ANOD-BNasdaq StockholmTechnologyIFRS · SEK

Addnode Group

Addnode Group is a technology company that acquires, operates, and develops businesses focused on digitalizing society. It operates through three main divisions: Design Management, Product Lifecycle Management, and Process Management. The company is known for its decentralized governance model, allowing business-critical decisions to be made close to customers and markets. Addnode Group has a strong market presence in Europe and the USA, providing software and services for design, construction, and manufacturing, as well as digital solutions for product data and facility management.

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Revenue5,793m SEK
−25.3 %y/y
Operating profit (EBIT)607m SEK
+1.5 %y/y
EBIT margin10.5%
+2.8 ppy/y
Net income384m SEK
−4.5 %y/y
Free cash flow153m SEK
−77.9 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

02,0004,0006,0008,000m SEK2021: 4,077 m SEK2021: EBIT 305 m SEK20212022: 6,225 m SEK2022: EBIT 527 m SEK20222023: 7,412 m SEK2023: EBIT 410 m SEK20232024: 7,757 m SEK2024: EBIT 598 m SEK20242025: 5,793 m SEK2025: EBIT 607 m SEK2025TTM 2026: EBIT 495 m SEKTTM495
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Design Management35 %

Includes software for design and construction processes.

Product Lifecycle Management30 %

Solutions for managing product data and lifecycle.

Process Management25 %

Systems for optimizing business processes and workflows.

Digital Solutions10 %

Includes digital tools for project collaboration and facility management.

Customers

Addnode Group serves a diverse range of customers across multiple industries, primarily in Europe and the USA. Its clients include companies in design, construction, and manufacturing sectors, as well as public administration entities in Sweden. The company provides tailored software and digital solutions that enhance efficiency and sustainability, attracting businesses looking to optimize their operations and engage better with stakeholders. Public sector clients benefit from Addnode's document and case management systems, which streamline administrative processes.

Design and Construction

Buy design management software to optimize design processes.

Manufacturing

Use product lifecycle management solutions for efficient production.

Public Administration

Adopt document and case management systems for streamlined operations.

Facility Management

Implement facility management software for efficient operations.

Strategy

Addnode Group's strategy focuses on acquiring and developing businesses that contribute to the digitalization of society. The company aims for sustainable value growth through continuous acquisitions and supporting organic growth within its subsidiaries. It targets an annual net sales growth of at least 10% and maintains a decentralized governance model to stay close to its markets. The company's sustainability agenda is integral to its strategy, emphasizing solutions that promote environmental and societal benefits.

Acquisition of digital businessesMedium term

To enhance digitalization capabilities

Organic growth supportShort term

To drive earnings growth within subsidiaries

Sustainability initiativesLong term

To align with environmental and societal goals

Geography

Addnode Group operates in 19 countries across four continents, with a strong market presence in Europe and the USA. The company is particularly prominent in the European market, where it leads in providing digital solutions for product data and facility management. Its decentralized governance model allows for localized decision-making, enhancing its ability to serve diverse markets effectively. The company's geographic spread helps mitigate risks associated with regional economic fluctuations.

Risks

Addnode Group faces several risks, including integration challenges from acquisitions and the potential for economic downturns affecting its diverse markets. The decentralized governance model, while beneficial for local decision-making, may lead to inconsistencies in strategic alignment across subsidiaries. Additionally, the company is exposed to currency fluctuations due to its international operations. Industry-specific risks include rapid technological changes that require continuous innovation and adaptation.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Integration challenges1Economic downturns2Currency fluctuations3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Integration challengesImpact: HighLikelihood: Low

    Due to frequent acquisitions

  2. Economic downturnsImpact: MediumLikelihood: Medium

    Affecting diverse markets

  3. Currency fluctuationsImpact: MediumLikelihood: Medium

    International operations

Accounting

Judgemental items
Goodwill and intangible asset valuations

Due to frequent acquisitions

Impact: Significant on balance sheet

Revenue recognition timing

Affects reported earnings

Impact: Material on income statement

Seasonality

Causes quarterly fluctuations

Impact: Affects comparability

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Last updated: 24/09/2026