Momentum

Fourth quarter 2023

• Revenue increased by 35% to SEK 667 m (494), of which 5% was attributable to comparable units.
• Operating profit rose by 17% to SEK 61 m (52), corresponding to an operating margin of 9.1% (10.5).
• EBITA increased by 25% to SEK 70 m (56), corresponding to an EBITA margin of 10.5% (11.3).
• Profit for the quarter increased by 13% to SEK 44 m (39), corresponding to earnings per share of SEK 0.85 (0.75).
• Acquisition of Cobalch, a specialist in pipeline accessories.
• Acquisition of WEH Sweden, a specialist in CNG/hydrogen refuelling components and gas detection.
• Acquisition of Swerub, a market leader in Sweden in advanced custom-made rubber products.
• Acquisition of Finnish company Helsingin Kumi, a specialist in customised rubber products.

Full-year 2023

• Revenue increased by 32% to SEK 2,298 m (1,739), of which 7% was attributable to comparable units.
• Operating profit rose by 28% to SEK 237 m (185), corresponding to an operating margin of 10.3% (10.6).
• EBITA increased by 30% to SEK 265 m (204), corresponding to an EBITA margin of 11.5% (11.7).
• Profit for the period increased by 24% to SEK 173 m (140), corresponding to earnings per share of SEK 3.45 (2.70).
• The return on working capital (EBITA/WC) was 59% (61).
• The equity/assets ratio was 33% (42) at the end of the period.
• The Board proposes a dividend of SEK 1.10 per share (1.00).
• As of 31 December 2023, the number of repurchased Class B shares totalled 1,083,026. The change in the fourth quarter was attributable to acquisitions.
• During Q1 Hydmos Industriteknik, LocTech and Agera were acquired. During Q2 Askalon and Regal were acquired. During Q3 Processkontroll Items and Conclean were acquired. During Q4 Cobalch, WEH Sweden, Swerub and Helsingin Kumi were acquired. In total, the acquisitions generate approximately SEK 610 m in annual revenue.

Events after the end of the period

• As of 1 January 2024, the business was divided into two business areas: Industry and Infrastructure. For more information, refer to the separate press release.
• Acquisition of PW Kullagerteknik, a specialist in ball and rolling bearings.

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.