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Employees: 3,064
Size Addnode (ANOD-B.ST) is a Sweden Information Technology company (Information Technology Services) with a market value of $859M, the 142nd largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 61.60 on 6 Nov 2026.
Performance Over six months the shares gained 34.8%, against +11.9% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 4.7% over the last twelve months (peer median +5.8%); the operating margin is 10.3% (peer median 3.6%).
Valuation It trades at 16.0× forward earnings against a peer median of 16.2× (4th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.7 points above its cost of capital (6.8% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 5.98B | SEK 5.79B | SEK 7.76B | SEK 7.41B | SEK 6.22B |
| Revenue growth | — | -25% | +5% | +19% | — |
| Gross profit | SEK 617M | SEK 737M | SEK 708M | SEK 511M | SEK 576M |
| EBITDA | SEK 1.10B | SEK 895M | SEK 878M | SEK 687M | SEK 737M |
| Net income | SEK 379M | SEK 384M | SEK 402M | SEK 279M | SEK 382M |
| Free cash flow | SEK 786M | SEK 414M | SEK 691M | SEK 459M | SEK 700M |
| Capital expenditure | -SEK 27.0M | SEK 277M | SEK 210M | SEK 202M | SEK 129M |
| Total debt | SEK 3.43B | SEK 3.09B | SEK 1.73B | SEK 1.67B | SEK 1.07B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ANOD-B.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +20.8% | +2.0% | 5th highest of 21 |
| 6-month return | +34.8% | +11.9% | 6th highest of 21 |
| Distance from 52-week high | -43.0% | -30.7% | 9th lowest of 21 |
| Revenue growth (TTM) | +4.7% | +5.8% | 10th lowest of 21 |
| Operating margin | 10.3% | 3.6% | 9th highest of 21 |
| Forward P/E | 16.0× | 16.2× | 4th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 4.5% | 13.0% | 6th least demanding of 15 |
| Growth delivered (Del g) | +8.8% | +13.6% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | -4.3 pp | -2.1 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | +1.7 pp | +2.7 pp | 10th lowest of 20 |
| EV / EBITDA | 10.1× | 9.9× | 4th most expensive of 8 |
| Net debt / EBITDA | 2.4× | -0.4× | most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Addnode ANOD-B.ST | Sweden | $859M | +35% | +5% | 10% | 16.0× | 4.5% | +8.8% |
| Chutian Dragon 003040.SZ | China | $869M | -15% | -23% | -7% | 40.5× | n/a | n/a |
| MediaAlpha MAX | United States | $841M | +56% | +15% | 7% | 12.1× | -0.7% | +13.7% |
| Beijing Watertek Information Technology 300324.SZ | China | $834M | -35% | -44% | -32% | n/a | n/a | n/a |
| Global Security Experts 4417.T | Japan | $822M | +239% | +25% | 21% | 50.8× | 34.4% | +30.2% |
| Qiming Information Technology 002232.SZ | China | $822M | -24% | -4% | 1% | n/a | n/a | n/a |
| GFT Technologies GFT.DE | Germany | $819M | +35% | +3% | 6% | 16.2× | 3.7% | +14.8% |
| ArcherMind Technology 300598.SZ | China | $906M | -24% | +7% | -5% | n/a | n/a | n/a |
| Memsensing Microsystems (Suzhou China) 688286.SS | China | $807M | +46% | -7% | -6% | 104.5× | 48.4% | +13.4% |
| Tanla Platforms TANLA.NS | India | $915M | +14% | +18% | 14% | 14.6× | 15.0% | +13.5% |
| OneSpan OSPN | United States | $797M | +77% | +5% | 18% | 16.1× | 14.6% | +2.4% |
| Beijing E-Hualu Information Technology 300212.SZ | China | $794M | +13% | -23% | -702% | 32.3× | 47.3% | -29.0% |
| SNP Schneider-Neureither & Partner SHF.DE | Germany | $793M | +18% | +15% | 20% | 28.9× | 2.8% | +15.6% |
| Asseco South Eastern Europe ASE.WA | Poland | $940M | +20% | +7% | 16% | 16.0× | -0.9% | +11.9% |
| Yunnan Nantian Electronics Information 000948.SZ | China | $783M | -8% | -8% | 1% | n/a | 15.7% | +18.7% |
| Insigma Technology 600797.SS | China | $943M | -28% | -13% | 0% | n/a | 20.0% | -2.9% |
| Mitek Systems MITK | United States | $778M | +10% | +11% | 18% | 15.5× | 10.9% | +12.1% |
| 4DMedical 4DX.AX | Australia | $952M | -33% | +21% | -814% | n/a | n/a | n/a |
| Nanjing Sciyon Wisdom Technology 002380.SZ | China | $957M | -22% | +7% | 12% | 16.2× | 11.3% | +17.4% |
| Strait Innovation Internet 300300.SZ | China | $964M | -23% | -8% | -66% | n/a | n/a | n/a |
| TechMatrix 3762.T | Japan | $762M | +67% | +15% | 10% | 21.6× | -7.5% | +18.3% |