Momentum

First quarter 2024

• Revenue increased by 32% to SEK 661 million (502), of which 5% was attributable to comparable units.
• Operating profit rose by 18% to SEK 65 million (55), corresponding to an operating margin of 9.8% (11.0).
• EBITA increased by 25% to SEK 75 million (60), corresponding to an EBITA margin of 11.3% (12.0).
• Profit for the quarter amounted to SEK 43 million (42), corresponding to earnings per share of SEK 0.85 (0.85).
• The return on working capital (EBITA/WC) was 59% (62).
• The equity/assets ratio was 35% (43) at the end of the period.
• As of 31 March 2024, the number of repurchased Class B shares totalled 1,083,026.
• As of 1 January 2024, the business was divided into two business areas: Industry and Infrastructure.
• Acquisition of PW Kullagerteknik, a specialist in ball and rolling bearings.

Events after the end of the period

• Acquisition of KmK Instrument, a specialist in measurement technology, non-destructive testing and material testing.
• Acquisition of Sikama AB, a specialist in gas and fluid handling. Closing is expected to take place in the second quarter following regulatory approval.
• Acquisition of ZRS Testing Systems AB, a specialist in material testing and calibration. Closing is expected to take place in the second quarter.

A quarterly presentation is available on the company’s website, momentum.group, where Ulf Lilius, CEO and Andreas Cajbrandt, Group Accounting Manager, present the report and provide an update on operations.