Sweden's Munters Q4 sales decline on lower AirTech volumes

Munters AB

29/01/2026 06:42

Overview

Sweden's air treatment firm reported Q4 order intake up 191%, driven by Data Center Technologies

Q4 net sales declined 8%, impacted by currency effects and lower AirTech volumes

Adjusted EBITA margin declined due to temporary tariff headwinds and AirTech underutilization

Outlook

Munters expects historically high turnover for full-year 2026, stronger in the second half

Company anticipates improved DCT margins in H2 2026 as tariff effects ease

Munters expects FoodTech growth driven by digital solutions and regional expansion

Result Drivers

DCT DEMAND - Order intake in Data Center Technologies increased 416%, driven by large orders for cooling solutions, reflecting strong demand and the impact of the Geoclima acquisition

AIRTECH CHALLENGES - Lower volumes and underutilization in AirTech due to weaker battery market and cautious US investment sentiment pressured margins

FOODTECH STABILITY - FoodTech reported stable order intake with strong profitability, though impacted by investments in digital offerings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-SEK 0.06


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 SEK205.00, about 23.5% above its January 28 closing price of SEK166.00

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nWkrbGqQ79

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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.)