Momentum Group (MMGR) investor relations material

Executive summary

• Q3 revenue rose 8% to SEK 805m and EBITA increased 15% to SEK 109m; organic sales were slightly positive, with acquisitions contributing SEK 52m.

• Swedish demand strengthened, especially in mining and engineering; Denmark and pulp and paper remained weak, while Norwegian delivery delays affected Infrastructure.

• The long-term target remains to double EBITA from SEK 340m to SEK 680m by end-2030.

Financial highlights

• Q3 operating profit was SEK 93m (+15%), net profit SEK 67m (+20%) and EPS SEK 1.30 versus SEK 1.10; EBITA margin was 13.5% and operating margin 11.6%.

• Jan–Sep revenue rose 5% to SEK 2,427m; comparable-unit revenue declined 1.8%. EBITA increased 11% to SEK 292m, net profit rose 14% to SEK 175m and EPS was SEK 3.35 versus SEK 3.00.

• Jan–Sep EBITA margin was 12.0% versus 11.4%; operating margin was 10.1% versus 9.5%.

• Jan–Sep operating cash flow was SEK 263m versus SEK 190m; Q3 operating cash flow was SEK 98m versus SEK 38m year over year.

Outlook and guidance

• The end-2030 goal is to double EBITA from SEK 340m to SEK 680m; strong cash flow and a controlled balance sheet are intended to support organic development and acquisitions.

• Nordic conditions improved gradually, but customers were expected to remain cautious; priorities included customer relationships, cost control, streamlining, pricing and sales development.