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Momentum Group publishes Annual Report 2017/18

News Provided by GlobeNewswire2018-06-27

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Momentum Group publishes its Annual Report for the 2017/18 financial year on the Company’s website today.

The Annual Report is available at www.momentum.group/en/investor-relations/reports where it can be downloaded as PDF in Swedish and English.

“For Momentum Group, this first financial year as an independent listed company has been eventful, shown positive progress and we have taken many important steps in our journey of improvements toward sustainable profitability,” states Ulf Lilius, President & CEO, in Momentum Group’s Annual Report 2017/18. “We will continue along the established path, with earnings growth combined with reduced funds tied up in working capital high on the agenda for increased profitability. Customer proximity and the adaptation of our offerings, logistics and sales channels, both local and digital, as well as acquisitions of successful niche companies will enable us to continue to become better than yesterday.”

Stockholm, 27 June 2018

Momentum Group AB (publ)

For further information, please contact:
Mats Karlqvist, Head of Investor Relations – Tel: +46 70 660 31 32 / E-mail: mats.karlqvist@momentum.group

This information is such 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 person set out above, at 12:30 p.m. CET on 27 June 2018.

Momentum Group is a leading reseller of industrial consumables and industrial components, services and maintenance to professional end users in the industrial and construction sectors in the Nordic region. The Group has annual revenue of approximately SEK 5.6 billion and approximately 1,600 employees. Momentum Group AB (publ) has been listed on Nasdaq Stockholm since June 2017. Read more at www.momentum.group.

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