Momentum

Second quarter 2023

• Revenue increased by 23% to SEK 549 million (446), of which 7% was attributable to comparable units.
• Operating profit rose by 20% to SEK 59 million (49), corresponding to an operating margin of 10.7% (11.0).
• EBITA increased by 20% to SEK 65 million (54), corresponding to an EBITA margin of 11.8% (12.1).
• Profit for the quarter increased by 16% to SEK 43 million (37), corresponding to earnings per share of SEK 0.90 (0.70).
• Acquisition of Askalon, a leading player in advanced valve solutions primarily for the power, refinery and process industries in Sweden, Denmark and Iceland.
• Acquisition of Danish company Regal, a specialist in solutions in transmission, electrical automation and control.

January–June 2023

• Revenue increased by 24% to SEK 1,051 million (845), of which 8% was attributable to comparable units.
• Operating profit rose by 33% to SEK 114 million (86), corresponding to an operating margin of 10.8% (10.2).
• EBITA increased by 28% to SEK 125 million (98), corresponding to an EBITA margin of 11.9% (11.6).
• Profit for the period increased by 31% to SEK 85 million (65), corresponding to earnings per share of SEK 1.75 (1.25).
• The return on working capital (EBITA/WC) was 60% (62).
• The equity/assets ratio was 32 per cent (44) at the end of the period.
• As of 30 June, the number of repurchased Class B shares totalled 1,259,624.
• During the first quarter, Hydmos Industriteknik, LocTech and Agera were acquired.

Events after the end of the period

• After the end of the quarter, Processkontroll Items was acquired, which holds a leading niche position in instrumentation for demanding operating conditions.

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