Munters Group AB
MTRS.ST
Stockholm Stock Exchange174.10
SEK
-1.65
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Munters Group AB
MTRS.ST
(Stockholm Stock Exchange)
Recent
price
174.10
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Munters Group AB (publ) is a Sweden-based global leader in climate control and air treatment solutions serving nearly 50 industries including food production, pharmaceutical, data centers, battery manufacturing, and agriculture. Founded in 1955 and headquartered in Stockholm, Munters operates through three main segments: AirTech, which manufactures and markets products and holistic solutions for controlling humidity and improving indoor climate; Data Center Technologies, focused on advanced climate cooling solutions using various heat rejection technologies; and FoodTech, delivering energy-efficient products and systems for optimal indoor climate in animal husbandry and horticultural industries. Its product portfolio includes air intakes and inlets, temperature and humidity control air treatment systems, fans, filters, heat exchangers, heaters, dehumidifiers, mist eliminators, air pollution control and volatile organic compounds (VOC) abatement technologies, controllers, automation solutions, and mass transfer equipment. The company operates 22 production plants globally with significant markets including the United States, China, Germany, the United Kingdom, Canada, and Sweden. Recent major developments include strong growth in Data Center Technologies and FoodTech driving an 11% increase in net sales in 2024, along with the acquisition of Airprotech, an Italian manufacturer of VOC control systems, supporting expansion in pollution control. Munters has invested in new production facilities, including new plants in Cork and Amesbury to increase capacity and improve workflows focused on energy efficiency and resource conservation. The company maintains a strategic focus on growth through electrification, digitalization, innovation, and operational efficiency. Cost-saving initiatives targeting annual savings of approximately SEK 250-300 million are underway, expected to be fully realized by the end of 2026, alongside a restructuring charge spread across late 2025 and early 2026. Munters prioritizes strengthening its financial resilience through improved cash flow management and working capital reductions, positioning itself to capitalize on megatrends such as digital transformation and clean energy adoption. Munters is majority-owned by Nordic Capital Fund VII and aims to be a top three market leader in prioritized segments including battery production, food production, and data center cooling. The company continues to expand its technology and global market reach through strategic acquisitions and investments in software and innovative climate control systems. Its comprehensive climate solutions enable customers to increase production quality, reduce energy and water consumption, and address air quality and sustainability challenges across diverse industrial and agricultural applications. Munters is committed to tailored solutions through close customer partnerships and a local presence that optimizes lead times and logistics efficiency globally.