Munters Group AB (MTRS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to today's presentation of Muntbash Q4 and 2025 full year results. My name is Lina Duvan and I'm head of Investor Relations, joined by our CEO, Claes Forsström, and our CFO, Katarina Fischer. So Claes and Katarina will begin with presenting the results and then we will have a Q&A session after that. Please go ahead. Thank you, Lina, and good morning, everyone. Let me start with a few sentences to summarize the quarter and the year and then dig into the details. The year 2025 ended up with a quarter showing the strength of our leading offer across our prioritized end markets. All in all then, resulting in more than three times organic growth, I mean over 200%, a book to build of 1.6. I have to say an exceptional achievement by our teams. Earnings, weakened to 10%, primarily driven by dual site costs and underutilization in air tech. as well as temporary tariffs and transition costs when it comes to moving different products in and out of the DCT system. I'm not pleased with the result, but very confident that most of this will diminish after Q1. All in all, 2025 was a year to be proud of. Delivering record order intake, solid profit and strong cash flow. It was also a year building industry-leading capabilities to produce, to show stellar innovation and offer build-up paired with improved efficiencies. All this while balancing in a fast-changing world of trade conflicts and wars. I entered 2026 with a positive view on our end markets. Strong or slightly improving market demands across our segments. Even better is the momentum across monitors. Innovation is the core of a company. An innovation drive that is reaching a vitality index of more than 50%. Production capacity built for current and future growth. We're able to handle 50% more growth. ...