Momentum Group AB (publ) (MMGR_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of Momentum Group's Q1 report for 2026. I'm Alfre Lyseau from Momentum Group and I'm here with my colleague Niklas Edmark, Vice President and CFO and we will guide you through our report today. The business climate continues to be hesitant where our customers have a strong focus on costs and where demand is generally sluggish. Adding to this, this last quarter brought an increased anxiety coupled to the geopolitical turmoil. This was especially apparent in the first half of March when the market was quiet. Later in the month, the situation bounced back, enabling us to somewhat compensate for the tough start. In this environment, our priority is to have a strong focus on costs as well as pricing and efficiency measures to mitigate the volatility in demand and volumes. At the same time, we urge our companies to maintain high customer activities in order to be well positioned to meet the gradually improving market demand as it materializes. We also continue to make selective acquisitions in line with our strategy. I'm pleased to see that despite that tough market condition that had a relatively large negative impact on our sales volumes, we have performed fairly well in all other categories. Our gross margin is improving and our cost base is decreasing. We have also completed two acquisitions in the start of this year and we have a good pipeline going forward. I will also give you a few words of the acquisitions made in 2026. Höglandet's compressor service is a specialist in compressor technology for industrial customers and was acquired during the quarter. Actuated Solutions in the UK was acquired after the period and marks our entry in the UK market and the first acquisition outside of the Nordics. The short-term market situation remains ch...