Momentum Group AB (publ) (MMGR_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of Momentum Group's Q3 report for 2025. I'm Alf Lilje, CEO of Momentum Group, and I'm here with my colleague Niklas Enmark, Vice President and CFO, and we will guide you through our report. Our agenda today is to give you some information about the highlights from Q3 and the development during the quarter, as well as financial information. We will round off with us going forward, now to the highlights in our report. We continue to deliver earnings growth and healthy profitable despite challenging and cautious market climate in the third quarter. Through cost adjustment in our companies and strong contribution from the companies acquired during the year, we succeeded in offsetting the effects of a weaker sales trend in comparable units. Revenue increased by 7% during the quarter and we achieved our highest EBITDA ever for a single quarter. Year to date, six companies have been acquired, adding combined annual revenue of approximately 300 million SEK. The third quarter was characterized by continued uncertainty in the Nordic region. Demand was subdued in several industrial segments, particularly automotive, metal and mining, as well as part of the electricity and heat production segment. At the same time, we noted stronger demand from the pulp and paper industry, as well as the steel industry. It was also encouraging to see a stronger sales trend in Finland. The summer months of July and August were characterized by lower activity levels, while September ended on a strong note, which meant that the largest share of the revenue was noted towards the end of the quarter. This resulted in higher accounts receivable at the end of the period and impacted cash flow for the quarter. Despite these conditions, the group's revenue increased by 7% year ...