Addnode Group: Q1 preview

Research Note

2018-04-23

14:31

On Thursday the 26th of April, Addnode will publish their report covering the first quarter of 2018. We expect sales around SEK 736m and EBITA of about SEK 69m, driven by completed acquisitions as well as a favorable underlying demand. Historically, Addnode has shown a strong cash flow during the first quarter, which largely has been driven by advance payments from customers for support and maintenance agreements.

JS

Johan Svantesson

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