Addnode Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 02:30 am EDT
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Addnode Group AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 1,808 million compared to SEK 1,624 million a year ago. Net income was SEK 35 million compared to SEK 103 million a year ago. Basic earnings per share from continuing operations was SEK 0.26 compared to SEK 0.77 a year ago. Diluted earnings per share from continuing operations was SEK 0.26 compared to SEK 0.77 a year ago.
For the nine months, sales was SEK 5,334 million compared to SEK 4,439 million a year ago. Net income was SEK 173 million compared to SEK 279 million a year ago. Basic earnings per share from continuing operations was SEK 1.3 compared to SEK 2.09 a year ago. Diluted earnings per share from continuing operations was SEK 1.3 compared to SEK 2.09 a year ago.
Addnode Group AB is a Sweden-based company, which provides with information technology (IT) solutions. Its operations are divided into four business areas. The Design Management area sells model and design-related IT solutions to the construction, real estate and industry sectors. The Product Lifecycle Management area offers IT solutions for product development and product information concerning the entire lifecycle of a product. The Process Management area offers systems for case management, municipal government, e-archives and geographic IT systems (GIS). The Content Management business area provides IT consultancy services within the areas of Web publishing, collaboration and intranet solutions, systems for e-commerce and cloud services. The Company operates Abou AB, 5D Systemkonsult AB (5D System), Service Works Group Ltd, Intrinsys Ltd and Transcat GmbH as wholly owned subsidiaries. In addition, the Company provides software solutions through its subsidiary, 5D Systemkonsult AB.
ADDNODE GROUP AB 
