contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


momentum-group-publicerar-ars-och-hallbarhetsredovisning-for-2025

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Momentum Group is a group that offers products, services and solutions to customers in industry and industrial infrastructure in the Nordic region. The company is an active owner that focuses on developing and acquiring companies operating in the development of industrial components, industrial services, maintenance and related services. The headquarters are located in Stockholm.

The thread is still unusually quiet, and linking to press releases won’t liven it up, but I’ll post it anyway  Momentum entered the market outside the Nordics with an acquisition in the UK. Expanding outside the Nordics likely carries slightly higher risks, but this was inevitable at some point. In the future, there wouldn’t be enough room to grow or a sufficient number of suitable acquisition targets in the Nordics. A small deal to start, and apparently, relationships had been cultivated for a long time. I consider these controlled expansions into new markets to be very important for the long-term investment case. Otherwise, at some point, we’ll be in a situation where that abundant cash flow can no longer be reinvested at the desired return, and compounding stops or slows down                    Inderes              Momentum Group acquires Actuated Solutions Limited – establishes position in...    Momentum Group has today signed an agreement to acquire 100 percent of the shares in Actuated Solutions Limited (ASL), an established specialist in valve automation in the UK market. The acquisition...

This is an exceptionally quiet thread, but I’ll post about the latest acquisition here. Revenue 55 mSEK, but I didn’t spot the purchase price. “Momentum Group has today signed an agreement to acquire 60 per cent of the  shares in Sikama AB, a specialist in gas and fluid handling for industrial  customers in Sweden. Sikama will be part of the new Infrastructure business area  under the Flow Technology business unit.”                   Inderes              Momentum Group acquires Sikama – strengthens its position in gas and fluid...    Momentum Group has today signed an agreement to acquire 60 per cent of the shares in Sikama AB, a specialist in gas and fluid handling for industrial customers in Sweden. Sikama will be part...

https://www.momentum.group/en/report/momentum-group-q2-2023-continued-favourable-organic-and-acquisition-driven-growth Still strong performance from Momentum  It would be great if Momentum Group broke down organic growth in more detail. Some Swedish serial acquirers report organic growth very precisely.

I was just thinking about that, that several years of (profitable) growth are already priced in, which would support trimming.

Valuation is undeniably starting to look… sweaty.  P/E multiple on trailing earnings is 40x. The latest acquisition at an EV/EBITA multiple of 8x made me realize that in Sweden, a lower return on invested capital (~12.5%) seems to be accepted, whereas here at home, for example, Boreo buys companies at 5-6x EBITA. Of course, that Askalon or whatever is also bigger and has grown impressively. Of course, if you believe Momentum will continue >15% earnings growth under Ulff’s guidance for, say, the next 10 years (revenue would then be 7.5 billion SEK, profit roughly 650 million SEK) and you slap an off-the-cuff EV/NOPAT ~20 multiple on a value-creating serial acquirer (debt is low for now, so that translates almost like P/E), the share would be 270 SEK in 10 years. CAGR >9%, which in itself isn’t bad but isn’t enough for me, but at the previous purchase price (~57 SEK), the CAGR is 19%, which is really great. This is just some back-of-the-envelope musing. This really is a top-notch outfit, a shame I didn’t buy more in the autumn, but that’s how it goes.

Has the target price been reached yet @Verneri_Pulkkinen?

A relatively recent presentation from CEO Ulf Lilius. He articulates Momentum’s vision and strategy quite well between the lines here. The cash position is in good shape at the moment, and one almost starts to hope for a downturn where Momentum could potentially scoop up new acquisitions at better prices. The CEO is a seasoned professional in the industry, and his somewhat modest demeanor appeals to me, at least.

Momentum Group

Momentum Group har idag publicerat sin års- och hållbarhetsredovisning för 2025. Rapporten finns tillgänglig på koncernens webbplats.Vd och koncernchef Ulf Lilius kommenterar i vd-ordet:“Momentum...

