Munters Group AB (MTRS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to today's presentation of Muntage Q1 2025 results. My name is Lidne Duvern and I'm Head of Investor Relations, joined here today by Claes Forsström, our CEO, and Katarina Fischer, our CFO. So we will begin with a presentation of our results and then we will open up for Q&As after that. So Claes, please go ahead. Thank you, Lina. And once again, good morning and welcome. Before diving into the Q1 report, let me shortly summarize and share some highlights. First of all, an agreement is signed to divest the food tech equipment offering proceeds expected during quarter two this year. So with that, all comments and figures in the report refer to continued operations unless advice stated. a strong overall start to the year. Strong order intake, 27% growth, robust net sales growth, 18%, healthy profitability levels, 13.5% adjusted EBITDA percentage, that with one business era lagging behind. And also very pleasing, solid low operating net working capital levels at 10.2%. All in all a good start. As said, two business areas performing very well as expected, one weaker that is Airtek. Here we anticipate a stepwise improvement during the year and the second half of the year will be better than the first. When it comes to tariffs, I mean, no one likes tariffs, no one likes trade war. With that said, we are well prepared to handle the tariffs. We have a long-term executed strategy that, in short, is in the region for the region, sell and produce in a balance. To give you one example, 90% of what we are selling for in the U.S. is also produced in the U.S. Of course, we follow this development closely and adjust when needed. If I summarize it then in one sentence, I'm cautiously optimistic going into the remainder of this year. So let's then just f...