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Sweden's Munters Q3 order intake jumps on data center demand

By Reuters News


Overview

  • Sweden air treatment firm's Q3 order intake rose 70%, led by Data Center Technologies and AirTech

  • Q3 net sales grew 18%, with AirTech and DCT contributing most to growth

  • Adjusted EBITA margin declined, pressured by DCT ramp-up and supply chain issues


Outlook

  • Munters maintains its outlook for 2026 unchanged

  • Company sees continued attractive long-term trends in key markets

  • Company says industry-wide supply chain constraints remain a factor going forward


Result Drivers

  • ORDER INTAKE - Co said strong demand in Data Center Technologies and AirTech drove 70% increase in order intake

  • AIRTECH AND DCT SALES - Net sales grew 18%, led by AirTech (Americas, APAC) and DCT (backlog execution, higher volumes)

  • DCT PROFITABILITY PRESSURE - DCT margin declined due to product mix changes, component shortages and ramp-up inefficiencies


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

SEK 1.16


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the electrical components & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Munters Group AB is SEK195.00, about 54.3% above its October 22 closing price of SEK126.35

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 21 three months ago


Reuters Recommended Reads

  • Oct 22 - Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%

  • Oct 22 - Norway's Atea beats Q3 revenue estimates on high demand for data center solutions

  • Oct 22 - Electrical products distributor Rexel Q3 sales up on US data center demand, lifts 2026 outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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