Addtech AB Reports Stronger Second‑Quarter Results and Announces Strategic Acquisition
Addtech AB (ADDT-B.ST) closed the trading session on Friday 23 September 2026 with a modest increase of 0.24 %, reaching a closing price of SEK 300.8. The share price is currently supported by a market capitalization of SEK 80.9 billion and an outstanding supply of 257.2 million shares. Trading volume in the last 24 hours totaled SEK 136.7 million. Over the past month the stock has declined by 4.82 %.
Second‑Quarter Performance
For the second quarter, Addtech reported:
| Metric | Current Q2 | YoY Change |
|---|---|---|
| Earnings per share | ↑ | ↑ |
| Revenue | ↑ | ↑ |
| Operating profit before amortisation of intangible assets | ↑ | – |
| EBITA margin | Solid | – |
| Non‑recurring benefit (Safety business area) | Positive | – |
The earnings increase was driven largely by higher revenue and a non‑recurring benefit from the Safety segment. Operating profit before intangible amortisation rose markedly, while EBITA margin remained consistent with historical levels.
Acquisition of Connectors & Switchgear Ltd
Addtech announced the acquisition of the British company Connectors & Switchgear Ltd, a manufacturer of high‑voltage components for substations and switchgear. The transaction is expected to provide a marginal positive impact on earnings per share for the current financial year and aligns with Addtech’s focus on electrical distribution and transmission. Management highlighted that the acquisition complements existing operations and will strengthen the company’s product portfolio in high‑voltage and sub‑station markets.
Market Environment and Outlook
Addtech’s management cited an improved market environment and rising demand across several segments as key drivers for the positive results. The company expects continued development in the coming quarters, supported by:
- Strengthening demand in the electrical distribution and transmission sector.
- Expansion of the Power Solutions segment into special vehicles, telecoms, environmental technology, and medical technology.
- Ongoing cost‑control measures across all business units.
Related Stock Movements (Last 24 Hours)
| Stock | Ticker | Movement | Current Price (SEK) | Market Cap (SEK bn) | P/E Ratio |
|---|---|---|---|---|---|
| Nibe Industrier | NIBE‑B.ST | +0.66 % | 44.3 | 89.3 | 33.64 |
| Getinge | GETI‑B.ST | +0.42 % | 266.5 | 72.7 | 25.68 |
| Svenska Cellulosa | SCA‑B.ST | –0.63 % | 124.5 | 88.4 | 39.81 |
| Sectra | SECT‑B.ST | +2.48 % | 334.4 | 64.5 | 103.44 |
| Securitas | SECU‑B.ST | +0.61 % | 157.9 | 94.3 | 17.04 |
Key analyst actions:
- Getinge: Danske Bank upgraded the rating to buy, raising the target price to SEK 320. Handelsbanken also upgraded to buy, targeting SEK 310. Pareto Securities set a target of SEK 265.
- Sectra: The company is actively involved in quantitative imaging and has recently entered a research partnership to advance clinical validation of advanced imaging algorithms.
Technical Indicators
- Simple moving average (200 days) for Addtech: SEK 327.49.
- 52‑week high: SEK 365.4 (8 June 2026).
- 52‑week low: SEK 283.2 (23 March 2026).
Addtech AB continues to demonstrate solid financial performance while strategically expanding its product offerings through acquisitions. The company’s focus on energy and electrical solutions, coupled with its growing Power Solutions segment, positions it well to capitalize on increasing demand in the industrial and infrastructure sectors.