Q2 2026 Addnode Group AB (publ) Earnings Call Transcript
Key Points
- EBITDA increased by 26%, marking the eighth consecutive quarter of margin improvement.
- Acquisitions in Brazil, Canada, and Norway performed well, contributing positively to the company's growth.
- The Process Management division saw an 18% increase in net sales, driven by strong demand from the public sector.
- Recurring revenue accounted for 62% of net sales over the last 12 months, providing a stable income base.
- The company is well-positioned in markets driven by digitalization and AI, with strong customer retention and long-standing relationships.
- Adjusted organic growth was negative at minus 5%, with the Design Management division particularly affected.
- Net sales decreased slightly from SEK1.457 billion to SEK1.449 billion year-over-year.
- The Design Management division experienced an 11% decrease in net sales due to timing of Autodesk contract renewals.
- Currency effects negatively impacted results by SEK7 million, primarily due to fluctuations in the US dollar.
- The company faces challenges with the new Autodesk incentive model, impacting net sales by SEK20 million.
Welcome to the Addnode Group Q2 presentation. (Operator Instructions)
Now I will hand the conference over to the CEO, Johan Andersson; and CFO, Kristina Mackintosh. Please go ahead.
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Welcome to this report presentation for the second quarter 2026. We will guide for the quarter. With me, I have Kristina Mackintosh, CFO of Addnode Group; and myself is the CEO of Addnode Group, Johan Andersson. 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&A where you can ask your questions to me and Kristina, and you will also find an appendix in this presentation.
So we start by describing the quarter. During the quarter, our business continued to develop steadily, and we have executed cost savings. What are the key highlights in Q2 2026. Adjusted organic growth was minus 5%. Reported growth and earnings of design management were affected
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