Bifogade filer
Momentum Group Interim Report Q1 2024
Web Image Q1 2024
Prenumeration
Du har en aktiv prenumeration.
Prenumerera på pressmeddelanden från Momentum Group AB (publ) via email.
Du prenumererar på följande språk.
Välj vilka språk du vill prenumerera på.
Modular Finance AB kommer att hantera vissa av dina personuppgifter om du väljer att prenumerera. Mer information om vår personuppgiftshantering finns här.
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Tjänster |
| Industri | Industri |
2024-04-26 07:55:00
The Group’s operations delivered favourable sales growth, with organic revenue growth of 5% in the quarter. Acquired businesses strengthened this growth, and the Group’s revenue increased by a total of 32% year on year. Revenue growth, combined with effective cost control, led to a 25% increase in EBITA compared with the same quarter last year.
First quarter 2024
- Revenue increased by 32% to SEK 661 million (502), of which 5% was attributable to comparable units.
- Operating profit rose by 18% to SEK 65 million (55), corresponding to an operating margin of 9.8% (11.0).
- EBITA increased by 25% to SEK 75 million (60), corresponding to an EBITA margin of 11.3% (12.0).
- Profit for the quarter amounted to SEK 43 million (42), corresponding to earnings per share of SEK 0.85 (0.85).
- The return on working capital (EBITA/WC) was 59% (62).
- The equity/assets ratio was 35% (43) at the end of the period.
- As of 31 March 2024, the number of repurchased Class B shares totalled 1,083,026.
- As of 1 January 2024, the business was divided into two business areas: Industry and Infrastructure.
- Acquisition of PW Kullagerteknik, a specialist in ball and rolling bearings.
Events after the end of the period
- Acquisition of KmK Instrument, a specialist in measurement technology, non-destructive testing and material testing.
- Acquisition of Sikama AB, a specialist in gas and fluid handling. Closing is expected to take place in the second quarter following regulatory approval.
- Acquisition of ZRS Testing Systems AB, a specialist in material testing and calibration. Closing is expected to take place in the second quarter.
A quarterly presentation is available on the company’s website, momentum.group, where Ulf Lilius, CEO and Andreas Cajbrandt, Group Accounting Manager, present the report and provide an update on operations.