Addnode Group’s Annual Report 2025 Published

In 2025, EBITA increased to SEK 903 m (863), and the EBITA margin increased to 15.6 percent (11.1). Addnode Group’s business model generates a high share of recurring revenue. In 2025, recurring revenue accounted for 63 percent of the Group’s total revenue. Net sales amounted to SEK 5,793 m.

“2025 was a year of decisive action within Addnode Group. We completed ten acquisitions and expanded into new markets. Despite fluctuating market conditions, we improved our profitability through efficiency enhancements and continued to develop our offerings with AI support. Our new financial targets confirm our strategy to accelerate organic earnings growth through innovation and efficiency, supported by value-creating acquisitions,” Johan Andersson, Addnode Group’s President and CEO, writes in the report.

Some highlights from financial year 2025

• New financial targets were introduced in connection with Addnode Group’s first Capital Markets Day on September 22. EBITA growth is to amount to at least 15 percent, the EBITA margin is to amount to at least 17 percent, and net debt should not exceed more than 2.5x EBITDA. The dividend policy of 30-50 percent of the Group’s profit after tax remains unchanged.
• Ten acquisitions were carried out during the year:
  • The Design Management division completed five acquisitions: portions of TPM and Repro Products in the USA, FF Solutions in Brazil, Solidcad in Canada and Acad-Plus in the USA. The acquisitions added approximately SEK 434 m in net sales.
  • The Product Lifecycle Management division acquired X10D Solutions in Sweden. The acquisition added approximately SEK 40 m in net sales.
  • The Process Management division acquired four operations: Congere, Railit and Pcskog in Sweden and Genus in Norway. The acquisitions added a total of approximately SEK 214 m in net sales.
• The acquisition of Genus was paid in cash and newly issued class B shares. The number of shares in the Addnode Group increased from 134,528,232 to 136,552,674 shares. Calculated after the share issue, this corresponded to a dilution of 1.48 percent of the share capital and 1.18 percent of the votes.
• Symetri’s partner Autodesk implemented a new transaction model in 2024 that reduced the company’s net sales and increased its EBITA margin in 2025.
• The existing credit structure was expanded and refinanced on more favorable terms, while the Swedish Export Credit Corporation (SEK) joined the banking group that previously consisted of Nordea and SEB. The total existing credit line now amounts to SEK 3,700 m.

The annual report is attached with this press release and is also available at https://www.addnodegroup.com/investors/reports-and-presentations/, where the Swedish version of the report also is available in European Single Electronic Format (ESEF).