Momentum Group AB
STO:MMGR B
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Momentum Group AB
STO:MMGR B
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Climeon AB (publ)
STO:CLIME B
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Samvardhana Motherson International Ltd
NSE:MOTHERSON
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Momentum Group AB
Momentum Group AB engages in the operation, development, acquisition of sustainable companies in the Nordic Region focused on trade and services in the industrial components, industrial services, and other related services in the industrial sector. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2022-03-31. The group consists of a number of companies that together constitute supplier of industrial components, industrial services and other related services in the industrial sector. Momentum Group is organized in two business areas: Components and Services. Components business area consists of subsidiary Momentum Industrials AB, which has operations in Sweden and in Norway that focus on the spare parts and related services for industrial customers' production equipment. Service business area is comprised of Rorick Elektriska Verkstad Aktiebolag, whose electromechanical workshops offer service and repair to the processing and manufacturing.
Momentum Group AB engages in the operation, development, acquisition of sustainable companies in the Nordic Region focused on trade and services in the industrial components, industrial services, and other related services in the industrial sector. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2022-03-31. The group consists of a number of companies that together constitute supplier of industrial components, industrial services and other related services in the industrial sector. Momentum Group is organized in two business areas: Components and Services. Components business area consists of subsidiary Momentum Industrials AB, which has operations in Sweden and in Norway that focus on the spare parts and related services for industrial customers' production equipment. Service business area is comprised of Rorick Elektriska Verkstad Aktiebolag, whose electromechanical workshops offer service and repair to the processing and manufacturing.
Strong Profit Growth: EBITA for the group rose 56% in the quarter, with significant margin improvement and strong performance in Sweden.
Spin-Off Progress: The planned split into two independent, listed companies is on track for the first half of next year, with management changes and rebranding underway.
Restructuring Costs: SEK 108 million in restructuring charges were recorded for moving TOOLS' logistics to Örebro, expected to deliver SEK 25 million in annual cost savings.
Solid Cash Position: Operational net loan liability stood at SEK 1,462 million, with cash and credit facilities totaling SEK 1.2 billion and a healthy net debt-to-EBITDA ratio of 1.8.
Acquisition Activity: Five acquisitions were completed in the period, with two more added afterward, supporting business growth and diversification.
Private Label & Supply Chain: Growth in private label sales continued despite supply chain and shipping challenges, with own brands now around 20% of sales.
