Momentum Group published its interim report for the second quarter of 2025 on 18 July. Here you’ll find the high lights from the report and a quarterly presentation in which CEO Ulf Lilius and CFO Niklas Enmark will present the report and provide an update on operations.

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Ulf Lilius, President & CEO

CEO comment, Q1 2025

Continuing to offset a cautious market – with clear direction moving forward

During the second quarter, our operations continued to offset an uncertain global environment and cautious demand. Nonetheless, we delivered a quarter with improved earnings and stable cash flow. Acquisitions made a positive contribution to both revenue and profit, and our decentralised structure – together with a strong financial position – mean we are well equipped to handle changes and take advantage of new opportunities.

Ulf Lilius, President & CEO

The Group delivered a stable performance in the second quarter of the year, which was characterised by a challenging global environment and soft demand. Acquisitions contributed positively to the outcome, with the Group’s revenue up 7 per cent and EBITA improving 5 per cent during the quarter compared with the year-earlier period. Year to date, six companies have been acquired, of which two in Q2, with a combined annual revenue of approximately SEK 300 million.

Second quarter 2025

  • Revenue increased by 7% to SEK 824 million (773), of which –2% for comparable units.
  • Operating profit increased by 1% to SEK 78 million (77), corresponding to an operating margin of 9.5% (10.0).
  • EBITA increased by 5% to SEK 92 million (88), corresponding to an EBITA margin of 11.2% (11.4).
  • Profit for the quarter amounted to SEK 54 million (54), corresponding to earnings per share of SEK 1.05 (1.05).
  • Acquisition of Norwegian Håland Instrumentering, a leading supplier of solutions within valves, field instrumentation, and fire and gas detection.
  • Acquisition of TTP Seals, a leading specialist company in sealing technology in Norway.

January–June 2025

  • Revenue increased by 9% to SEK 1,559 million (1,434), of which –1% for comparable units.
  • Operating profit was charged with costs affecting comparability of SEK –3 million (-) and amounted to SEK 139 million (142), corresponding to an operating margin of 8.9% (9.9).
  • EBITA increased by 3% to SEK 168 million (163), corresponding to an EBITA margin of 10.8% (11.4).
  • Profit for the period amounted to SEK 98 million (97), corresponding to earnings per share of SEK 1.90 (1.90).
  • The return on working capital (EBITA/WC) was 58% (59).
  • The equity/assets ratio was 29% (30) at the end of the period.
  • As of 30 June 2025, the number of repurchased shares of series B amounted to 1,044,259.
  • During the first quarter, Heinolan Hydrauliikkapalvelu, Hörlings Ventilteknik, Sulmu and Avoma were acquired.

Events after the end of the period

  • No significant events have occurred after the end of the period.

A quarterly presentation is available on the company’s website, momentum.group, where Ulf Lilius, CEO and Niklas Enmark, CFO present the report and provide an update on operations.

Q2 Jan-Jun R12 Jun
2025 2024 Δ 2025 2024 Δ 2025 2024 Δ
Revenue 824 773 7% 1 559 1 434 9% 2 998 2 681 12%
Operating profit 78 77 1% 139 142 -2% 270 265 2%
EBITA 92 88 5% 168 163 3% 327 303 8%
Net profit 54 54 98 97 1% 187 185 1%
Earnings per share before and after dilution, SEK 1,05 1,05 1,90 1,90 3,60 3,60
Operating margin 9,5% 10,0% 8,9% 9,9% 9,0% 9,9%
EBITA margin 11,2% 11,4% 10,8% 11,4% 10,9% 11,3%
Return on working capital (EBITA/WC) 58% 59%
Operational net loan liability 456 381
Equity/assets ratio 29% 30%

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