Munters Group AB (MTRS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of Mönters Q1 2026 results. My name is Lina Duvern and I'm Head of Investor Relations, joined here by CEO Claes Forsström and CFO Katarina Fischer. Claes and Katarina will go through the results of Q1 and then we will open up for Q&A. So with that, I will hand over to you, Claes. Thank you very much, Lina. And once again, good morning and very, very much welcome A solid start to the year. So let me summarize the quarter like this. Good to strong demand across all business areas. I booked a bill about one in all business areas. I feel it has been a well-executed quarter based on our plans. Build, scale and accelerate growth step-by-step in data center technology. Reset air tech and start to grow the base business. Capture growth and continue to scale in food tech. Operational progress in line with the plan. All in all, a solid quarter. Our outlook remains unchanged. A stronger second half of the year is expected, though, as for everyone else, higher geopolitical and supply chain uncertainties are building up. So more in detail, a well executed start to the year. If I start with orders, continued strong order growth, order intake 49% organically, 32 in a Swedish chrono. Airtek, robust demand across all regions, despite a larger product cancellation. Data center technology, strong demand once again in America from both hyperscalers and collocators. And Foodtech, strong demand for controllers and software. The order backlog increased with 88%. Currents adjusted, I mean, close to 100. Mainly data center technologies were orders to be delivered mainly in 26 and 27. A book to bill of 1.3. Net sales affected by currency, 12% currency headwind with that then 9% growth. Airtech strong performance in Americas. Data center building i...