View Future GrowthMunters Group 過去の業績過去 基準チェック /26Munters Groupは、平均年間7.3%の収益成長を遂げていますが、 Building業界の収益は、年間 減少しています。収益は、平均年間1.4% 16.7%収益成長率で 成長しています。 Munters Groupの自己資本利益率は9.4%であり、純利益率は3.3%です。主要情報7.28%収益成長率7.15%EPS成長率Building 業界の成長8.04%収益成長率16.73%株主資本利益率9.43%ネット・マージン3.30%次回の業績アップデート17 Jul 2026最近の業績更新お知らせ • Apr 29Munters Group AB (publ) to Report Q4, 2026 Results on Jan 28, 2027Munters Group AB (publ) announced that they will report Q4, 2026 results on Jan 28, 2027お知らせ • Jan 29+ 4 more updatesMunters Group AB (publ) to Report Q1, 2026 Results on Apr 28, 2026Munters Group AB (publ) announced that they will report Q1, 2026 results at 7:30 AM, Central European Standard Time on Apr 28, 2026お知らせ • Apr 29+ 2 more updatesMunters Group AB (publ) to Report Q3, 2025 Results on Oct 24, 2025Munters Group AB (publ) announced that they will report Q3, 2025 results on Oct 24, 2025お知らせ • Apr 15Munters Group AB (publ) to Report Q1, 2025 Results on Apr 29, 2025Munters Group AB (publ) announced that they will report Q1, 2025 results at 7:30 AM, Central European Standard Time on Apr 29, 2025Reported Earnings • Oct 22Third quarter 2024 earnings released: EPS: kr1.44 (vs kr1.43 in 3Q 2023)Third quarter 2024 results: EPS: kr1.44 (up from kr1.43 in 3Q 2023). Revenue: kr3.76b (up 5.6% from 3Q 2023). Net income: kr263.0m (up 1.2% from 3Q 2023). Profit margin: 7.0% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jul 18Second quarter 2024 earnings released: EPS: kr1.81 (vs kr1.41 in 2Q 2023)Second quarter 2024 results: EPS: kr1.81 (up from kr1.41 in 2Q 2023). Revenue: kr3.79b (up 7.2% from 2Q 2023). Net income: kr330.0m (up 29% from 2Q 2023). Profit margin: 8.7% (up from 7.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.すべての更新を表示Recent updatesNew Risk • Jun 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (92% net debt to equity). Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin).Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €15.18, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.86 per share.お知らせ • Jun 04Munters Group AB (publ) (OM:MTRS) acquired OPTIfarm Ltd.Munters Group AB (publ) (OM:MTRS) acquired OPTIfarm Ltd. on June 3, 2026. The acquisition strengthens the offering of operational intelligence solutions from Speria, the commercial brand for Munters FoodTech business area. Munters Group AB (publ) (OM:MTRS) completed the acquisition of OPTIfarm Ltd. on June 3, 2026.お知らせ • May 22Munters Group AB (Publ) Announces Executive Changes, Effective October 24, 2026Munters Group AB (publ) appointed Frank Pellegrino as Group Vice President and President of business area Data Center Technologies (DCT), and member of Munters Group Executive Management, effective October 24, 2026. He succeeds Stefan Aspman, who on the same date will assume the position as President and CEO of Munters Group, as previously announced. Frank Pellegrino has been with Munters for more than 13 years and has played a central role in building the data center business since its inception in 2016. He has been part of the DCT management team since the business area was introduced in 2022 and has held several senior leadership positions, including VP Finance & Strategy and most recently Global Head of Sales & Strategy. Frank has been instrumental in scaling DCT into a global business -- expanding its geographic footprint, strengthening its offering, and driving a customer-centric approach with strong deployment discipline in portfolio and commercial execution. Over the past four years, DCT has delivered a remarkable step-change in performance across revenue growth, delivery capability, profitability, and capital efficiency, built on clear strategic priorities and close customer proximity. Frank Pellegrino, born in 1980, is an American citizen. He holds a Master of Science from Bryant University, with a focus on business and finance. Frank has worked closely with Stefan Aspman for the past four years, ensuring strong continuity in both leadership and strategic direction as the business continues to scale. In addition to his operational responsibilities, Frank serves on several boards across Munters international operations, spanning Europe, Asia, North and South America.Declared Dividend • May 21Dividend of kr0.80 announcedShareholders will receive a dividend of kr0.80. Ex-date: 4th November 2026 Payment date: 10th November 2026 Dividend yield will be 4.