Moment Group (MOMENT) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 increased to SEK 306m from SEK 296m year-over-year, with EBIT at SEK 2m (SEK 3m), impacted by SEK 4m in restructuring costs tied to a new strategic focus on core operations.

• Strategic shift implemented in January 2025, including organizational restructuring affecting 11 roles and a new management team.

• Liquidity at period end was SEK 70m (SEK 117m), with negative operating cash flow of SEK -19m (SEK 30m), mainly due to higher working capital and tax/fee repayments.

• No dividend proposed for 2024; cash to be reinvested due to leverage and strategic ambitions.

Financial highlights

• Net sales: SEK 306m (SEK 296m), up SEK 10m year-over-year, mainly from Wallmans Group.

• EBIT: SEK 2m (SEK 3m); EBITDA: SEK 18m (SEK 21m); net income: SEK -6m (SEK -5m).

• Earnings per share: SEK -0.24 (SEK -0.21); equity per share: SEK 1.88 (SEK 3.64).

• Operating margin: 1% (1%); pro rata operating margin: 1% (1%).

• Net debt: SEK 563m (SEK 619m); net debt/EBITDA: 4x (30x).

• Cash flow from operations: SEK -19m (SEK 30m); investments: SEK -1m (SEK -6m).

Outlook and guidance

• Financial targets are under strategic review following the new focus on optimizing and developing existing businesses.

• Prepaid ticket revenues at period end were SEK 106m (SEK 68m), indicating strong forward sales for upcoming productions.

• Management expects cost savings from restructuring to begin in Q2 2025.