The Group increased its revenue and earnings despite a subdued and uncertain market and lower contributions from acquisitions in the fourth quarter of the year. Although the market remains cautious, more positive signals are gradually emerging in a growing number of customer segments. Six companies were acquired during the year, with annual revenue of approximately SEK 300 million. The Group has a strong cash flow and has good opportunities for both organic and acquired growth in the coming year.
Fourth quarter 2025
- Revenue increased by 6% to SEK 792 million (745), of which –2% for comparable units.
- Operating profit increased by 11% to SEK 59 million (53), corresponding to an operating margin of 7.4% (7.1), where the previous year was affected by non-recurring items of SEK -5 million.
- EBITA increased by 6% to SEK 74 million (70), corresponding to an EBITA margin of 9.3% (9.4).
- Profit for the quarter amounted to SEK 42 million (34), corresponding to earnings per share of SEK 0.80 (0.65).
- New increased financing raised during the quarter.
Full-year 2025
- Revenue increased by 8% to SEK 3,097 million (2,873), of which –2% for comparable units.
- Operating profit amounted to SEK 279 million (273), corresponding to an operating margin of 9.0% (9.5), including items affecting comparability of SEK –3 million (–5).
- EBITA increased by 5% to SEK 337 million (322), corresponding to an EBITA margin of 10.9% (11.2).
- Profit for the period amounted to SEK 196 million (186), corresponding to earnings per share of SEK 3.80 (3.60).
- The return on working capital (EBITA/WC) was 58% (59).
- The equity/assets ratio was 36% (36) at the end of the period.
- As of 31 December 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. During the second quarter, Norwegian Håland Instrumentering and TTP Seals were acquired.
- For 2025, the Board of Directors will propose to the AGM a dividend of SEK 1.40 (1.30) per share, totalling approximately SEK 69.2 million (64.3), corresponding to 37 percent (36) of profit for the period and an increase of 8 percent compared to 2024.
Events after the end of the period
- Acquisition of Höglandets Kompressorservice, a specialist in compressor technology for industrial customers.
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.
