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    MMGR B   SE0009922305

MOMENTUM GROUP AB (PUBL)

(MMGR B)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/09 07:14:51 am
195.9 SEK   -1.26%
12/02Report from Extraordinary General Meeting in Momentum Group AB on 2 December 2021
AQ
12/02Momentum Group AB has Changed its Name to Alligo AB
CI
10/29Momentum Group Seeks Acquisitions
CI
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Momentum : acquires workwear specialist RAF Romerike Arbeidst°y in Norway

10/04/2021 | 03:01am EST

Alligo, a business area of Momentum Group, has acquired 100 % of the shares in RAF Romerike Arbeidstøy AS. The acquisition further reinforces Alligo's position as a leading partner to industries and construction companies in Norway. The acquired company has an annual turnover of around NOK 16 million with solid margins.

RAF Romerike Arbeidstøy AS has two stores in Romerike outside Oslo and sells workwear and personal protective equipment (PPE).

- Through the acquisition of RAF we strengthen our position in workwear and PPE in the Oslo area, says Jens Kr. Henriksen, Country Manager for Alligo in Norway.

Closing takes place immediately and the acquisition is expected to have a marginal positive effect on Momentum Group's earnings per share during the current financial year.

Stockholm, 4 October 2021

Momentum Group AB (publ)

For further information, please contact:
Clein Ullenvik, Business Area Manager Alligo - tel: +46 70 558 84 17

This information was submitted for publication on 4 October 2021 at 09:00 CET.

Momentum Group is a leading reseller of industrial consumables and components, service and maintenance to professional end users in the industrial and construction sectors in the Nordic region. The Group has annual revenue of approximately SEK 9.5 billion and some 2,700 employees. Momentum Group AB (publ) has been listed on Nasdaq Stockholm since June 2017. Read more at www.momentum.group.

https://news.cision.com/momentum-group-ab--publ-/r/momentum-group-acquires-workwear-specialist-raf-romerike-arbeidstoy-in-norway,c3426233

https://mb.cision.com/Main/18955/3426233/1476518.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

All news about MOMENTUM GROUP AB (PUBL)
12/02Report from Extraordinary General Meeting in Momentum Group AB on 2 December 2021
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12/02Momentum Group AB has Changed its Name to Alligo AB
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10/29Momentum Group Seeks Acquisitions
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10/29Momentum Group AB Appoints Clein Ullenvik, as President
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Financials
Sales 2021 9 904 M 1 094 M 1 094 M
Net income 2021 432 M 47,7 M 47,7 M
Net Debt 2021 2 162 M 239 M 239 M
P/E ratio 2021 20,5x
Yield 2021 1,84%
Capitalization 10 015 M 1 107 M 1 106 M
EV / Sales 2021 1,23x
EV / Sales 2022 1,08x
Nbr of Employees 2 810
Free-Float 41,9%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 198,40 SEK
Average target price 264,50 SEK
Spread / Average Target 33,3%
EPS Revisions
Managers and Directors
Ulf Lilius President & Chief Executive Officer
Niklas Enmark Chief Financial Officer & Executive Vice President
Johan Olov Sj÷ Chairman
Stefan Hedelius Independent Director
Gunilla Birgitta Spongh Independent Director
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