Addnode Group AB (publ)

Good morning everyone and welcome to the presentation of the Adnod Group Q1 report. I'm Johan Andersson, the CEO of Adnod Group and with me I also have our CFO Lotta Hjelderud.

Good morning.

We'll briefly walk you through our Q1 report, talk a little bit about Adnod, what we do sustainability, sum up our investment case, and there will be time for Q&A, and you will also find in the presentation some appendices with our acquisitions, our shareholders, and our share performance. For those of you who are new to Admin Group, what do we do? We provide digital solutions for a sustainable future. We generate sustainable value growth by acquiring new businesses and actively support our subsidiaries to drive organic growth. We are organized in three divisions. design management, product lifecycle management, and process management. We are providing digital solutions for sustainable design and product lifecycle management, efficient management of real estate and facilities, and effective public administration. The foundation of the group's overall offering of digital solutions consists of proprietary and partner-owned software. We work continuously on enhancing our portfolio of proprietary software, while simultaneously consolidating our offering by developing applications that can be used in combination with software from our partners. We complement this with a strong services proposition based on a high level of skills, long-term experience, and good industry knowledge. Looking at rolling 12 months, our net sales are close to 7 billion, and we're up 71% in recurring revenue. So looking in at Q1, Q1 was another quarter with robust growth and improved EBITDA. We started 2023 strongly. Net sales were up by 49% to almost 2 billion, and currency adjusted, our organic growth amounted to 19%. The demand for design management in these solutions remained high. Customers demonstrated good willingness to invest, especially in the UK and USA. Product lifecycle management continued to experience good demand for PLM systems and related services in the UK and German market. However, the Nordic market was impacted by low capacity utilization in our own consulting organization. Process management organic growth remained positive, corroborating the leadership status of the division's offerings to Sweden's public sector. Our recurring revenue increased by 57% to 1.4 billion. Looking at EBITDA, if we adjust for a capital gain that we had last year due to a property sale, it increased by 29% to say 202 million. EBITDA market was somewhat lower than previous year, primarily due to that sales from third-party solutions show stronger growth than other revenue types. And with that, as an introduction to Q1, I would like to hand over to our CFO, Lotta Jallery.