Sweden's Munters Q3 order intake jumps on data center demand

Munters AB

23/10/2026 06:43

Overview
Sweden air treatment firm's Q3 order intake rose 70%, led by Data Center Technologies and AirTech
Q3 net sales grew 18%, with AirTech and DCT contributing most to growth
Adjusted EBITA margin declined, pressured by DCT ramp-up and supply chain issues

Outlook
Munters maintains its outlook for 2026 unchanged
Company sees continued attractive long-term trends in key markets
Company says industry-wide supply chain constraints remain a factor going forward

Result Drivers
ORDER INTAKE - Co said strong demand in Data Center Technologies and AirTech drove 70% increase in order intake
AIRTECH AND DCT SALES - Net sales grew 18%, led by AirTech (Americas, APAC) and DCT (backlog execution, higher volumes)
DCT PROFITABILITY PRESSURE - DCT margin declined due to product mix changes, component shortages and ramp-up inefficiencies

Company press release: ID:nWkr9KQ9Lf

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
SEK 1.16
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "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 SEK195.00, about 54.3% above its October 22 closing price of SEK126.35
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
Oct 22 - Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%
Oct 22 - Norway's Atea beats Q3 revenue estimates on high demand for data center solutions
Oct 22 - Electrical products distributor Rexel Q3 sales up on US data center demand, lifts 2026 outlook

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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.)