Q1 2026 Munters Group AB Earnings Call Transcript
Key Points
- Munters Group AB (MMNNF) reported strong demand across all business areas, with a book-to-bill ratio of about 1.3.
- The company experienced a significant increase in order backlog, particularly in data center technologies, with orders to be delivered mainly in 2026 and 2027.
- Operational progress was in line with plans, with a focus on building, scaling, and accelerating growth in data center technology.
- The company achieved positive organic growth across all business areas despite currency headwinds.
- Munters Group AB (MMNNF) is making strong progress in sustainability, with 91% renewable electricity usage across production sites.
- Margins were impacted by temporary factors, including a 4% tariff headwind and product transitions.
- The company faced a significant order cancellation in AirTech, amounting to 280 million Swedish krona.
- Currency headwinds negatively affected reported net sales by 12%.
- The ramp-up of new production facilities is expected to temporarily impact margins due to lower initial efficiency.
- Leverage increased to 3.1 from 2.9, partly due to strategic investments and contingent considerations.
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Good morning and welcome to this presentation of Munters Q1 2026 results.
My name Line Dovärn and I'm Head of Investor Relations, joined here by CEO, Klas Forsström and CFO Katharina Fischer.
Klas and Katharina will go through the results of Q1 and then we will open up for Q&A.
So, with that, I will hand over to you, Claus.
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Thank you very much, Line.
Once again, good morning and very much welcome.
A solid start to the year.
So let me summarize the quarter like this.
Good to strong demand across all business areas. A book to bill about one in all business areas.
I feel it has been a well-executed quarter based on our plans.
Build, scale and accelerate growth step by step in data centre technology.
Reset air tech and start to grow the base business.
Capture growth and continue to scale in food tech.
Operational progress in
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