<div class="mfn-preamble"><p><strong>Momentum Group har idag publicerat sin års- och hållbarhetsredovisning för 2025. Rapporten finns tillgänglig på koncernens webbplats.</strong></p></div><div class="mfn-body"><p>Vd och koncernchef Ulf Lilius kommenterar i vd-ordet:</p><blockquote>“Momentum Group uppvisade stabilitet under 2025 trots en avvaktande industrimarknad och en osäker omvärld. Omsättning och resultat ökade, kassaflödet var bra och vi genomförde sex förvärv som ytterligare stärker koncernens position. Samtidigt nådde vi redan fyra år efter börsnoteringen 2022 målet att fördubbla EBITA-resultatet. Med en tydlig strategi, starka entreprenörer i våra bolag och en affärsmodell som kombinerar utveckling av befintliga verksamheter med förvärv står Momentum Group väl rustat för nästa steg i sin tillväxtresa.”</blockquote><p>Års- och hållbarhetsredovisningen för 2025 kan laddas ned på <a href="https://www.momentum.group/report/ars-och-hallbarhetsredovisning-2025/" rel="noopener">svenska</a> och <a href="https://www.momentum.group/en/report/annual-and-sustainability-report-2025" rel="noopener">engelska</a> via Momentum Groups webbplats <a href="https://www.momentum.group/" rel="noopener">momentum.group</a>. Den svenska versionen finns även tillgänglig i European Single Electronic Format (ESEF).</p></div><div class="mfn-footer mfn-0ccec976cf74"><p><strong class="mfn-heading-1">För ytterligare information vänligen kontakta:</strong></p><hr><p>Ann-Charlotte Svensson, Group Communications &amp; IR<br>Tel: 072-085 72 62<br><a href="mailto:ann-charlotte.svensson@momentum.group" rel="noopener">anncharlotte.svensson@momentum.group</a></p><p>Niklas Enmark, CFO<br>Tel: 070-393 66 73<br><a href="mailto:niklas.enmark@momentum.group" rel="noopener">niklas.enmark@momentum.group</a></p></div><div class="mfn-footer mfn-about mfn-71453c94cf7d"><p><strong class="mfn-heading-1">Om Momentum Group</strong></p><hr><p>Momentum Group utvecklar och förvärvar framgångsrika hållbara företag. Gruppen består idag av cirka 35 företag som erbjuder hållbara produkter, tjänster och lösningar till kunder inom industri och industriell infrastruktur i Norden. Vi är en aktiv långsiktig ägare som kombinerar en mer än 100-årig industriell företagskultur med beprövad förvärvsmodell och effektiv bolagsstyrning med tydliga mål för hållbar utveckling och uthållig lönsamhet i våra bolag. Koncernen omsätter cirka 3,1 miljarder kronor och har cirka 900 anställda. Momentum Groups B-aktie är noterad på Nasdaq Stockholm. För mer information besök gärna <a href="http://www.momentum.group" rel="noopener">momentum.group</a>.</p></div><div class="mfn-footer mfn-regulatory mfn-regulatory-vpml"><p><em>Denna information är sådan information som Momentum Group AB (publ) är skyldigt att offentliggöra enligt lagen om värdepappersmarknaden. Informationen lämnades, genom ovanstående kontaktpersoners försorg, för offentliggörande den 2026-04-01 10:00 CEST.</em></p></div><div class="mfn-footer mfn-attachment mfn-attachment-image"><p><strong class="mfn-heading-1">Bifogade bilder</strong></p><hr><p><a href="https://storage.mfn.se/7df56e30-d74e-4454-89d6-2c502577eeac/ar-2025-3-2.png" rel="noopener">ÅR 2025 3 2</a></p></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><p><strong class="mfn-heading-1">Bifogade filer</strong></p><hr><p><a class="mfn-primary" href="https://storage.mfn.se/408c1454-43aa-486b-9884-845d17675c91/momentum-group-ars-och-hallbarhetsredovisning-2025.pdf" rel="noopener">Momentum Group Års Och Hållbarhetsredovisning 2025</a><br><a href="https://storage.mfn.se/3d978878-6400-4ecc-bf08-579741871787/549300QOHUWQMD9G3757-2025-12-31-1-sv.xbri" rel="noopener">549300QOHUWQMD9G3757-2025-12-31-1-sv</a><br><a href="https://storage.mfn.se/4eeb1962-2752-4e9c-9596-824cce78d7ea/549300qohuwqmd9g3757_viewer.html" rel="noopener">549300QOHUWQMD9G3757_viewer</a></p></div>