ADDvise Group
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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.
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Q4 2025 earnings summary12 Feb, 2026

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.

Why accept Amplex offer despite fairness opinion?
Address Q4 diabetes consumables activity decline
Explain non-recurring financing costs in 2025
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Frequently asked questions

ADDvise Group AB is a Swedish life science company that supplies equipment and services to healthcare and research facilities. The company operates in two main business areas: Lab and Healthcare. The Lab division provides laboratory furnishings, ventilation systems, and cleanroom solutions, while the Healthcare division offers medical equipment, consumables, and specialized products like surgical tables, orthopedic implants, and patient monitoring systems. ADDvise Group serves both public and private sectors across multiple regions, including Europe, North America, Asia, and Africa. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Stockholm Stock Exchange.

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