Addtech AB
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Addtech AB
Addtech AB thrives at the crossroads of technology and trade, where its sophisticated model of business-to-business solutions meets the needs of a diversified range of industries. Born out of a carve-out from Bergman & Beving in the early 2000s, Addtech has carved a niche for itself by supplying high-tech products and solutions across sectors like energy, life sciences, and industrial processes. Rather than manufacturing these products themselves, the company leverages a network of specialists who source, develop, and customize products tailored to meet the precise demands of their clients. By doing so, Addtech positions itself as an indispensable intermediary that bolsters operational efficiency and innovation for numerous businesses.
The financial engine driving Addtech's success is its highly decentralized organization structure, which empowers each subsidiary to operate with substantial autonomy. This allows them to remain agile in response to market shifts and client needs, a crucial advantage in the fast-paced tech world. The subsidiaries contribute to Addtech's revenue through a blend of direct sales and service agreements, supporting a symbiotic relationship between the company and its clients. Crucially, Addtech's growth is fueled by strategic acquisitions of smaller, technology-driven companies that expand its portfolio and market reach, ensuring a continuous cycle of innovation and profitability. Through this dynamic approach, Addtech sustains robust financial health while facilitating technological advancements within the industries it serves.
Addtech AB thrives at the crossroads of technology and trade, where its sophisticated model of business-to-business solutions meets the needs of a diversified range of industries. Born out of a carve-out from Bergman & Beving in the early 2000s, Addtech has carved a niche for itself by supplying high-tech products and solutions across sectors like energy, life sciences, and industrial processes. Rather than manufacturing these products themselves, the company leverages a network of specialists who source, develop, and customize products tailored to meet the precise demands of their clients. By doing so, Addtech positions itself as an indispensable intermediary that bolsters operational efficiency and innovation for numerous businesses.
The financial engine driving Addtech's success is its highly decentralized organization structure, which empowers each subsidiary to operate with substantial autonomy. This allows them to remain agile in response to market shifts and client needs, a crucial advantage in the fast-paced tech world. The subsidiaries contribute to Addtech's revenue through a blend of direct sales and service agreements, supporting a symbiotic relationship between the company and its clients. Crucially, Addtech's growth is fueled by strategic acquisitions of smaller, technology-driven companies that expand its portfolio and market reach, ensuring a continuous cycle of innovation and profitability. Through this dynamic approach, Addtech sustains robust financial health while facilitating technological advancements within the industries it serves.
Sales Growth: Addtech delivered 11% sales growth in the quarter, including 3% organic growth, with all business areas contributing positively.
Profitability: EBITA grew by 17% and the EBITA margin improved to 14.4% from 13.6% last year, reflecting successful cost control and product mix.
Acquisition Pace: The company made 11 acquisitions year-to-date, adding SEK 1.4 billion in sales and surpassing its financial target for acquired growth.
Segment Dynamics: Energy remained the strongest segment, especially in transmission, distribution, and data centers, while building, installation, and sawmill-related businesses continued to face challenges.
Order Intake & Backlog: Order intake was solid and the backlog remains well-filled, supporting confidence heading into the next financial year.
Market Outlook: Management expects continued strong activity but notes uncertainty due to the macro environment. A broader recovery is anticipated in the second half of 2025.
Financial Position: Cash flow and balance sheet remained strong, with stable working capital and decreasing gearing.
Guidance: Near-term outlook remains positive due to backlog and niche positions, but management is prepared to adapt quickly to changing market conditions.