Momentum Group Ab Class B · OMXSTO:MMGR_B
Momentum Group Ab Class B — Q4 2023 Earnings Presentation
22 slides from Momentum Group Ab Class B's earnings presentation, Feb 15, 2024
Slide 1: Year-end report 2023
Year-end report 2023 15 February 2024
Slide 2: Presenting today
Presenting today Ulf Lilius Niklas Enmark President and CEO CFO Momentum Group 15/02/2024 2
Slide 3: Agenda
Agenda • Q4 highlights • Development during the quarter • Financial targets Momentum Group 15/02/2024 3
Slide 4: Stable conclusion to a year dominated by strong growth
Q4 highlights Stable conclusion to a year dominated by strong growth Revenue: EBITA: EBITA/WC: +35% +25% 59% • Strong sales development with 5% • Fueled by organic sales growth. • High level of profitability organic growth. • Cost control. • Strong cash flow. • Demand still generally stable from • S
Slide 5: Q4 2023 Development during the quarter
Q4 2023 Development during the quarter
Slide 6: Group: Sales Q4 2023
Group: Sales Q4 2023 • Revenue increased by 35% to SEK 667 m (494). • Growth in comparable units of 5%. • Demand generally stable. Some customers show signs of lower level of activity, but the Nordic industry is resilient. • Global component shortage less noticeable. • More moderate increase in purc
Slide 7: Group: Earnings Q4 2023
Group: Earnings Q4 2023 • Earnings growth due to: – Organic revenue growth – Clear contribution from acquisitions – Stable or increasing gross margins • Operating profit rose by 17% to SEK 61 m (52). • EBITA increased by 25% to SEK 70 m (56). – EBITA margin 10.5% (11.3). • Net profit SEK 44 m (39).
Slide 8: Group: Full year 2023
Group: Full year 2023 • Revenue increased by 32% to SEK 2,298 m (1,739). – Growth in comparable units of 7%. • Operating profit rose by 28% to SEK 237 m (185). • EBITA increased by 30% to SEK 265 m (204). • EBITA margin of 11.5% (11.7). • Net profit SEK 173 m (140). • Earnings per share SEK 3.45 (2.
Slide 9: Components business area
Components business area Momentum Industrial Specialist • Continued healthy sales and earnings growth. • Stable growth in both sales and earnings. • Volume growth in the automotive and mining • Strong contribution from acquired businesses (SEK 155 m). customer segments. • Generally stable demand. Cu
Slide 10: Services business area
Services business area • In general, positive sales trend and good utilization rate in workshops. • Earnings affected by – lower utilization rate end of period – some projects with slightly lower margins. – merger of Mekano and Carl A. • Measurement technology showed increased customer activity and
Slide 11: Profitability, cash flow and financial position
Profitability, cash flow and financial position • EBITA/WC 59% (61). • Cash flow from financing activities SEK 206 m (–83) • Return on equity 31% (29). – change in interest-bearing liabilities SEK +239 m (+5) • Cash flow from operating activities for the reporting – paid dividends SEK –50 m (–). per
Slide 12: Acquisitions in Q4
Acquisitions in Q4 Cobalch ApS WEH Sverige AB Swerub AB Helsingin Kumi Oy Specialist in pipeline accessories for Specialist in CNG/Hydrogen refueling Market leader in Sweden in advanced Specialist in customized rubber gas, water, oil, sewage treatment plants, components and gas detection. custom-mad
Slide 13: Financial targets
alle momentum" group Financial targets
Slide 14: Exceeding all financial targets
Exceeding all financial targets Earnings growth Profitability Dividend policy Aims to achieve earnings growth (EBITA) of Aims to achieve a profitability of P/WC of >30% of earnings per share annually over a >15% annually over a business cycle and at >45%, measured as EBITA (P) in relation to busines
Slide 15: Growth development in net sales and EBITA
Growth development in net sales and EBITA Growth in Net sales Growth in EBITA 35% 35% 30% 30% 25% 25% 20% 20% Financial target: 15% 15% EBITA >15% 10% 10% 5% 5% 0% 0% 2021 2022 2023 2021 2022 2023 Comparable units Acquisitions Comparable units (incl OH & IFRS) Acquisitions Strong organic growth over
Slide 16: New Group structure for continued growth, profitability and development
New Group structure for continued growth, profitability and development Industry business area Infrastructure business area The companies in the Industry business area offer components and related services The companies in the Infrastructure business area offer products, services and solutions prima
Slide 17: Contact us
Contact us Please email us at ir@momentum.group if you have any questions. Momentum Group momentum.group
Slide 18: Appendix
alle momentum" group Appendix
Slide 19: IFRS effects on cash flow
IFRS effects on cash flow MSEK 2023 2022 IFRS effects on cash flow from operations 65 50 IFRS effects on cash flow from financing activities -65 -50 Net 0 0 Momentum Group 15/02/2024 19
Slide 20: Largest shareholders
Largest shareholders Shareholder A shares B shares Capital Votes Nordstjernan 213 22,876,641 45.32% 41.18% Tom Hedelius 513,124 1.02% 9.24% Ampfield Management 4,759,748 9.43% 8.57% Fidelity Investments (FMR) 3,961,200 7.85% 7.13% Tredje AP-fonden 2,000,000 3.96% 3.60% Lannebo Fonder 1,735,915 3.44%
Slide 21: Pro forma statements
Pro forma statements MSEK Jan-Dec 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Jan-Dec 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Revenue Industry 1 610 425 375 414 396 1 384 389 315 358 322 Infrastructure 704 247 208 138 111 374 110 89 93 82 Group-wide 13 4 4 3 2 9 3 2 2 2 Eliminations -29 -9 -7 -6 -7 -28 -8 -6
Slide 22: Dates for upcoming financial information
Dates for upcoming financial information 31 March 2024 17 July 2024 Annual and sustainability report Interim report Q2 2024 26 April 2024 24 October 2024 Interim report Q1 2024 Interim report Q3 2024 7 May 2024 14 February 2025 Annual General Meeting 2024 Year-end report 2024 Momentum Group 15/02/20