Business
Munters : Q4 2025 Investor Presentation
Munters : Q4 2025 Investor
About this update from Munters Group Ab
Q4 & full-year Investor Presentation January 2026 Investor Relations Agenda Introduction Quarterly highlights AirTech Data Center Technologies FoodTech Appendix Cases World leader in energy-efficient climate solutions Business area share 2025, FY Order Intake 8% 32% 60% Americas Regional share 2025, FY EMEA Order Intake APAC Order Intake Order Intake 9% Net Sales Net Sales Net Sales 14% 60% 73% 26% 18% Net Sales 11% 49% 40% 4 Note: Figures includes discontinued operations. FY 2025 Countries with sales & production >25 Sales MSEK 14,712 Production sites >25 Adj. EBITA margin 12.7% Number of employees ~5,000 We secure mission-critical industries Net sales per business area - Q4 2025 FoodTech 12% DCT 37% AirTech 51% State-of-the-art cooling solutions for data centers Ultra dry air for battery production Climate & hygiene control for food production industry Dehumidification for windmills & infrastructure Controllers for optimizing livestock, cultivation, and crop storage Leading supplier of rotors & other components 5 Clean Technology solutions for a healthier planet Service offering to a broad range of customers Constant humidity for the pharmaceutical industry A leading software solution provider for food producers We operate through three business areas AirTech Climate Control Technologies Data Center Technologies Cooling Technologies FoodTech Digital Technologies Dehumidification Humidification Clean Technologies Refrigerant-based Water-based Controllers Software (SaaS) Pharmaceutical Food Processing Battery Broiler Layer Swine Plants Customer segments Liquid cooling Hyperscaler Colocator Air-based Customer Segments Segments Components Dehumidification rotors sold to various industries for moisture control applications Evaporative cooling pads for precise temperature control and humidification Selection of products Commercial Preservation Power Enterprise Solutions Split solutions SyCool and outdoor units (Chillers) Indoor units within the white space, i.e. CDU & CRAH Air handling units , i.e. Oasis, direct evaporative units and EPX Specialized cooling units Solutions Controllers to automate, monitor, optimize environments with digital connectivity capabilities Software for food supply chain optimization Units Systems Digital connectivity SyCool Split Chiller CRAH 1 CDU 2 Controllers Software Service Digital offering with controls & connectivity. Commissioning, installation and retrofitting 6 The above products are examples of products in the Munters offering 1 CRAH - Computer Room Air Handler 2 CDU - Coolant Distribution Units Service Commissioning, installation and retrofitting -fans, controls, heat exchangers & refrigeration Service Broadening, investing & developing more software to grow portfolio as well as cont. focus on after-market service Delivery on M&A agenda to fuel growth 2023-2025 2023 Acq., Tobo Component, Sweden Net sales: MSEK 76 Employees: 14 Acq., ZECO, India Net sales: MSEK 510 Employees: ~600 Acq., SIFT, France Net sales: MEUR 3 Employees: 17 Majority investment, InoBram, Brazil Net sales: MBRL 53 Employees: ~150 Acq., Airprotech, Italy Net sales: MSEK 330 Employees: 52 Minority investment, Capsol, Norway Acq., Geoclima, Italy Net sales: MEUR 40 Employees: 165 Minority investment, Zutacore, Israel Acq., Hotraco, NL Net sales MSEK 465 Employees: 140 Majority investment, AEI, US Net sales: MSEK 102 Employees: 13 Minority investment, Agriwebb, Australia Full acq. MTech, US AirTech DCT FoodTech 2024 2025 7 Core/ Cosolidation Structured process for M&A and integration with aligned workflows M&A categories in focus Technology /Digital Service -string of pearls New growth areas OWC/net sales Q4 : 7.3% Progression towards our financial & sustainability targets Currency adj. growth Q4 : 0% Adj. EBITA margin Q4 : 10.0% 35% 20% 20% 25% 15% Financial target >14% 15% Financial target >14% 15% 15% 10% 12.7% 10% Financial target range 13-10% 5% 5% 5% Targets for 2030 -FY 2025 performance Reduce CO 2 e* Gender Equity 30% women leaders & in workforce Workforce - Leaders 23% (22) 21% (22) 7.3% SEK Responsible business -5% 0% 0% 2020 2021 2022 2023 2024 2025 Note: Change in net sales compared to the previous period, adjusted for currency translation effects Note: Average OWC (Operating Working Capital) last twelve months as % of net sales for the same period 8 Note: Figures for 2020-2024 includes discontinued operations. * From 2023 to 2030. Compared to base year set at 2023. Scope 1 & 2: 42.0% absolute reduction +3% (+3) Scope 3: reduce by an average of 51.6% per unit sold +19% (-37) 100% of employees to complete CoC training every two years 90% (83) 100% of key suppliers must sign Supplier CoC 92% (99) Outlook for 2026 FoodTech AirTech DCT Ongoing efficiency programs Status: • Improved capacity utilization Focused growth in Industrial and other segments Broadened our portfolio Increased global footprint Record order intake Fully digital offering New regions Growing share of recurring revenue Market outlook for 2026 * Flat to positive Market demand in battery remains subdued but expected to be offset by continued activity in the Industrial market, including defense, food and pharma Positive Market demand is expected to remain strong, supported by continued investments Positive Market demand is expected to remain strong, driven by increased adoption of digital solutions Net sales growth: Expected to develop positively, supported by the strong backlog Adjusted EBITA margin : Expected to improve in H2 2026, driven by order backlog in DCT & margin improvements in AirTech Business outlook for 2026 ** This reflects the company's view as of the date of this report, based on information and assessment available at that time. Positive Flat to positive Flat Negative > 5 % ~ 1-5 % ± 0-1% <0% *This reflects the company's assessment of market demand for full year 2026, based on current market indications and the information available at the time of this report. **Based on assumptions and measures within the company's control, not taking into account external factors or events outside the company's ability to influence, which may impact actual outcomes. 9 Agenda Introduction Quarterly highlights AirTech Data Center Technologies FoodTech Appendix Cases Attention : This is an excerpt of the original content. To continue reading it, access the original document here .