)

Munters (MTRS) investor relations material
Munters Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
- Achieved strong order intake and net sales growth, led by Data Center Technologies (DCT) and FoodTech, while AirTech/AdTech faced challenges from a weak battery market and lower volumes. 
- Profitability remained solid, though adjusted EBITA margin declined to 13.5% from 16.3% due to AirTech/AdTech performance, product mix, and currency headwinds. 
- Strategic investments, cost-saving, and restructuring measures are underway to enhance resilience and support long-term growth. 
- Divestment of FoodTech Equipment completed, focusing the business on digital and service-driven segments. 
Financial highlights
- Order intake increased by 57% year-over-year (70% in comparable currency), with net sales up 17% to SEK 3,798m. 
- Adjusted EBITA margin at 13.5%, down from 16.3% year-over-year, mainly due to AirTech/AdTech performance and currency effects. 
- Net income was SEK 194m, down from SEK 238m; EPS SEK 1.05 (1.23). 
- Operating working capital reduced to 8.3% of net sales, well below the target range. 
- Net debt increased to SEK 6,736m, with leverage at 2.8x, driven by acquisitions, green bond issuance, and lease liabilities. 
Outlook and guidance
- DCT and FoodTech expected to maintain strong growth, supported by digitalization, regulatory drivers, and data center demand. 
- AirTech/AdTech market, especially battery, anticipated to remain subdued through most of 2026, with order intake in the 10%-20% range. 
- Cost-saving and restructuring measures in AirTech/AdTech to yield SEK 250–300 million in annual savings by end of 2026, with a SEK 150 million restructuring charge. 
- CapEx expected to remain above historical levels in the near term due to ongoing investments in capacity and innovation. 
Next Munters earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, 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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
Frequently asked questions
- 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. 
Explore our global coverage
)
)