Addnode Group – Q1 first comments, margin deviations

Research Note

2016-04-27

23:52

Addnode Groups report for the first quarter of 2016 was largely in-line with our estimate on the top line but fell short on the result side. The greatest deviation to our estimates occurred in PLM, but we find plausible explanations for this deviance.

KL

Kristoffer Lindström

Disclosures and disclaimers

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