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 23% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 199% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 09Munters Group AB Launches Speria as Commercial Brand for FoodTech BusinessMunters Group AB launched Speria, a new commercial brand for its FoodTech business area. Speria brings together FoodTech's technologies, software, and services into one connected offering, strengthening its capabilities as a global end-to-end technology and services partner across the food supply chain. Speria delivers operational intelligence solutions for food systems, helping producers and integrators run more efficient, predictable, and productive operations. Speria builds on Munters' role inside mission-critical operations, where controllers, sensors, and gateways run and monitor farm-level operations, capturing real-time data directly from operations. This data is sent to optimization software and expert services that plan and coordinate operations across the supply chain. Together, these capabilities connect planning, execution, and performance, turning fragmented data into clear, prioritized guidance and impact. FoodTech currently operates through five brands: MTech Systems for supply chain optimization software, and four differentiated controller brands, Hotraco, Rotem, InoBram and AEI. With the launch of Speria, FoodTech's products and brands will be brought closer together to enable a more connected and unified offering. Over time, MTech Systems will transition into Speria. Speria will also serve as the commercial brand for integrated offerings, meaning solutions that combine products and services from more than one brand. The four controller brands will continue to operate as product brands under the Speria umbrella. What customers buy and the teams they work with in Munters FoodTech does not change. There are no changes to the legal structure, governance, or customer agreements as part of this launch.お知らせ • Apr 30+ 1 more updateMunters Group AB (publ) Approves Dividend, Payable on 8 May 2026 and 10 November 2026 RespectivelyMunters Group AB (publ), at the AGM held on April 30, 2026 approved that dividend is to be distributed with SEK 1.60 per share, to be paid in two equal instalments of SEK 0.80, and that the record dates for payment of the dividend should be 5 May 2026 and 5 November 2026. The dividend is expected to be distributed by Euroclear Sweden AB on 8 May 2026 and 10 November 2026.お知らせ • Apr 29Munters Group AB (publ) to Report Q4, 2026 Results on Jan 28, 2027Munters Group AB (publ) announced that they will report Q4, 2026 results on Jan 28, 2027お知らせ • Mar 12+ 1 more updateMunters Group AB Announces CEO ChangesMunters Group AB (publ) announced a planned CEO succession. Klas Forsström, CEO, will step down from his position in connection with the publication of Munters interim report for the third quarter of 2026 . The Board of Directors has appointed Stefan Aspman as the new CEO to succeed Klas Forsström. Stefan Aspman currently serves as President of the business area Data Center Technologies(DCT) and is a member of the executive management team. Stefan Aspman is in his sixth year at Munters and has been a member of the executive management team since joining the company in 2021. He has served as President of DCT and Group Vice President since mid-2022. From 2021 to early 2023, he also held the role of Group Vice President Commercial Excellence, with responsibility for commercial development, group strategic marketing, communications, and brand, and played a key role in strengthening Munters commercial operating models and establishing the company’s new business area. Following the publication of Munters interim report for the third quarter of 2026, Klas Forsström will remain with Munters in an advisory capacity until 31 December 2026, ensuring continuity during the transition. Munters will commence the recruitment process for a new President of DCT. Before joining Munters, Stefan Aspman spent eleven years at Sandvik in senior strategic leadership roles across finance, commercial and technical functions, including Business Control, Strategy and Product Development Processes. He led the Offer Project Office at Sandvik Coromant within PM and R&D, as well as served as Global Head of Commercial Pricing & Profitability Management for the business area Sandvik Machining Solutions. He also brings experience as a business strategy consultant through his own ventures, as well as extensive international leadership experience. Stefan Aspman holds a Master of Science in Business and Economics with a Major in Business Administration and Management from Dalarna University, studies at Uppsala University, and Beijing Jiaotong University, China.お知らせ • Jan 30Munters Group AB (publ), Annual General Meeting, Apr 30, 2026Munters Group AB (publ), Annual General Meeting, Apr 30, 2026.