Addnode Group: Q4 preview
Addnode Group will release their report for the fourth quarter of 2017 on Wednesday the 7th of February. In Q3, the company showed lower earnings than expected, which mainly was explained by impairment losses for customer projects in PLM and external acquisition costs. However, we believe that the company will be back on track in Q4 and report an EBITA margin around 9. 4%.
Further, we expect sales growth of 17%, mainly driven by high demand from Addnode’s customers and completed acquisitions.