AddLife Q1 Sales Miss Analyst Forecasts

AddLife reported Q1 net sales of SEK 2.65 bn, missing analyst consensus of SEK 2.74 bn, a 2% decline YoY.
Earnings per share were SEK 1.04, net income SEK 128 m and EBITA SEK 332 m, with EBITA margin steady at 12.5%.
Currency effects cut sales and EBITA by 4% each; organic growth was 3% and acquired growth 2% but divestments lowered total sales.
The firm completed two acquisitions in the United Kingdom and Austria during the quarter as part of its growth strategy.