Momentum

Third quarter 2023

• Revenue increased by 45% to SEK 580 million (400), of which 8% was attributable to comparable units.
• Operating profit rose by 32% to SEK 62 million (47), corresponding to an operating margin of 10.7% (11.8).
• EBITA increased by 40% to SEK 70 million (50), corresponding to an EBITA margin of 12.1% (12.5).
• Profit for the quarter increased by 22% to SEK 44 million (36), corresponding to earnings per share of SEK 0.85 (0.70).
• Acquisition of Processkontroll Items, a leading niche player in instrumentation for demanding operating conditions.
• Acquisition of Conclean, a leading niche player in private sewage systems, rainwater recycling and stormwater management.

January–September 2023

• Revenue increased by 31% to SEK 1,631 million (1,245), of which 8% was attributable to comparable units.
• Operating profit rose by 32% to SEK 176 million (133), corresponding to an operating margin of 10.8% (10.7).
• EBITA increased by 32% to SEK 195 million (148), corresponding to an EBITA margin of 12.0% (11.9).
• Profit for the period increased by 28% to SEK 129 million (101), corresponding to earnings per share of SEK 2.60 (1.95).
• The return on working capital (EBITA/WC) was 60% (62).
• The equity/assets ratio was 33% (44) at the end of the period.
• As of 30 September, the number of repurchased Class B shares totalled 1,104,794. The change in the third quarter was attributable to business acquisitions.
• During the first quarter, Hydmos Industriteknik, LocTech and Agera were acquired. During the second quarter, Askalon and Regal were acquired. During the third quarter, Processkontroll Items and Conclean were acquired. In total, the acquisitions generate approximately SEK 510 million in annual revenue.

Events after the end of the period

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

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.