q2 twenty twenty six? Adjusted organic growth was minus 5%. Reported growth and earnings of Design Management were affected by the renewal cycle of three year Autodesk contracts. As expected, this affects comparability between periods, but does not impact the underlying stable development of the business. The underlying organic growth for Design Management was flat in the quarter as Kristina will explain later more in detail. Acquisitions made in 2025 in Brazil, Canada and Norway continue to perform well. The Process Management division continues to improve. EBITDA is up 26% and the EBITDA margin has now improved eight consecutive quarters. The Product Lifecycle Management division continues to deliver improved profitability and EBITDA was up 24%. Cash flow from operating activities improved to SEK 62,000,000, primarily driven by positive development in design management. To increase focus on new sales and fully realize synergies from our expansion, we have done an efficiency program that is expected to reduce annual cost by approximately 100,000,000. Excluding cost for the efficiency program mentioned and early renewa...