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ADDvise Group (ADDV) investor relations material
ADDvise Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Organic sales grew 4.0% in Q4 2025 (constant currency), with full-year organic growth of 1.5% net of currency effects.
EBITA increased by 6.8% in Q4 and 0.9% for the year, with EBITA margin rising to 19.0% in Q4 and 17.0% for the year.
Cash flow from operating activities improved, and capital structure was strengthened through refinancing and a rights issue.
Amplex AB acquired over 90% of shares, leading to delisting from Nasdaq First North in February 2026.
Financial highlights
Q4 net revenue: SEK 422.4 million (down 4.3% year-over-year), but up 4.0% net of currency effects.
Full-year net revenue: SEK 1,605.7 million (down 3.9% year-over-year), up 1.5% net of currency effects.
Q4 EBITA: SEK 80.2 million (up 6.8%); full-year EBITA: SEK 273.3 million (up 0.9%).
Adjusted profit for the year: SEK 99.0 million (up 110.4% year-over-year).
Operating cash flow for the year: SEK 140.5 million (up 127.7%).
Net debt to EBITDA improved to 3.0x from 3.8x.
Basic EPS: SEK 0.01 (down from SEK 0.35 year-over-year).
Outlook and guidance
Long-term targets: average annual EBITA growth of 15%, ROCE of 15%, net debt/EBITDA ≤3.0x, and up to 25% of previous year's profit as dividend.
No dividend proposed for 2025.
Positive demand outlook in Europe and the Americas for medical and laboratory equipment.
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