Sweden's Munters Q2 order intake surges on strong DCT, AirTech demand

Munters AB

17/07/2026 06:42

Overview
Sweden air treatment firm's Q2 order intake up 137%, driven by strong DCT and AirTech demand
Q2 net sales rose 6%, with DCT sales lower due to ramp-up and supply chain constraints
Adjusted EBITA margin declined, reflecting DCT ramp-up, product mix, and supply chain issues

Outlook
Munters maintains its outlook for 2026 amid continued market uncertainty
Company expects gradual improvement in AirTech net sales and profitability
Munters anticipates operational improvements in DCT and continued growth in FoodTech

Result Drivers
DCT RAMP-UP AND SUPPLY CHAIN - Co said lower DCT sales and margin pressure were due to the planned production ramp-up, supply chain constraints, and tariff headwinds
AIRTECH GROWTH AND MARGIN IMPROVEMENT - AirTech reported strong demand and improved margins due to higher volumes and cost-saving measures
SOFTER FOODTECH DEMAND - FoodTech saw lower order intake in controllers and software, mainly reflecting project timing and softer investment activity in selected end-markets

Company press release: ID:nWkr6qt4bC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
SEK 1.11
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Munters Group AB is SEK215.00, about 29.8% above its July 16 closing price of SEK165.65
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)