Interim Report Q1 2024

2024-04-26

Our interim report for the first quarter of 2024 was published on 26 April 2014. Listen to the presentation where Ulf Lilius, CEO and Andreas Cajbrandt, Group Accounting Manager, present the report and provide an update on operations. Below you'll also find the separate Q&A session where CEO Ulf Lilius answer questions that we have received related to the Q1 report.

Report

Presentations

Presentation Q1/2024

Press release

Momentum Group Q1 2024: Stable start to the year despite continued economic downturn

The Group’s operations delivered favourable sales growth, with organic revenue growth of 5% in the quarter. Acquired businesses strengthened this growth, and the Group’s revenue increased by a total of 32% year on year. Revenue growth, combined with effective cost control, led to a 25% increase in EBITA compared with the same quarter last year.

First quarter 2024

Revenue increased by 32% to SEK 661 million (502), of which 5% was attributable to comparable units.
Operating profit rose by 18% to SEK 65 million (55), corresponding to an operating margin of 9.8% (11.0).
EBITA increased by 25% to SEK 75 million (60), corresponding to an EBITA margin of 11.3% (12.0).
Profit for the quarter amounted to SEK 43 million (42), corresponding to earnings per share of SEK 0.85 (0.85).
The return on working capital (EBITA/WC) was 59% (62).
The equity/assets ratio was 35% (43) at the end of the period.
As of 31 March 2024, the number of repurchased Class B shares totalled 1,083,026.
As of 1 January 2024, the business was divided into two business areas: Industry and Infrastructure.
Acquisition of PW Kullagerteknik, a specialist in ball and rolling bearings.

Events after the end of the period

Acquisition of KmK Instrument, a specialist in measurement technology, non-destructive testing and material testing.
Acquisition of Sikama AB, a specialist in gas and fluid handling. Closing is expected to take place in the second quarter following regulatory approval.
Acquisition of ZRS Testing Systems AB, a specialist in material testing and calibration. Closing is expected to take place in the second quarter.

A quarterly presentation is available on the company’s website, momentum.group, where Ulf Lilius, CEO and Andreas Cajbrandt, Group Accounting Manager, present the report and provide an update on operations.

About Momentum Group

Momentum Group 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 components, industrial services and other related services for customers in industry and industrial infrastructure. What the businesses have in common is that they help make customers’ operations easier, safer and more profitable by offering sustainable, long-life products and services with a strong local presence close to customers. The Group generates revenue of approximately SEK 2.5 billion and some 750 employees. Momentum Group's B share is listed on Nasdaq Stockholm. For more information, please visit momentum.group.