Momentum

Second quarter 2024

• Revenue increased by 41% to SEK 773 million (549), of which 1% was attributable to comparable units.
• Operating profit rose by 31% to SEK 77 million (59), corresponding to an operating margin of 10.0% (10.7).
• EBITA increased by 35% to SEK 88 million (65), corresponding to an EBITA margin of 11.4% (11.8).
• Profit for the quarter amounted to SEK 54 million (43), corresponding to earnings per share of SEK 1.05 (0.90).
• Acquisition of KmK Instrument, a specialist in measurement technology, non-destructive testing and material testing.
• Acquisition of Hydjan, a specialist in hydraulics and pneumatics in Finland.
• Acquisition of WH-Service, a full-service supplier of rotating equipment.
• Acquisition of Sikama, a specialist in gas and fluid handling.
• Acquisition of ZRS Testing Systems, a specialist in material testing and calibration.
• Acquisition of Minrox, a specialist in flow technology for exposed environments and extremely abrasive processes.

January–June 2024

• Revenue increased by 36% to SEK 1,434 million (1,051), of which 3% was attributable to comparable units.
• Operating profit rose by 25% to SEK 142 million (114), corresponding to an operating margin of 9.9% (10.8).
• EBITA increased by 30% to SEK 163 million (125), corresponding to an EBITA margin of 11.4% (11.9).
• Profit for the period amounted to SEK 97 million (85), corresponding to earnings per share of SEK 1.90 (1.75).
• The return on working capital (EBITA/WC) was 59% (60).
• The equity/assets ratio was 30% (32) at the end of the period.
• As of 30 June 2024, the number of repurchased Class B shares totalled 1,053,766.
• As of 1 January 2024, the business was divided into two business areas: Industry and Infrastructure.
• During the first quarter, PW Kullagerteknik was acquired.

Events after the end of the period

• No significant events have occurred after the end of the period.

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.