Svenska

Redeye: Addnode Group - PLM boosted recurring revenue

Report this content

Sales was SEK 840m (777), corresponding to a growth of 8% YoY, which was exclusively M&A-driven. Our estimate was SEK 885m. . EBITA came in at SEK 105m (101), the equivalent of an EBITA margin of 12.5% (13.0). Our estimate was SEK 110m. The rapid transition to SaaS – mainly in PLM – has resulted in an accelerating increase in Addnode’s share of recurring revenue. The R12M figure was 58.4% in Q4, up from 56.2% in Q3. That is the biggest QoQ R12M increase since at least 2014. Going forward, we expect EBITA margins to be more evenly distributed throughout the year, because of the transition.

Read more and download the research update: http://bit.ly/2N1QoTu

Start following companies at Redeye to receive the latest equity research within Life Science and Technology.

This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se/about/