Momentum Group (MMGR) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue rose 12% year-over-year to SEK 745 million, with 1% organic growth and the remainder from acquisitions; EBITA was stable at SEK 70 million.

• Full-year 2024 revenue increased 25% to SEK 2,873 million, EBITA up 22% to SEK 322 million, and net profit reached SEK 186 million.

• Eight acquisitions completed in 2024 contributed significantly to revenue and profit growth, adding up to SEK 518 million to net sales.

• All annual financial targets were exceeded, including EBITA growth of 22% (target >15%) and EBITA/WC of 59% (target >45%).

• Board proposes a dividend of SEK 1.30 per share, payout ratio 36%.

Financial highlights

• Q4 net sales were SEK 745 million (up 12%), with organic growth of 1% and acquisitions contributing the rest.

• Q4 EBITA was SEK 70 million (margin 9.4%, down from 10.5%); Q4 operating profit was SEK 53 million (margin 7.1%).

• Q4 profit after financial items was SEK 45 million; net profit SEK 34 million; EPS SEK 0.65 (down from 0.85).

• Full-year operating margin was 9.5% (down from 10.3%); EBITA margin 11.2% (down from 11.5%).

• Cash flow from operations reached SEK 323 million for the year, up from SEK 260 million.

Outlook and guidance

• Strong balance sheet and SEK 860 million in available liquidity support continued growth and acquisitions.

• Management expects continued investment in existing operations and value-creating acquisitions in 2025.

• Market conditions remain challenging, with subdued industrial activity and global uncertainty likely to restrain customer demand.