Munters Group AB: Strong order intake, but profitability affected by external factors
Munters Group AB reported a 137% increase in order intake during the second quarter, driven by strong demand in Data Center Technologies and AirTech. Profitability is being impacted by production ramp-up challenges and external factors.
Stockholm – Munters Group AB's order intake increased by 137% in April–June, primarily due to strong demand in Data Center Technologies (DCT) and AirTech business areas. While net sales grew by 6%, the company's profitability declined.
The group's adjusted EBITA margin decreased due to the planned ramp-up of DCT production, a changed product mix, supply chain disruptions, and tariff impacts. Margins in AirTech, however, improved thanks to increased volumes and cost-saving measures.
"We delivered an exceptionally strong order intake in the quarter, demonstrating the strength of our offering and the continued high level of activity in our key markets. However, profitability is affected by the planned ramp-up of chiller production in the US, as well as external factors such as component delivery delays and tariff-related effects," said CEO Juha Tiihonen.
The company maintained its full-year outlook, expecting profitability to improve over the next six months. Munters also announced it is considering divesting its FoodTech business to focus more on its DCT and AirTech operations.