Momentum Group (Q1 review): Soft organic start to 2026 - Redeye

Redeye updates its estimates and valuation following Momentum Group’s Q1 2026 report. Net sales came in 13% below our estimates, with the flat y/y performance weighed down by a 6% organic decline. Adjusted EBITA was 22% below our forecast, primarily due to the sales miss and lower capacity utilization. With modest leverage and strong capital efficiency , the company retains ample M&A firepower. We expect continued acquisitions but lower our 2026e adj. EBITA by 13%. Our updated fair value range supports a positive stance on the share.

Länk till analysen i sin helhet: https://www.redeye.se/research/1163657/momentum-group-q1-review-soft-organic-start-to-2026?utm_source=finwire&utm_medium=RSS