Q2 2025 Munters Group AB Earnings Call Transcript
Key Points
- Munters Group AB (MMNNF) reported a strong order intake growth of 22%, with a robust margin of 13.6%.
- The company's strategic acquisitions have significantly contributed to growth, adding 21% to order intake and 10% to net sales.
- FoodTech has successfully transitioned to a software and IoT-driven portfolio, showing strong order intake and growth.
- The new state-of-the-art factory in Amesbury is expected to enhance production efficiency and support future growth.
- Munters Group AB (MMNNF) has made significant strides in sustainability, issuing green bonds and achieving zero CO2 emissions in its Brazil facility.
- AirTech experienced lower sales in the battery market, although it is believed to have reached the bottom.
- The adjusted EBITDA margin declined from the previous year's 18.2% to 13.6%, impacted by lower volumes and unfavorable mix effects.
- The company's net debt increased due to higher lease liabilities and recent acquisitions.
- There is a competitive market in APAC, impacting AirTech's regional mix and margins.
- The order backlog decreased by 13%, partly due to currency effects, indicating potential challenges in maintaining order levels.
Warm welcome to today's presentation of Munters Q2 results 2025. My name is Line Dovarn, and I'm Head of Investor Relations. Joined here by our CEO, Klas Forsstrom; and our CFO, Katharina Fischer. So we will, as always, start with a presentation from Klas and Katharina, and then we will open up for Q&As at the end. (Event Instructions)
So Klas, please go ahead.
Thank you, Line and good morning. Let me open up with some opening remarks and a few words about a quarter that has passed. A solid quarter, really showing our capabilities. And I feel that we delivered growth across all business areas. Generate an order intake growth of 21% -- 22% and an overall robust margin of 13.6%.
Both data center technology and FoodTech delivers on all aspects, and AirTech takes a step forward as planned. Extra pleasing to see that is that our latest M&As are delivering growth and profit really from day one.
FoodTech
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