Addnode Group AB (publ)

Hello and welcome to Adnod's presentation of the Q3 report. I'm CEO Johan Andersson and with me I have Lotta Jadryd, CFO of Adnod Group as well.

Good morning.

And for you who have missed it, it's actually Lotta's last interim report for Adnod Group. So this will be the big finale. So with that I would like to start with our agenda. We'll walk you through the Q3 2023, talk a little bit short about our sustainable agenda, and then we'll move over to Q&A. In the attached presentation that we'll walk through, you'll find an appendix as well with our acquisitions, our shareholders, and our share performance for the last year. And of course, you will find more material on our website as well, adnewgroup.com. So, Adder Group, as you know, 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. The companies in Adder Group, we provide digital solutions for sustainable design and product lifecycle management, management of real estate and facilities, and public administration. Looking at rolling 12 months, net sales are over 7 billion SEK. And 69% is what we address as recurring revenue. With that as a short introduction to AdnoGroup, let's move on to Q3. The headline for Q3, and we said, Weak USA Figures Cloud Outlook. Looking at net saves for the third quarter of 2023, it increased to 1.8 billion. representing a growth of 11%. Acquired growth amounted to 16% and organic growth was negative in the quarter. EBITDA adjusted for the restructuring cost amounted to 137 million. The negative growth in the quarter and lower earnings related to weaker demand from the construction industry and lower sales of Autodesk three-year agreements in the design management division. This was most evident in the USA market. In addition, the comparative figures for the division were high following record-breaking sales in the third quarter of 2022. The product lifecycle management and process management division reported organic growth in the quarter. And both divisions also delivered improved EBITDA adjusted for the restructuring costs. Cash flow from operating activities was negative in the quarter, primarily due to lower and a temporary increase in working capital tied up. With that as an introduction to the Q3, I would like to hand over to our CFO, Lotta Jallerud.