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Addnode Group: Interim Report: January 1 - June 30 2016

STOCKHOLM, JULY 22, 2016 - 36% growth and strong earnings improvement
in the quarter

Second quarter summary, April - June 2016

· Net sales grew 36 per cent to SEK 528.4 m (387.3).
· EBITA increased to SEK 37.0 m (22.6), corresponding to an EBITA
margin of 7.0 per cent (5.8).

· Operating profit increased to SEK 23.3 m (12.8), corresponding to
an operating margin of 4.4 per cent (3.3).

· Profit after tax increased to SEK 15.6 m (8.7).
· Earnings per share after dilution increased to SEK 0.51 (0.29).
· Cash flow from operating activities was SEK -28.2 m (23.3).
First half year summary, January - June 2016

· Net sales grew 31 per cent to SEK 1,069.2 m (819.1).
· EBITA increased to SEK 67.6 m (56.3), corresponding to an EBITA
margin of 6.3 per cent (6.9).

· Operating profit increased to SEK 41.5 m (37.2), corresponding to
an operating margin of 3.9 per cent (4.5).

· Profit after tax was SEK 28.3 m (28.3).
· Earnings per share after dilution were SEK 0.93 (0.96).
· Cash flow from operating activities was SEK 122.0 m (63.8).
Significant events during the second quarter, April - June 2016

· PLM services agreement signed with globally leading provider of
transportation systems - order value worth more than SEK 20 m.

· Framework agreement signed with Inera for e-health application

· Contract award decision for planning and monitoring system with
order value of approximately SEK 35 m appealed for review.

· Subsidiaries Tekis and Cartesia merged under the Sokigo brand.
· The subsidiary Cad-Q renamed to Symetri.
Significant events after the end of the reporting period

· Acquisition of software company EssVision.
· Establishment of new software company in Norway focusing on the
pharmacy and e-health sectors.

CEO comment's

A good quarter with organic growth

Organic growth and stronger margins

During the second quarter we had growth of 36 per cent, a stronger
EBITA margin, and a sharp improvement in earnings per share compared
with the same quarter a year ago. Organic growth for comparable units
was six per cent, and recurring revenue from support and maintenance
agreements and SaaS solutions accounted for nearly half of net sales
- in other words a good quarter!

Further focus on the public sector

In the Process Management business area we are contributing to
societal benefit by being a driver of digitalisation in the public
sector. We have won new agreements and are making exciting inroads
into new areas. During the quarter we signed a framework agreement in
e-health with Inera, and we are awaiting a decision on the appealed
contract award decision from the City of Gothenburg, worth more than
SEK 35 m. After the end of the period we launched the subsidiary
Pharmasolutions AS, which will focus on system solutions for the
e-health and pharmacy market in Norway. IT deliveries to the
Norwegian pharmacy market amounted to approximately NOK 500 m in
2015, and demand is expected to accelerate in pace with increased
digitalisation in the e-health sector, and thus we see major business
potential in this area.

International arena for Design and PLM

In the Design Management business area, the shift from the Cad-Q brand
to Symetri has made it clear that we are one of northern Europe's
leading suppliers of software and services for design and product
data information. We have had good demand from the construction and
property market in Sweden and favourable performance for our Interaxo
project tool in Norway. Through the acquisition of Transcat in 2015
we expanded our international reach in the Product Lifecycle
Management (PLM) business area. We are attracting a growing number of
customers both in Europe and the USA, who attach a premium to the
fact that we have a level of competence, size and international
organisation that sets us apart from our competitors. Among other
achievements, during the quarter we signed a service agreement worth
more than SEK 20 m with an internationally leading US-based supplier
of transport systems.

We are continuing our acquisition journey

During 2016 we continued on our acquisition journey and welcomed an
additional two software companies to the Group. In February we
acquired 5D Systemkonsult, a niche provider of systems for the
property management sector, and after the end of the second quarter
we acquired the software company EssVision, which broadens our
information management product portfolio and strengthens our
comprehensive offering to municipalities and authorities. Our
acquisition prospects remain good, and we are continuously evaluating
a large number of acquisition candidates.

Good opportunities

We work in markets with good opportunities for profitable growth. By
developing our existing operations and successively acquiring
companies, we are leveraging our niche offerings to be even more
competitive in an international arena.

Staffan Hanstorp, President and CEO

The information in this press release is such that Addnode Group AB
(publ) must disclose in accordance with the Market Abuse Regulation,
the Swedish Securities Market Act and/or the Financial Instruments
Trading Act. The information was released on July 22, 2016 , at 11:00

For more information, please contact:

Staffan Hanstorp, President and CEO Addnode Group AB
Tel: +46 (0) 73 377 24 30, e-mail:

Johan Andersson, CFO Addnode Group AB
Tel: +46 (0) 704 205 831, e-mail:

About Addnode Group

Addnode Group acquires, operates and develops entrepreneur-driven
companies that supply software and services to markets in which we
have or can achieve a leading position. We are one of Europe's
leading suppliers of software and services for design, construction
and product data information, and a leading supplier of document and
case management systems to public sector clients in Sweden and
Norway. More than 600,000 engineers and officials use our system
solutions on a daily basis.

We are 1,200 employees in Sweden, Austria, Denmark, Finland, Germany,
India, Norway, Slovakia, UK, US and Serbia. Net sales in 2015
amounted to SEK 1,900 M. Addnode Group's Series B share is listed on
Nasdaq Stockholm. For more information, please visit


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