Michael Lassine
Analyst, DNB Carnegie
Replay available
Addnode Group AB (publ) (STO: ANOD_B) Q4 2025 earnings conference call, held 2026-02-03. Replay captured from the company's public earnings webcast.

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Hello, everyone. It seems that we had some technical trouble in the beginning, so it might be that you didn't hear me in the beginning. So I just want to start over again and thank you for listening in and show the agenda. And let's start from there. So Adler Group's purpose is all about digitalization for a better society. We operate, acquire and develop entrepreneurial companies that provide digital solutions. For innovation and continuous development in close collaboration with our customers, we create digital solutions for specific needs. The software and digital solutions that we provide design buildings, infrastructure and cities, and also the products that we all use every day, like cars and all the way to our life science instruments. When things have been designed and built, they need to be maintained with a lifecycle perspective. And the public sector has a responsibility for the design and maintenance of our infrastructure. Our digital solutions makes all this possible. So looking at 2025, it was a year when we have set the foundation for further expansion. As I look back, I'm proud of the efforts our employees made and I truly feel confident about the future. We have landed new customers, strengthened our offerings, expanded into new geographic markets. Acquisitions have added net sales of approximately 700 million and we have strengthened the EBITDA margin. We have defined new financial targets, secure refinancing on more favorable terms, changed a new transaction model, adapted the reporting of third-party agreements. We also continue to invest in AI and product development, optimized our organization, and improved the EBITDA margin. So we increased the net sales with 4%. We had an EBITDA growth also of 5%, and the EBITDA margin increased of 15.6%. Look...