Momentum Group publishes Annual and Sustainability Report 2022

Momentum Group’s Annual and Sustainability Report 2022 has been published and is now available on the Group’s website.

– Our first year as an independent company was marked by the prevailing turmoil in the market. I am therefore particularly proud that our operations continued to perform so well and displayed an ability to adapt to the current market conditions. We exceeded our financial target of earnings growth (EBITA) of at least 15 per cent annually. Our earnings growth of 19 per cent for 2022 was the result of structured work carried out in several of the Group’s companies in order to boost sales combined with stable or improved gross margins and good cost control. Acquisitions also contributed to this positive growth, says Ulf Lilius, President and CEO, in the President's statement.

For further information, please contact:

Ulf Lilius, President and CEO
Tel: +46 (0)8 92 90 00

Ann Charlotte Svensson, Investor Relations
Tel: +46 (0)720 85 72 62
info@momentumgroup.com.se

About Momentum Group

Momentum Group operates, develops and acquires successful sustainable companies in the Nordic region through active ownership with decentralised profit and business responsibility. The Group consists of a number of companies that together constitute one of the Nordic region’s leading suppliers of industrial com-ponents, industrial services and other related services in the industrial sector. What the businesses have in common is that they help make customers’ operations easier, safer and more profitable by offering sustain-able, long-life products and services with a strong local presence close to customers. The Group generates revenue of approximately SEK 1.7 billion and has some 550 employees. Momentum Group's B share is listed on Nasdaq Stockholm. For more information, please visit momentum.group.

This information is information that Momentum Group AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-03-31 11:22 CEST.