Addtech ADDT B

Stockholm | Industrials | Value-added industrial distribution
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Updated: 27 Sep 2026 Base analysis: 6 Apr 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Hold; consider adding only on a clear pullback or if Q1 confirms continued margin strength and signs of improving organic growth.

Q1 results confirm strong margin expansion and acquisition capacity which supports the hold signal despite premium valuation.

Market sentiment Positive ↑
Trend: Improving

Sentiment remains positive driven by margin strength and acquisition track record, with ongoing discussion around premium valuation.

Risk assessment Low
Dilution: Low Strong cash flow; no major equity raise signaled
Jurisdiction: Low Operations mainly in Sweden and Western Europe
Execution: Medium Many acquisitions require successful integration

HOLD is the call. Positive is the market mood. Low risk means less can go wrong.

Latest change
  • 21 Jun 2026 — The new analysis references the FY/Q4 report (20 May 2026) showing clear margin expansion and an earnings beat, improving sentiment while valuation concerns persist.

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About the company

Addtech is a value-added industrial distributor selling high-tech components and solutions to manufacturing and infrastructure customers through roughly 150 autonomous subsidiaries. Growth is driven by a mix of organic development and frequent acquisitions, with consistently strong margins.

Sector: Value-added industrial distribution
Type: Industrial
Next report (Q2)
22 Oct 2026
Catalysts
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Date TBA
New acquisitions
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Date TBA
Currency effects
Bull case

Continued margin expansion and successful acquisition integration can sustain earnings growth.

Bear case

High valuation leaves the share sensitive to any slowdown in organic growth or acquisition pace.

Why this signal

Q1 results confirm strong margin expansion and acquisition capacity which supports the hold signal despite premium valuation.

Recent news
  • Addtech acquired UK-based RTL Materials Ltd on 28 August 2026. The acquisition covers approximately 60 employees and annual revenue of about 11 MGBP and is assessed to have a marginally positive impact. The dividend of 3.60 SEK per share was paid on 2 September.

Key figures

Revenue
Q1 2026
SEK 6.2B
EBITDA
Q1 2026
SEK 870M
Net income
Q1 2026
SEK 631M
Exchange
Stockholm
Type
Industrials
Sector
Value-added industrial distribution
Addtech ADDT B
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.