Momentum Group (MMGR) Q2 2026 earnings summary

Executive summary

• Revenue grew 8% year-over-year in Q2 2026 to SEK 886 million, with improved margins and higher earnings driven by both business areas and strong acquisition contributions, mainly from Sweden.

• Six acquisitions completed year-to-date added SEK 230 million in annual revenue, significantly contributing to growth and market presence.

• Service operations saw higher utilization due to planned and delayed maintenance, while project-based sales faced cautious demand.

Financial highlights

• Net sales rose 8% to SEK 886 million in Q2 2026, with acquisitions contributing SEK 53 million.

• EBITA increased 23% to SEK 113 million (margin 12.8%), operating profit up 24% to SEK 97 million (margin 10.9%), and net profit reached SEK 70 million.

• Earnings per share for Q2 was SEK 1.30, and for Jan–Jun SEK 2.05.

• For Jan–Jun 2026, revenue increased 4% to SEK 1,622 million, EBITA up 9% to SEK 183 million, and net profit up 10% to SEK 108 million.

• Return on working capital (EBITA/WC) was 59%, and return on equity (R12) at 25%.

Outlook and guidance

• Expectation of continued customer caution in the near term, but gradual improvement is anticipated in several segments.

• Ambition to grow EBITDA/EBITA by 15% annually over a business cycle, targeting SEK 680 million by 2030.

• Focus on maintaining strong cash flow, disciplined working capital management, and balance sheet control to support growth and acquisitions.

• Continued geographic expansion in the Nordics and selective growth beyond.