FINANCIAL YEAR 2020 - 9 MONTHS (1 April-31 December 2020 )- Revenue for the financial year (9 months) amounted to MSEK 6,846 (4,596), with the change compared with the corresponding period in the preceding year attributable to the acquisition of
Swedol .
Compared with revenue for the corresponding period in the preceding year including Swedol (MSEK 7,412), revenue declined by 8 percent.*
-
EBITA amounted to MSEK 484 (247), corresponding to an EBITA margin of 7.1 percent (5.4). The change compared with the preceding year is primarily attributable to the acquisition of
Swedol .
Compared with EBITA for the corresponding period in the preceding year including Swedol (MSEK 547), EBITA declined by 12 percent while the EBITA margin amounted to 7.1 percent (7.4).*
-
Operating profit amounted to MSEK 333 (223) and the operating margin to 4.9 percent (4.9).
Earnings were affected by provisions for a restructuring reserve totalling MSEK 97 in the financial accounts for the second quarter of 2020. This reserve pertains to restructuring costs in connection with the integration of TOOLS and Swedol .
-
Net profit amounted to MSEK 229 (163) and earnings per share totalled
SEK 4.55 (5.75). -
The return on working capital (EBITA/WC) for the most recent 12-month period (including
Swedol ) was 24 percent.* -
Cash flow from operating activities improved to MSEK 1,086 (400).
-
The equity/assets ratio was 39 percent at the end of the financial year.
-
A dividend of
SEK 1.50 per share (-) is proposed. -
During the year, the COVID-19 pandemic negatively impacted revenue due to increased restraint and uncertainty in the market, although with variations between customer segments and countries. The various companies in the Group have adopted continuous measures to adapt their operations based on these conditions.
-
The integration between
Swedol and TOOLS commenced according to plan during the year.
THIRD QUARTER (1 October-31 December 2020 )- Revenue amounted to MSEK 2,529 (1,588).
Compared with revenue for the corresponding quarter in the preceding year including Swedol (MSEK 2,655), revenue declined by 5 percent.*
-
EBITA amounted to MSEK 201 (92), corresponding to an EBITA margin of 7.9 percent (5.8).
Compared with EBITA for the corresponding quarter in the preceding year including Swedol (MSEK 218), EBITA declined by 8 percent while the EBITA margin amounted to 7.9 percent (8.2).*
-
Net profit amounted to MSEK 134 (56) and earnings per share totalled
SEK 2.70 (1.95).
AFTER THE END OF THE FINANCIAL YEAR- Within the business area Components & Services, acquisitions of four businesses generating total annual revenue of approximately MSEK 285.
* ACQUISITION OF SWEDOL CLOSED AS OF 1 APRIL 2020
Momentum Group's acquisition of Swedol was completed during spring 2020 and closed on 1 April 2020 . Any instances where the comparative figures in this report include Swedol for the period prior to the closing date on 1 April 2020 are specifically noted. The bases for the financial history including Swedol are presented in a separate press release dated 24 June 2020 - Supplementary financial information relating to the 2019/20 financial year for the Momentum Group .
PRESIDENT'S STATEMENT
Compared with revenue for the corresponding period in the preceding year including
Compared with EBITA for the corresponding period in the preceding year including
Earnings were affected by provisions for a restructuring reserve totalling MSEK 97 in the financial accounts for the second quarter of 2020. This reserve pertains to restructuring costs in connection with the integration of TOOLS and
- Revenue amounted to MSEK 2,529 (1,588).
Compared with revenue for the corresponding quarter in the preceding year includingSwedol (MSEK 2,655), revenue declined by 5 percent.*
-
EBITA amounted to MSEK 201 (92), corresponding to an EBITA margin of 7.9 percent (5.8).
Compared with EBITA for the corresponding quarter in the preceding year includingSwedol (MSEK 218), EBITA declined by 8 percent while the EBITA margin amounted to 7.9 percent (8.2).*
-
Net profit amounted to MSEK 134 (56) and earnings per share totalled
SEK 2.70 (1.95).
AFTER THE END OF THE FINANCIAL YEAR- Within the business area Components & Services, acquisitions of four businesses generating total annual revenue of approximately MSEK 285.
* ACQUISITION OF SWEDOL CLOSED AS OF 1 APRIL 2020
Momentum Group's acquisition of Swedol was completed during spring 2020 and closed on 1 April 2020 . Any instances where the comparative figures in this report include Swedol for the period prior to the closing date on 1 April 2020 are specifically noted. The bases for the financial history including Swedol are presented in a separate press release dated 24 June 2020 - Supplementary financial information relating to the 2019/20 financial year for the Momentum Group .
PRESIDENT'S STATEMENT
AN EVENTFUL AND CHALLENGING YEAR
As we at
In the business area Tools, Consumables, Workwear & Protective Equipment, the integration of TOOLS and
We established a strategic approach focused on acquisition-driven growth in the business area Components & Services and, in early
Our Group structure creates opportunities for the future
Much of the uncertainty concerning the effects of the pandemic remain as we head into the coming quarters. We are therefore continuing to focus on what we can affect in our daily operations in order to achieve increased sales and efficiency - with our decentralised earnings responsibility entailing that local measures are taken if and where needed. At the same time, our Group structure with two operationally independent business areas is creating new, interesting opportunities for the future.
In conclusion, I would like to extend my sincere thanks to all of our dedicated employees for your many outstanding contributions during this particularly challenging year - and to our customers and business partners for your continued confidence. We will continue along the path we have established, with a focus on earnings growth in our existing units, reduced funds tied up in working capital and corporate acquisitions in order to increase profitability.
President & CEO
Presentation of the Financial Report - 9 months 2021
Investors, analysts and media are welcome to participate in a webcast conference call in which CEO & President
Time: Thursday,
Web link: https://financialhearings.com/event/12838.
Telephone no: SE +46 8 566 427 04 /
Contact information
The information in this report is such that
This document is in all respects a translation of the Swedish original Interim Report. In the event of any differences between this translation and the Swedish original, the latter shall prevail.
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