Munters Group reports strong Q3 order intake, margins mixed

Munters Group AB delivered strong third-quarter results, with order intake soaring 70% year-over-year to SEK 7.1 billion, surpassing analyst expectations by 42%. The surge was largely fueled by the company's Data Center Technologies (DCT) segment, which saw orders more than double year-over-year and came in approximately twice analyst estimates at SEK 1.8 billion.

Adjusted EBITA for the quarter totaled SEK 546 million, marking a 10% improvement over expectations and a margin of 12.2% compared to 13.5% in the same period last year.

AirTech recorded SEK 2.2 billion in sales, a 24% increase year-over-year. Although the segment's adjusted EBITA more than doubled to SEK 283 million, margins expanded to 12.9% from 7.0%, representing a significant improvement. FoodTech sales grew by 3% to SEK 502 million, with margins at 17.5%, compared to 19.4% in the previous quarter. Despite these positive results, the company reaffirmed its 2026 outlook, anticipating improved second-half profitability driven by DCT backlog conversion and AirTech margin enhancements.