Munters Group AB

Latest Results (06.08.2024):

Net Sales Growth

In the financial year 2023, Munters Group AB reported a significant increase in net sales. The growth was primarily driven by high activity in project deliveries within the Data Center Technologies (DCT) segment. Additionally, the AirTech segment showed good growth, while the FoodTech segment remained at the level of the previous year. The organic growth was +27 percent, with acquisitions and divestitures contributing +3 percent and currency effects adding +5 percent.

Adjusted EBITA Improvement

Munters Group AB saw a substantial improvement in its adjusted EBITA for 2023, which increased by +71 percent. This significant enhancement is primarily attributed to increased net sales in the AirTech and DCT segments, net price increases, and efficiency improvement efforts across all business areas. The company's focus on operational efficiency has clearly paid off, contributing to the overall profitability.

Order Intake Decline

During 2023, Munters Group AB experienced a decrease in order intake. This decline was mainly because customers in the previous year had placed orders further in advance of delivery due to disruptions in the supply chain. The organic development was -21 percent, while acquisitions and divestitures contributed +2 percent and currency effects added +3 percent.

Net Income Increase

Munters Group AB reported an increase in net income for the year 2023. The net income rose to SEK 792 million, up from SEK 577 million in the previous year. This improvement in net income reflects the company's successful strategies in enhancing profitability and managing costs effectively.

Strategic Acquisitions

In 2023, Munters Group AB completed several strategic acquisitions to strengthen its market position. Notably, the company acquired Zeco, an Indian manufacturer of air treatment solutions, and Tobo Components, a Swedish manufacturer of humidification components. These acquisitions are expected to bolster Munters' offerings in dehumidification and humidification solutions, respectively, and expand its market presence in India and Europe.