Momentum Group (MMGR) Q3 2025 (Q&A) earnings summary

Executive summary

• Revenue grew by 7% year-over-year in Q3 2025 to SEK 746 million, with EBITA up 7% to SEK 95 million, despite a 4% decline in comparable unit sales.

• Achieved record-high EBITA and earnings growth in Q3 2025, supported by strong cost management and significant contributions from recent acquisitions.

• Service sales remained robust, while product sales and organic growth were weaker amid a cautious market.

• Six acquisitions year-to-date added SEK 300 million in annual revenue, offsetting weaker organic sales and strengthening Nordic presence.

• The Group maintained profitability through cost adjustments and a decentralized operating model.

Financial highlights

• Q3 2025 revenue increased by 7% year-over-year to SEK 746 million, with EBITA up 7% to SEK 95 million and operating profit up 4% to SEK 81 million.

• For Jan–Sep 2025, revenue rose 8% to SEK 2,305 million and EBITA increased 4% to SEK 263 million.

• EBITA margin for Jan–Sep was 11.4% (down from 11.8% year-over-year); Q3 EBITA margin was 12.7%.

• Net profit for Q3 was SEK 56 million, with EPS of SEK 1.10.

• Acquisitions contributed SEK 82 million to Q3 revenue, adding 12% to growth and positively impacting earnings per share.

Outlook and guidance

• Recovery is expected to be gradual, with stepwise improvement likely during 2026 rather than a quick rebound.

• The Group expects an intensive sales period in autumn, with ongoing improvement measures and continued focus on acquisitions.

• No sharp recovery is expected in the near term; customers are likely to remain restrained until a more stable recovery is visible.

• The long-term EBITA growth target of 15% per year remains in place, combining organic and acquired growth.

• Maintains healthy financial flexibility for future operations and ongoing focus on earnings growth and profitability.