Interim report, January 1– June 30 2012

 | Source: Addnode Group AB Addnode Group AB 

Increased EBITA margins in all business areas
Second quarter 2012

  · Net sales totaled SEK 320.1 M (314.5).
  · EBITA1)increased to SEK 22.3 M (18.8), an EBITA-margin of 7.0 (6.0) percent.
  · Operating profit1) increased to SEK 17.4 M (14.4) M, an operating margin of
5.4 (4.6) percent.
  · Profit after tax was SEK 13.6 M (14.1)
  · Earnings per share after dilution amounted to SEK 0.48 (0.49)
  · Cash flow from operating activities amounted to SEK 22.0 M (20.9)

January – June 2012

  · Net sales totaled SEK 679.0 M (651.2).
  · EBITA1,2)increased to SEK 59.2 M (48.1), an EBITA-margin of 8.7 (7.4)
percent.
  · Operating profit2)increased to SEK 49.8 M (39.2), an operating margin of 7.3
(6.0) percent.
  ·  Profit after tax was SEK 36.6 M (35.8).
  ·  Earnings per share after dilution amounted to SEK 1.29 (1.25).
  · Cash flow from operating activities amounted to SEK 59.6 M (86.1)

1)     Excluding dividend of SEK 0.0 M (0.9) from its divested associated
company holding.
2)     Excluding costs of SEK 1.9 M (0.0) for the revaluation of conditional
purchase considerations.

Significant events during second quarter 2012

  · Acquisition of Cad Teknikk AS, with a SEK 40 M in net sales.
  · Order from TUI Nordic / Fritidsresor on PLM solution to create a better
travel deal.
  · Order from Statens musikverk (the Department for Music Development and
Heritage Sweden) for document and case management and e-archives.

Significant events after the end of the period

  · Acquisition of Voice Provider, with a SEK 26 M in net sales.

CEO’s comments

In a business climate that is characterized by turmoil from several quarters,
Addnode continues to perform well. Our niche offering is timely and in many
instances operation-critical for our customers. We work within well-selected
areas and markets. Our mix of private and public-sector customers creates
excellent prerequisites for stability even in more troubled times.

Both net sales and the EBITA margin rose during the second quarter compared with
the year-earlier period. An increasing number of customers are requesting
turnkey solutions as a complete service. These transactions, combined with our
already strong recurring support and maintenance revenue, will provide healthy
and stable revenue that will increase over time. We generated improved results
during the second quarter through generally favorable service sales.

Addnode is an acquisition-driven business and we have implemented three
supplementary acquisitions in 2012. The acquisition of Voice Provider, with
expertise in customer service, channel strategies, language technology, dialog
design and system development, entails that the Content Management business
area’s existing voice-driven solutions operation will be supplemented and
strengthened with a broader product and service offering.

Staffan Hanstorp, President and CEO

The information in this interim report is such that Addnode must disclose in
accordance with the Swedish Securities and Clearing Operations Act and/or the
Financial Instruments Trading Act. The information was released on July 19, 2012
at 11:00 a.m.
For more information, please contact:

Staffan Hanstorp, CEO och President, Addnode AB.
Tel: +46 733 772 430, e-mail: staffan.hanstorp@addnode.com

Johan Andersson, Head of Business Development and Corporate Communication,
Addnode AB.
Tel: +46 704 205 831, e-mail: johan.andersson@addnode.com

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