Sweden's Momentum Group Q3 revenue up 8% on Industry business strength

By Reuters News


Overview

  • Sweden industrial distributor's Q3 revenue rose 8% yr/yr but slightly missed analyst expectations

  • Quarter driven by Industry business area, organic growth and acquisitions


Outlook

  • Company to reorganize into three business areas from Jan 2027


Result Drivers

  • INDUSTRY BUSINESS AREA - Co said Q3 results were mainly driven by positive performance in the Industry business area, including organic growth and earnings improvements

  • SWEDISH MARKET - Co said organic sales were marginally positive overall, with good performance in Sweden

  • COST CONTROL - Co said improved margins were supported by ongoing cost control and streamlining


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

SEK 805 mln

SEK 811.88 mln (4 Analysts)

Q3 EPS

Beat

SEK 1.30

SEK 1.28 (3 Analysts)

Q3 Net Income

SEK 67 mln

Q3 EBITA

SEK 109 mln

Q3 Operating Income

SEK 93 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

  • Wall Street's median 12-month price target for Momentum Group AB is SEK165.00, about 32% above its October 22 closing price of SEK125.00

  • The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago


Reuters Recommended Reads

  • Oct 23 - Sweden's Indutrade Q3 EBITA slightly beats estimates on strong order intake, pricing

  • Oct 23 - Sweden's Bufab Q3 sales rise 16.6% on market share gains

  • Oct 23 - Sweden's Beijer Alma Q3 revenue up 11%, order bookings rise 22%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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