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-publishes-annual-and-sustainability-report-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.

Kæden er stadig usædvanligt stille, og det bliver den ikke mere livlig af at linke til pressemeddelelser, men jeg vil gøre det alligevel  Momentum åbnede spillet uden for Norden med en virksomhedsovertagelse i Storbritannien. Når man udvider uden for Norden, er risiciene sandsynligvis lidt højere, men det ville alligevel have været uundgåeligt på et tidspunkt. Engang i fremtiden ville der ikke længere være plads til at vokse/passende virksomhedsovertagelsesmål i Norden i et uendeligt omfang. En lille handel til at begynde med, og tilsyneladende havde forholdene modnet over længere tid. Jeg anser sådanne kontrollerede udvidelser til nye markeder lidt efter lidt for meget vigtige for en langsigtet investeringscase. Ellers vil man på et tidspunkt stå i en situation, hvor den rige pengestrøm ikke længere kan geninvesteres med den ønskede fortjeneste, og renters rente stopper eller aftager                    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...

Det er godt nok en usædvanlig stille tråd, men jeg vil lige melde ind her om det seneste opkøb. Omsætning på 55 mSEK, men købsprisen var ikke umiddelbart til at se. “Momentum Group har i dag underskrevet en aftale om at erhverve 60 procent af aktierne i Sikama AB, en specialist i gas- og væskehåndtering til industrikunder i Sverige. Sikama vil blive en del af det nye forretningsområdet Infrastructure under forretningsenheden Flow Technology.”                   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 Fortsat stærk præstation fra Momentum  Det ville være godt, hvis Momentum Group udspecificerede den organiske vækst mere detaljeret. Nogle af de svenske serie-opkøbere rapporterer den organiske vækst meget præcist.

Det var lige det, jeg tænkte på, at mange års (profitabel) vækst allerede er indregnet i prisen, hvilket taler for at reducere lidt.

Værdisætningen begynder unægteligt at se… svedig ud.  P/E-multipel på realiseret indtjening er 40x. Det seneste opkøb med en EV/EBITA-multipel på 8x fik mig til at indse, at man i Sverige tilsyneladende accepterer et lavere afkast af den investerede kapital (~12,5 %), mens vi herhjemme, f.eks. Boreo, køber virksomheder til 5-6x EBITA. Selvfølgelig er det der Askalon, eller hvad det nu hedder, også større og er vokset eksemplarisk. Hvis man selvfølgelig tror på, at Momentum under Ulfs ledelse fortsætter med en indtjeningstilvækst på >15 % i de næste 10 år (omsætningen ville da være 7,5 milliarder svenske kroner, resultatet cirka 650 millioner svenske kroner) og ryster en EV/NOPAT-multipel på ~20 ud af ærmet til den værdiskabende serielle opkøber (indtil videre er gælden lav, så det oversættes næsten direkte til P/E), ville aktien stå i 270 kroner om 10 år. CAGR >9 %, hvilket i sig selv ikke er dårligt, men ikke nok for mig, men til den tidligere købspris (~57 kroner) er CAGR hele 19 %, hvilket er rigtig fedt. Dette er bare løse tanker skitseret på bagsiden af en tændstikæske. Det er jo en topvirksomhed, ærgerligt at man ikke fik købt mere i efteråret, men sådan er det jo.

Er kursmålet allerede nået, @Verneri_Pulkkinen?

En forholdsvis ny præsentation fra CEO Ulf Lilius. Her uddyber han Momentums vision og strategi ret godt mellem linjerne. Kassebeholdningen er i god form i øjeblikket, og man begynder næsten at håbe på en lavkonjunktur, hvor Momentum potentielt kunne opsnappe nye opkøb til en bedre pris. Direktøren er en erfaren professionel i branchen, og den der lidt beskedne fremtoning tiltaler i hvert fald mig.

Momentum Group

Momentum Group has today published its Annual and Sustainability Report for 2025. The report is available on the Group’s website.President and CEO Ulf Lilius comments in the CEO statement:“Momentum...

<div class="mfn-preamble"><p><strong>Momentum Group has today published its Annual and Sustainability Report for 2025. The report is available on the Group’s website.</strong></p></div><div class="mfn-body"><p>President and CEO Ulf Lilius comments in the CEO statement:</p><blockquote>“Momentum Group demonstrated stability in 2025 despite a cautious industrial market and an uncertain environment. Revenue and earnings increased, cash flow was strong and we completed six acquisitions that further strengthen the Group’s position. At the same time, we achieved our target of doubling EBITA already four years after our listing in 2022. With a clear strategy, strong entrepreneurs in our companies and a business model that combines the development of existing businesses with acquisitions, Momentum Group is well positioned for the next step in its growth journey.”</blockquote><p>The Annual and Sustainability Report for 2025 is available for download in <a href="https://www.momentum.group/en/report/annual-and-sustainability-report-2025" rel="noopener">English</a> and <a href="https://www.momentum.group/report/ars-och-hallbarhetsredovisning-2025" rel="noopener">Swedish</a> at Momentum Group’s website <a href="https://www.momentum.group/en/" rel="noopener">momentum.group.</a> The Swedish version is also available in European Single Electronic Format (ESEF).</p></div><div class="mfn-footer mfn-0ccec976cf74"><p><strong class="mfn-heading-1">For further information, please contact:</strong></p><hr><p>Ann-Charlotte Svensson, Group Communications &amp; IR<br>Tel: +46 72 085 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: +46 70 393 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">About Momentum Group</strong></p><hr><p>Momentum Group develops and acquires successful, sustainable companies. The group currently consists of some 35 companies that offer sustainable products, services and solutions for customers in industry and industrial infrastructure in the Nordic region. We are an active, long-term owner and combine the proven acquisition model and effective corporate governance of a 100-year-old industrial corporate culture with clear goals for sustainable development and long-term profitability at our companies. The group generates revenue of approximately SEK 3.1 billion and have some 900 employees. Momentum Group's B share is listed on Nasdaq Stockholm. For more information, please visit <a href="http://www.momentum.group" rel="noopener">momentum.group</a>.</p></div><div class="mfn-footer mfn-regulatory mfn-regulatory-vpml"><p><em>This information is information that Momentum Group AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-04-01 10:00 CEST.</em></p></div><div class="mfn-footer mfn-attachment mfn-attachment-image"><p><strong class="mfn-heading-1">Image Attachments</strong></p><hr><p><a href="https://storage.mfn.se/981a48ab-8efb-46ff-981d-f4e50052fb84/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">Attachments</strong></p><hr><p><a class="mfn-primary" href="https://storage.mfn.se/fc7ffcf7-4c0f-487f-9d38-73aa9793cf04/momentum-group-annual-and-sustainability-report-2025.pdf" rel="noopener">Momentum Group Annual And Sustainability Report 2025</a></p></div>