)
Visual
test
Munters
Munters (MTRS) investor relations material
Munters Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary29 Jan, 2026
Executive summary
Achieved record order intake in 2025, up 191% in Q4 and 85% for the year, driven by strong DCT demand, especially in the Americas, with a book-to-bill ratio of 1.6.
Earnings weakened to a 10% adjusted EBITDA/EBITA margin in Q4 and 12.7% for the year, mainly due to tariffs, dual site costs, and underutilization in AirTech.
Net sales declined 8% in Q4 but increased 8% for the year, with growth in DCT and FoodTech offsetting AirTech weakness; strong cash flow from operating activities.
Entering 2026 with a robust order backlog, strong innovation pipeline, and expanded production capacity to support significant growth.
Board proposes a dividend of 1.6 SEK per share, representing 53% of net income from continuing operations.
Financial highlights
Q4 net sales: SEK 3,594m; full-year net sales: SEK 14,712m (+8% YoY); Q4 adjusted EBITA: SEK 358m; full-year adjusted EBITA: SEK 1,862m.
Q4 net income: SEK -8m; full-year net income: SEK 562m; operating working capital/net sales improved to 7.3%.
Leverage ratio stable at 2.9x; net debt increased to SEK 6,714m.
CapEx ratio: 7% in Q4, 5.8% for the year; continued investments in digitalization and capacity expansion.
Book-to-bill ratio: 1.6 for the group; 7.0 for DCT.
Outlook and guidance
2026 expected to be a record year for invoicing, with at least 30% higher DCT deliveries and potential for up to 40% increase depending on demand.
Adjusted EBITDA/EBITA margin expected to improve in H2 2026 as tariff impacts in DCT diminish and AirTech cost savings materialize.
DCT and FoodTech markets remain strong; AirTech outlook flat to positive, with non-battery segments showing growth.
FoodTech maintains a positive outlook, with ARR growth expected between 20%-30% annually.
Capex and tax rate expected to remain stable.
What specific indicators signal AirTech battery market recovery?
Quantify DCT tariff impact post-US production ramp-up
What is the expected ROI timeline for FoodTech's digital investments?
Quantify H2 DCT margin uplift from tariff ease
AirTech non-battery growth drivers for 2026
FoodTech full value chain expansion strategy
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 7 FebPGIL
Strong 9MFY26 growth with 13.2% higher revenue, margin gains, and upgraded credit ratings. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026.
Next Munters earnings date
Q1 202628 Apr, 2026
Munters
Next Munters earnings date
Q1 202628 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Munters Group develops and sells climate technology systems that are a vital component in ensuring food safety and climate sustainability in the food chain. The Group's products mainly focus on drying and cooling, ventilation, heating and refrigerating, i.e., climatesolutions for fermentation, transport, store rooms, cold stores and transport containers. The Group's business areas contribute to cleaner and more comfortable environments where people work and live. Munters' products are used for both cooling and dehumidification, indoor air quality improvement, comfort heating in commercial buildings, open-air cooling in solar power plants and different industrial processes.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage