Sweden · Delayed Price · Currency is SEK Momentum Group AB Earnings Call Transcripts
Fiscal Year 2026
-
Organic growth and margins improved in Q2, driven by higher service activity, cost control, and recent acquisitions. Sweden led regional performance, while Denmark lagged due to weak project sales. Acquisition pipeline and cash flow remain strong.
-
Revenue and earnings rose in Q2, driven by improved Nordic markets and acquisitions. EBITA margin reached 12.8%, with strong cash flow and disciplined capital allocation supporting growth ambitions. Six acquisitions added SEK 230 million in annual revenue.
-
Organic growth fell 6% in Q1, mainly due to temporary market caution and lower project sales, especially in Denmark. Gross margin improved on pricing discipline, while postponed maintenance is expected to return in Q2–Q3. Acquisition activity remains robust.
-
Revenue was flat as acquisitions offset a 6% organic decline, with improved gross margins and lower costs. EBITDA fell 8% year-over-year, but the group remains focused on cost control, acquisitions, and long-term growth targets despite ongoing geopolitical and market uncertainty.
Fiscal Year 2025
-
Margins declined in Q4 due to lower Specialist volumes and reduced acquisition impact, while power transmission remained stable. Market activity is stabilizing, with gradual improvement expected in 2026 as customer confidence returns.
-
Revenue and earnings grew in Q4 2025, driven by acquisitions and improved organic growth, despite cautious Nordic markets. Infrastructure outperformed, while industry lagged. Strong cash flow enabled continued acquisitions, and the group met its EBITA target a year early.
-
Sales for comparable units declined 4% year-over-year, with September showing a temporary uptick. Acquisitions contributed 82 million SEK to revenue and are supporting earnings, while margins remain solid. Recovery is expected to be gradual, with a stepwise improvement into 2026.
-
Q3 2025 saw 7% revenue growth and record EBITDA, driven by acquisitions and cost controls amid a cautious Nordic market. Infrastructure outperformed, while industry lagged; strong cash flow and balance sheet support continued growth and acquisition strategy.
-
Revenue grew 7% and EBITDA rose 5% year-over-year in Q2 2025, driven by acquisitions amid soft demand. Cash flow and financial position remain strong, with a continued focus on acquisitions and organic growth to achieve long-term targets.
-
Direct tariff effects are limited, but cautious customer behavior is impacting service and project sales, especially in infrastructure. Industry margins improved on stable automotive demand and operational focus, while a new central warehouse is set to boost logistics efficiency.
-
Revenue grew 11% year-over-year, driven by acquisitions, with EBITDA up 1% and strong cash flow. The group maintained a robust financial position and continued high acquisition pace, despite market uncertainties and subdued demand.
Fiscal Year 2024
-
Organic growth rates remain stable but modest, with aftermarket business providing resilience and delayed market impact. EBITA margins are steady, acquisitions are not dilutive, and the acquisition pipeline is robust. Central warehouse relocation supports future growth.
-
Q4 2024 saw 12% sales growth, driven mainly by acquisitions, with organic growth at 1%. Profitability was impacted by lower automotive demand and one-time costs, but full-year results exceeded targets, supported by strong cash flow and eight acquisitions.
-
Organic sales grew 3% in Q3, with record EBITA margin driven by cost control and efficiency. Economic recovery is now expected next year, but the outlook remains optimistic, supported by a strong acquisition pipeline and robust business portfolio.
-
Revenue grew 20% year-on-year in Q3, driven by acquisitions and improved organic growth, with EBITA up 27% and margins at record levels. Both business areas delivered strong results, and financial flexibility supports continued growth and acquisitions.
-
Stable demand and a robust acquisition pipeline support growth, though organic sales slowed to 0.6% in Q2. Acquisitions contributed significantly to revenue, with ongoing margin improvement efforts and selective price increases in response to rising costs.
-
Revenue grew 41% year-over-year in Q2, driven by acquisitions and resilient aftermarket sales, with EBITA up 35% and EPS up 17%. Six acquisitions expanded the group into new segments, supporting strong cash flow and a robust financial position.