OverviewSuggest Edit

Addtech is a technology trading company. It sells components and sub-systems in mechanics, electro-mechanics, hydraulics, and electronics, as well as automation solutions and industrial IT. The company markets electricity transmission and distribution products, and products in electrical safety, electrical installation, and connection technology. In addition, it provides solutions, sub-systems, and components for the manufacturing industry, as well as develops and markets components and system solutions that enable power supply.

TypePublic
Founded1906
HQStockholm, SE
Websiteaddtech.com
Employee Ratings3.9

Locations

Addtech is headquartered in
Stockholm, Sweden

Location Map

Latest Updates

Employees (est.) (Mar 2019)2,700(+15%)
Revenue (FY, 2019)KR2.9 B(-64%)
Share Price (Sept 2021)KR176(-2%)
Cybersecurity ratingBMore

Key People/Management at Addtech

Niklas Stenberg

Niklas Stenberg

President, Chief Executive Officer & Director
Malin Enarson

Malin Enarson

Chief Financial Officer
Eva Elmstedt

Eva Elmstedt

Director
Johan Sjö

Johan Sjö

Board Chairman
Kenth Eriksson

Kenth Eriksson

Director
Henrik Hedelius

Henrik Hedelius

Director
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Addtech Office Locations

Addtech has an office in Stockholm
Stockholm, SE (HQ)
43 Birger Jarlsgatan
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Addtech Financials and Metrics

Addtech Revenue

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Addtech's revenue was reported to be kr2.86 b in FY, 2019 which is a 64.3% decrease from the previous period.
SEK

Revenue (Q2, 2020)

2.9b

Gross profit (Q2, 2020)

924.0m

Gross profit margin (Q2, 2020), %

31.7%

Net income (Q2, 2020)

240.0m

EBIT (Q2, 2020)

329.0m

Market capitalization (8-Sept-2021)

47.4b

Closing stock price (8-Sept-2021)

176.0

Cash (30-Sept-2019)

258.0m

EV

49.9b
Addtech's current market capitalization is kr47.4 b.
Annual
SEKFY, 2017FY, 2018FY, 2019

Revenue

7.2b8.0b2.9b

Revenue growth, %

12%(64%)

Cost of goods sold

4.9b5.5b2.0b

Gross profit

2.2b2.5b867.0m
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.8b1.7b1.8b2.0b1.9b2.0b2.4b2.3b2.6b2.9b2.9b

Cost of goods sold

1.2b1.1b1.3b1.4b1.3b1.4b1.7b1.6b1.8b2.0b2.0b

Gross profit

559.0m520.0m564.0m621.0m583.0m634.0m745.0m723.0m788.0m905.0m924.0m

Gross profit Margin, %

32%31%31%31%31%31%31%31%31%31%32%
Annual
SEKFY, 2017FY, 2018FY, 2019

Cash

178.0m192.0m295.0m

Accounts Receivable

1.2b1.5b2.1b

Inventories

942.0m1.1b1.4b

Current Assets

2.4b2.8b3.8b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

184.0m128.0m152.0m173.0m166.0m211.0m223.0m246.0m238.0m233.0m258.0m

Accounts Receivable

1.2b1.2b1.2b1.4b1.4b1.4b1.7b1.8b1.7b2.1b2.2b

Inventories

918.0m942.0m960.0m996.0m1.0b1.1b1.2b1.3b1.4b1.6b1.6b

Current Assets

2.3b2.3b2.3b2.6b2.6b2.7b3.2b3.0b3.3b3.9b3.3b
Annual
SEKFY, 2017FY, 2018FY, 2019

Net Income

580.0m665.0m865.0m

Inventories

(7.0m)(106.0m)(237.0m)

Cash From Operating Activities

551.0m539.0m524.0m

Purchases of PP&E

(58.0m)(46.0m)(70.0m)
Quarterly
SEKQ1, 2017

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.5 x
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Addtech Operating Metrics

FY, 2017FY, 2018FY, 2019

Countries

202020
Show all operating metrics

Addtech Acquisitions / Subsidiaries

Company NameDateDeal Size
Promector OyAugust 29, 2019
BKC ProductsAugust 12, 2019
Profelec OyJuly 03, 2019
Thiims A/SJune 12, 2019
Best Seating Systems Walter TauschMay 06, 2019
AB N.O. RönneApril 01, 2019
Omni Ray AGApril 01, 2019
Thurne Teknik ABApril 01, 2019
Birepo A/SJanuary 31, 2019
Nylund Industrial ElectronicsJanuary 31, 2019
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Addtech Revenue Breakdown

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Addtech revenue breakdown by business segment: 14.4% from Power Solutions, 38.4% from Components, 24.7% from Industrial Process and 22.5% from Energy

Addtech revenue breakdown by geographic segment: 18.0% from Norway, 14.9% from Finland, 41.4% from Sweden, 23.2% from Denmark and 2.5% from Other

Addtech Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Addtech Online and Social Media Presence

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Addtech Frequently Asked Questions

  • When was Addtech founded?

    Addtech was founded in 1906.

  • Who are Addtech key executives?

    Addtech's key executives are Niklas Stenberg, Malin Enarson and Eva Elmstedt.

  • How many employees does Addtech have?

    Addtech has 2,700 employees.

  • What is Addtech revenue?

    Latest Addtech annual revenue is kr2.9 b.

  • What is Addtech revenue per employee?

    Latest Addtech revenue per employee is kr1.1 m.

  • Who are Addtech competitors?

    Competitors of Addtech include SCHUNK, Hurco Companies and Avnet.

  • Where is Addtech headquarters?

    Addtech headquarters is located at 43 Birger Jarlsgatan, Stockholm.

  • Where are Addtech offices?

    Addtech has an office in Stockholm.

  • How many offices does Addtech have?

    Addtech has 1 office.