Momentum Group Q3 2024: Organic growth with improved EBITA margin and strong contributions from acquisitions
The Group’s operations delivered organic revenue growth of 3 per cent during the quarter. The Group’s revenue increased by a total of 20% year on year, where acquired businesses contributed in particular to this growth. EBITA increased by 27 per cent compared with the same quarter last year and the EBITA margin increased to 12.8 percent (12.1). Year to date, seven companies have been acquired, adding combined annual revenue of approximately SEK 250 million.
Third quarter 2024
- Revenue increased by 20% to SEK 694 million (580), of which 3% for comparable units.
- Operating profit rose by 26% to SEK 78 million (62), corresponding to an operating margin of 11.2% (10.7).
- EBITA increased by 27% to SEK 89 million (70), corresponding to an EBITA margin of 12.8% (12.1).
- Profit for the quarter amounted to SEK 55 million (44), corresponding to earnings per share of SEK 1.05 (0.85).
January–September 2024
- Revenue increased by 30% to SEK 2,128 million (1,631), of which 3% for comparable units.
- Operating profit rose by 25% to SEK 220 million (176), corresponding to an operating margin of 10.3% (10.8).
- EBITA increased by 29% to SEK 252 million (195), corresponding to an EBITA margin of 11.8% (12.0).
- Profit for the period amounted to SEK 152 million (129), corresponding to earnings per share of SEK 2.95 (2.60).
- The return on working capital (EBITA/WC) was 60% (60).
- The equity/assets ratio was 33% (33) at the end of the period.
- As of 30 September 2024, the number of repurchased shares of series B amounted to 1,053,766.
- As of 1 January 2024, the business is divided into the two business areas Industry and Infrastructure.
- During the first quarter, PW Kullagerteknik was acquired. During the second quarter, KmK Instrument, Hydjan, WH-Service, Sikama, ZRS Testing Systems and Minrox 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.
