Demand during the quarter was favourable, despite a turbulent operating environment. Our companies have continuously succeeded in managing rising raw material prices and shipping costs as well as component shortages through price adjustments and being creative when it comes to delivery routes and suppliers. Overall, this meant that revenue for the second quarter increased 13 per cent year-on-year, of which 8 per cent for comparable units, with EBITA growth of 23 per cent.
Second quarter 2022
- Revenue increased by 13 per cent to SEK 446 million (396), of which 8 per cent was for comparable units.
- Operating profit rose by 17 per cent to SEK 49 million (42), corresponding to an operating margin of 11.0 per cent (10.6). Profit included expenses affecting comparability of SEK –2 million attributable to the separate listing process.
- EBITA increased by 23 per cent to SEK 54 million (44), corresponding to an EBITA margin of 12.1 per cent (11.1).
- Profit for the quarter increased by 23 per cent to SEK 37 million (30), corresponding to earnings per share of SEK 0.70 (0.60).
- Acquisition of HNC Group, a leading player in solutions for industrial automation in Denmark.
- Decision to implement a share buyback program sup-ported by the authorisation granted by the Annual General Meeting. As of 30 June, 1,000,000 Class B shares had been bought back.
January–June 2022
- Revenue increased by 13 per cent to SEK 845 million (746), of which 9 per cent was for comparable units.
- Operating profit rose by 12 per cent to SEK 86 million (77), corresponding to an operating margin of 10.2 per cent (10.3). Profit included expenses affecting comparability of SEK –6 million attributable to the separate listing process.
- EBITA increased by 21 per cent to SEK 98 million (81), corresponding to an EBITA margin of 11.6 per cent (10.9).
- Profit for the period increased by 14 per cent to SEK 65 million (57), corresponding to earnings per share of SEK 1.25 (1.15).
- The return on working capital (EBITA/WC) was 62 per cent (58).
- The equity/assets ratio was 44 per cent (35) at the end of the period.
- Momentum Group was distributed from Alligo AB and listed on Nasdaq Stockholm’s main list on 31 March
Events after the end of the period
- Acquisition of Mytolerans, which offers products and services in measurement technology for Swedish industry.
A quarterly presentation will be available on the company’s website, momentum.group, where CEO Ulf Lilius and CFO Niklas Enmark present the report and provide an update on operations.
