Momentum Group (MMGR) Q3 2025 (Q&A) earnings summary

Executive summary

• Revenue grew by 7% year-over-year in Q3 2025 to SEK 746 million, with EBITA up 7% to SEK 95 million, despite a 4% decline in comparable unit sales.

• Achieved record-high EBITA and earnings growth in Q3 2025, supported by strong cost management and significant contributions from recent acquisitions.

• Service sales remained robust, while product sales and organic growth were weaker.

• Six acquisitions year-to-date added SEK 300 million in annual revenue and SEK 82 million to Q3 revenue, positively impacting earnings per share.

• The Group maintained profitability through cost adjustments and a decentralized operating model.

Financial highlights

• Q3 2025 operating profit rose 4% to SEK 81 million, with an operating margin of 10.9%; EBITA margin was 12.7%.

• Net profit for Q3 was SEK 56 million, with EPS of SEK 1.10.

• For Jan–Sep 2025, revenue increased 8% to SEK 2,305 million, EBITA up 4% to SEK 263 million, and net profit up 1% to SEK 154 million.

• EBITA margin for Jan–Sep was 11.4% (down from 11.8% year-over-year).

• Year-to-date EBITA growth is about 4%, below the long-term 15% target due to softer organic growth.

Outlook and guidance

• Recovery is expected to be gradual, likely step-by-step through 2026, with no sharp rebound anticipated.

• The Group expects an intensive sales period in autumn, with ongoing improvement measures and continued focus on acquisitions.

• Q4 is typically busy for maintenance and service, with expectations for healthy capacity utilization, though demand remains somewhat sluggish.

• The 15% annual EBITA growth target remains relevant as a long-term average, combining organic and acquired growth.

• Maintains healthy financial flexibility for future operations.