Addnode Group Q1’19: Organic growth is back
Sales and EBITA came in at SEK 858m (737) and SEK 82m (66), both beating our forecast with 7%. Organic growth was 5%. Design beat our forecast both regarding margin and growth. The margin increased to 11.
6% (10. 0) and the organic growth was 10%. PLM was in line with our forecast while Process came in somewhat below our estimate.
We will likely increase our forecasts slightly.