Momentum Group Q4 2025: Stable performance with gradual improvement in market signals

MMGR BRegulatory press release18.02.2026 klo 08.55

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.

About Momentum Group

Momentum Group develops and acquires successful, sustainable companies. The group currently consists of some 35 companies that offer sustainable products, services and solutions for customers in industry and industrial infrastructure in the Nordic region. We are an active, long-term owner and combine the proven acquisition model and effective corporate governance of a 100-year-old industrial corporate culture with clear goals for sustainable development and long-term profitability at our companies. The group generates revenue of approximately SEK 3.1 billion and have some 900 employees. Momentum Group's B share is listed on Nasdaq Stockholm. For more information, please visit momentum.group.