Momentum Group (MMGR) Q3 2025 earnings summary

Executive summary

• Revenue grew 7% year-over-year in Q3 2025 to SEK 746 million, with record-high quarterly EBITDA/EBITA and operating profit despite a cautious Nordic market and weaker sales in comparable units.

• Six acquisitions year-to-date contributed SEK 82 million to Q3 revenue and SEK 300 million in annualized sales, significantly strengthening the Group’s position.

• Profitability was supported by cost adjustments, a decentralized model, and strong service sales, offsetting weaker product sales.

Financial highlights

• Q3 2025 revenue: SEK 746 million (up 7% YoY); EBITDA/EBITA: SEK 95 million (up 7% YoY); operating profit: SEK 81 million (up 4% YoY); net profit: SEK 56 million (up 2% YoY); EPS: SEK 1.10.

• For Jan–Sep 2025, revenue rose 8% to SEK 2,305 million; EBITA up 4% to SEK 263 million; EBITA margin 11.4%.

• Net sales rolling 12 months surpassed SEK 3 billion for the first time.

Outlook and guidance

• Market uncertainty persists due to geopolitical risks, energy concerns, and inflation, with customer caution expected to continue; focus remains on acquisitions, organic growth, and cost control.

• High acquisition pace and working capital discipline are key to achieving the EBITDA target of SEK 340 million by fiscal year 2026.