Addnode Group: First comment Q3, above our estimates and changes in management

Research Note

2016-10-26

12:35

Today Addnode Group released their report for the third quarter of 2016. Both the net sales and the result was marginally better than we had anticipated. In conjunction with the report release, the company also communicated that the current CFO, Johan Andersson, will step up and takes on the role of the Group’s CEO. The current CEO, Staffan Hanstorp, will continue as the new Chairmen of Addnode Group. The company also disclosed that they had signed a new credit facility for acquisitions of SEK 200m.

KL

Kristoffer Lindström

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