Munters Group AB: Solid growth and robust margin
KISTA, Sweden, July 18, 2025 /PRNewswire/ -- Divestment of the FoodTech Equipment offering has been completed. The comments and figures in this report refer to continuing operations unless otherwise stated. For more information see pages 16-17.
April-June 2025:
Order intake increased +22%, with strong growth in Data Center Technologies (DCT) and FoodTech, as well as organic growth in AirTech.
Net sales grew +11%, driven by solid growth in DCT and FoodTech, while AirTech declined. Currency effects impacted sales by -10%.
The adjusted EBITA margin declined, primarily due to lower volumes in AirTech in Americas as well as unfavorable product and regional mix. This was partly offset by a strong margin contribution from DCT. FoodTech remained at a healthy level, although declined due to increased expansion investments.
Cash flow from operating activities was lower compared to last year, primarily due to lower operating earnings and negative cash flow from changes in working capital.
OWC/net sales improved to 9.1%, below the target range of 13–10%.
Leverage declined to 2.8x compared to 3.1x in the first quarter, driven by the divestment of the FoodTech Equipment business.
Earnings per share, before and after dilution, amounted to SEK 0.97 (1.65).
The AGM in May resolved to pay a total dividend of 1.60 SEK (1.30), a total of MSEK 292 (237) to be paid in two equal instalments. This represented 30% (30) of net income in 2024. The first instalment of the dividend was paid out in May.
CEO comments
We saw overall continued good momentum in the quarter, supported by our clear strategic focus on strong long-term growth opportunities. Order intake increased 22%, with all three business areas contributing organically. Net sales grew steadily with 11%, excluding currency effects the increase was 21%. The EBITA margin remained robust at 13.6% - a solid achievement considering currency headwinds and the tough comparison against last year's all-time high level.
Solid execution from DCT and FoodTechDemand in DCT continues to be driven primarily by Americas, where interest in our broad portfolio of cooling solutions is high. We continue to have a firm belief in the market's long-term growth potential. As expected, following our acquisition of Geoclima, chillers have become a strategically important product category which contributed significantly to the good order intake in the quarter. DCT continued to deliver ...
