Overall the Group delivered a stable performance in the first quarter of the year, which was characterised by a challenging global environment and subdued demand. A focus on cash flow and acquisitions had a positive impact on the outcome. In total the Group’s revenue increased by 11% year on year, where acquired businesses contributed in particular to this growth. EBITA improved by 1% during the quarter compared to last year. During the first quarter 4 companies were acquired, adding combined annual revenue of approximately SEK 140 million.
First quarter 2025
- Revenue increased by 11% to SEK 735 million (661), of which –1 % for comparable units.
- Operating profit was charged with costs affecting comparability of SEK –3 million (-) and amounted to SEK 61 million (65), corresponding to an operating margin of 8.3% (9.8).
- EBITA increased by 1% to SEK 76 million (75), corresponding to an EBITA margin of 10.3% (11.3).
- Profit for the quarter amounted to SEK 44 million (43), corresponding to earnings per share of SEK 0.85 (0.85).
- The return on working capital (EBITA/WC) was 58% (59).
- The equity/assets ratio was 33% (35) at the end of the period.
- As of 31 March 2025, the number of repurchased shares of series B amounted to 1,044,259.
- Closing of the acquisition of Hörlings Ventilteknik, a specialist in valve service primarily to industrial customers in northern Sweden.
- Acquisition of Finnish Heinolan Hydrauliikkapalvelu, a specialist in hydraulic services and components for industry.
- Acquisition of Sulmu, a leading provider of glass-reinforced plastic and thermoplastic pip solutions for industrial applications in Finland.
- Acquisition of Avoma, a specialist in industrial service of rotating equipment, turbines and welding for industry in Sweden.
Events after the end of the period
- Acquisition of Norwegian Håland Instrumentering, a leading supplier of solutions within valves, field instrumentation, and fire and gas detection.
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.
