Annual and Sustainability Report 2023

28 Mar 2024

"A successful year with strong organic and acquired growth."

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Read our Annual and Sustainability Report

The report will also be available in a printed version that can be ordered from the head office:

Momentum Group AB (publ)
Östermalmsgatan 87 E
SE-114 59 Stockholm

Tel +46 8 92 90 00
Email info@momentum.group

CEO comment, Annual and Sustainability Report 2023

A successful year with strong organic and acquired growth

We have now completed our second year as an independent listed company and can proudly announce that we exceeded all of our financial targets for 2023.

Ulf Lilius, President & CEO

Momentum Group’s Annual and Sustainability Report 2023 has been published and is now available on the Group’s website.

– 2023 was a transformative year for the Group. Despite the economic turbulence that impacted the market in 2023, our operations remained stable with satisfactory demand during the year. We exceeded all of our financial targets with earnings growth (EBITA) of 30 per cent and profitability (EBITA/WC) of 59 per cent. During the year, we completed 11 acquisitions at the same time as we built up our business development organisation, which created the conditions for the new structure that we launched at the end of 2023, says Ulf Lilius, President and CEO, in the President’s statement.

The Annual and Sustainability Report for 2023 is attached to this press release and can be downloaded at momentum.group.

About Momentum Group

Momentum Group operates, develops and acquires successful sustainable companies in the Nordic region through active ownership with decentralised profit and business responsibility. The Group consists of a number of companies that together constitute one of the Nordic region’s leading suppliers of industrial components, industrial services and other related services in the industrial sector. What the businesses have in common is that they help make customers’ operations easier, safer and more profitable by offering sustainable, long-life products and services with a strong local presence close to customers. The Group generates revenue of approximately SEK 2.3 billion and some 750 employees. Momentum Group’s B share is listed on Nasdaq Stockholm. For more information, please visit momentum.group.