Addnode Group: First comment on Q1

Research Note

2018-04-26

12:43

Today, Addnode presented their report covering the first quarter of 2018. Both sales and EBITA were in line with our estimates and came in at SEK 737m and SEK 66m, respectively. Cash flow from operations came in strong, driven by advance payments on a significant share of the annual maintenance contracts. All in all, Addnode started the year strongly, and we argue that the coming quarters looks promising.

JS

Johan Svantesson

Disclosures and disclaimers

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