Momentum Group Q1 2025: Strong cash flow and high acquisition pace in a challenging global environment

MAR

Overall the Group delivered a stable performance in the first quarter of the year, which was characterised by a challenging global environment and subdued demand. A focus on cash flow and acquisitions had a positive impact on the outcome. In total the Group’s revenue increased by 11% year on year, where acquired businesses contributed in particular to this growth. EBITA improved by 1% during the quarter compared to last year. During the first quarter 4 companies were acquired, adding combined annual revenue of approximately SEK 140 million.

First quarter 2025

  • Revenue increased by 11% to SEK 735 million (661), of which –1 % for comparable units.
  • Operating profit was charged with costs affecting comparability of SEK –3 million (-) and amounted to SEK 61 million (65), corresponding to an operating margin of 8.3% (9.8).
  • EBITA increased by 1% to SEK 76 million (75), corresponding to an EBITA margin of 10.3% (11.3).
  • Profit for the quarter amounted to SEK 44 million (43), corresponding to earnings per share of SEK 0.85 (0.85).
  • The return on working capital (EBITA/WC) was 58% (59).
  • The equity/assets ratio was 33% (35) at the end of the period.
  • As of 31 March 2025, the number of repurchased shares of series B amounted to 1,044,259.
  • Closing of the acquisition of Hörlings Ventilteknik, a specialist in valve service primarily to industrial customers in northern Sweden.
  • Acquisition of Finnish Heinolan Hydrauliikkapalvelu, a specialist in hydraulic services and components for industry.
  • Acquisition of Sulmu, a leading provider of glass-reinforced plastic and thermoplastic pip solutions for industrial applications in Finland.
  • Acquisition of Avoma, a specialist in industrial service of rotating equipment, turbines and welding for industry in Sweden.

Events after the end of the period

  • Acquisition of Norwegian Håland Instrumentering, a leading supplier of solutions within valves, field instrumentation, and fire and gas detection.

A quarterly presentation is available on the company’s website, momentum.group, where Ulf Lilius, CEO and Niklas Enmark, CFO present the report and provide an update on operations.

Datum 2025-04-29, kl 07:55
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