Sweden · Delayed Price · Currency is SEK Munters Group AB Earnings Call Transcripts
Fiscal Year 2026
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Exceptional order intake in DCT and AirTech drives strong backlog and sets up for robust growth in 2027 and beyond. Profitability improves in AirTech, while DCT faces temporary margin pressure from supply chain constraints, with guidance for 30% DCT sales growth reaffirmed.
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Strong organic growth and record order intake, especially in data center and AirTech, drove a robust Q1 despite currency and tariff headwinds. Margin improvements and cost savings are on track, with a positive outlook for H2 and continued investment in growth areas.
Fiscal Year 2025
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Record order intake and strong cash flow in 2025 were offset by margin pressure from tariffs and underutilization, but 2026 is set for record invoicing and margin recovery as new capacity and efficiency programs take effect.
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Order intake and sales grew strongly, led by Data Center Technologies and FoodTech, while AdTech faced headwinds from a weak battery market. Profitability remained solid, with ongoing investments in capacity, digitalization, and sustainability, and restructuring in AdTech to drive future efficiency.
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Order intake grew 22% year-over-year, driven by strong DCT and FoodTech performance, while adjusted EBITA margin was 13.6%. Strategic acquisitions and a new green factory supported growth, with robust outlooks for data center and FoodTech segments.
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FoodTech has transformed into a digital leader, leveraging AI, software, and controllers to optimize the global food supply chain. With strong growth, high margins, and a focus on innovation and operational efficiency, the business is expanding globally and investing in new technologies and markets.
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Order intake grew 27% and net sales 18%, led by Data Center and FoodTech, while AirTech lagged but is set for gradual improvement. Adjusted EBITDA margin was 13.5%, with leverage temporarily elevated due to acquisitions and investments. Regional production and strong backlog support a positive outlook.
Fiscal Year 2024
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Record year with 19% Q4 sales growth, strong Data Center and FoodTech performance, but AirTech impacted by battery market weakness. Cost-saving actions and major investments underway; outlook calls for gradual margin recovery in AirTech and continued growth in digital and service segments.
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Q3 saw robust growth in Data Center Technologies and FoodTech, with order intake up 21% and adjusted EBITA margin reaching 16.2%. AirTech was impacted by weak battery demand, but non-battery segments remained stable. Strategic acquisitions and investments support future growth.
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Q2 delivered record profitability and strong cash flow, driven by robust growth in data center and FoodTech, with strategic M&A and portfolio shifts supporting future expansion. Battery segment remains weak, but long-term growth drivers are intact.