Momentum Group Q1 2022: Stable business situation and positive earnings trend despite global concerns

Favourable underlying demand in both business areas, but the global component shortage and Covid-19 related sickness absence had a certain impact on sales during the quarter. Organic sales growth combined with good cost control and well-managed price increases from suppliers led to an increase in EBITA of 19 per cent compared with the first quarter of the preceding year.

First quarter 2022

• Revenue increased by 14 per cent to SEK 399 million (350), of which 11 per cent was for comparable units.
• Operating profit rose by 6 per cent to SEK 37 million (35), corresponding to an operating margin of 9.3 per cent (10.0). Profit included expenses affecting comparability of SEK -4 million attributable to the separate listing process.
• EBITA increased by 19 per cent to SEK 44 million (37), corresponding to an EBITA margin of 11.0 per cent (10.6).
• Profit for the quarter increased by 4 per cent to SEK 28 million (27), corresponding to earnings per share of SEK 0.55 (0.55).
• The return on working capital (EBITA/WC) was 62 per cent (53).
• The equity/assets ratio was 50 per cent (36) at the end of the period.
• An Extraordinary General Meeting (EGM) on 26 January resolved on a changed share structure and a bonus issue.
• The Annual General Meeting was held on 11 February and resolved to change the company from a private to a public company.
• On 23 March, an EGM of Shareholders of Alligo AB resolved to distribute and list Momentum Group separately.
• Momentum Group was listed on Nasdaq Stockholm’s main list on 31 March.

Events after the end of the period

• No significant events took place 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 review the report and provide an update on operations.

For further information, please contact:

Ulf Lilius, President and CEO
Tel: +46 (0)10 454 54 70

Ann Charlotte Svensson, Investor Relations
Tel: +46 (0)720 85 72 62
[email protected]

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 1.5 billion and has some 500 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 EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-04-27 08:00 CEST.