お知らせ • Jan 29+ 4 more updatesMunters Group AB (publ) to Report Q1, 2026 Results on Apr 28, 2026Munters Group AB (publ) announced that they will report Q1, 2026 results at 7:30 AM, Central European Standard Time on Apr 28, 2026お知らせ • May 31Grain & Protein Technologies completed the acquisition of FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS).Grain & Protein Technologies signed an agreement to acquire FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS) for SEK 1.1 billion on February 9, 2025. A cash consideration of for SEK 1.1 billion will be paid by Grain & Protein Technologies. As part of consideration, for SEK 1.1 billion is paid towards assets of FoodTech Equipment offering of Munters Group AB. The divestment includes production facilities across Italy, Germany, China and US, one assembly hub in South Africa and three sales offices. For the period ending December 31, 2024, FoodTech Equipment offering of Munters Group AB reported total revenue of SEK 1.93 billion. The divestment is anticipated to close during the first half of 2025, subject to regulatory approvals and other customary closing conditions. Sidley Austin LLP acted as legal advisor and Santander US Capital Markets LLC acted as financial advisor to Grain & Protein Technologies. Mannheimer Swartling Advokatbyrå Aktiebolag acted as legal advisor and Reinier Henneman, Hans Pronk, Federico Lovison, Nuno Cruz of Rabobank acted as financial advisor to Munters Group. Grain & Protein Technologies completed the acquisition of FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS) on May 30, 2025.お知らせ • May 15Munters Group AB (Publ) Approves Dividend, Payable on 21 May 2025 and 20 November 2025, RespectivelyMunters Group AB (publ) at its AGM to held on May 14, 2025 approved dividend is to be distributed with SEK 1.60 per share, to be paid in two equal instalments of SEK 0.80, and that the record dates for payment of the dividend should be 16 May 2025 and 17 November 2025. If the annual general meeting resolves in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden AB on 21 May 2025 and 20 November 2025.お知らせ • Apr 29+ 2 more updatesMunters Group AB (publ) to Report Q3, 2025 Results on Oct 24, 2025Munters Group AB (publ) announced that they will report Q3, 2025 results on Oct 24, 2025お知らせ • Apr 15Munters Group AB (publ) to Report Q1, 2025 Results on Apr 29, 2025Munters Group AB (publ) announced that they will report Q1, 2025 results at 7:30 AM, Central European Standard Time on Apr 29, 2025お知らせ • Feb 11Grain & Protein Technologies signed an agreement to acquire FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS) for SEK 1.1 billion.Grain & Protein Technologies signed an agreement to acquire FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS) for SEK 1.1 billion on February 9, 2025. A cash consideration of for SEK 1.1 billion will be paid by Grain & Protein Technologies. As part of consideration, for SEK 1.1 billion is paid towards assets of FoodTech Equipment offering of Munters Group AB. The divestment includes ?ve production facilities across Italy, Germany, China and US, one assembly hub in South Africa and three sales offices. For the period ending December 31, 2024, FoodTech Equipment offering of Munters Group AB reported total revenue of SEK 1.93 billion. The divestment is anticipated to close during the first half of 2025, subject to regulatory approvals and other customary closing conditions.お知らせ • Feb 06Munters Group AB (publ), Annual General Meeting, May 14, 2025Munters Group AB (publ), Annual General Meeting, May 14, 2025.お知らせ • Nov 29Munters Group AB Announces Executive ChangesMunters Group AB has appointed Line Dovärn as Head of Investor Relations (IR), she will take on her new position as of December 1, 2024. Line Dovärn has been appointed Head of IR for Munters. Line joined Munters in September 2021 as Director of Investor Relations and has over the years been a part of developing and driving the investor relations agenda for the group. She has many years of extensive experience from the financial sector, particularly in investor relations, credit analysis, and treasury management from Swedbank and Nordax Bank. Line will assume her position as of December 1, 2024 and report to the CFO. Line will succeed Ann-Sofi Jönsson who will leave the company in February 2025 for the position as Head of IR & Sustainability reporting at Electrolux Group.Reported Earnings • Oct 22Third quarter 2024 earnings released: EPS: kr1.44 (vs kr1.43 in 3Q 2023)Third quarter 2024 results: EPS: kr1.44 (up from kr1.43 in 3Q 2023). Revenue: kr3.76b (up 5.6% from 3Q 2023). Net income: kr263.0m (up 1.2% from 3Q 2023). Profit margin: 7.0% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 21Munters Group AB (publ) (OM:MTRS) agreed to acquire Hotraco Group B.V.Munters Group AB (publ) (OM:MTRS) agreed to acquire Hotraco Group B.V. on October 21, 2024. he acquisition will be financed through existing credit facilities and is expected to be completed during the fourth quarter 2024. For the year ended 2023 Hotraco reported revenue of SEK 465 million.お知らせ • Oct 04Munters Group AB (Publ) Announces Retirement of Stefan Måhl as Group Vice President Business Excellence, Effective January 15, 2025Munters announced that Stefan Måhl, Group Vice President Business Excellence, has decided to leave the company. Stefan Måhl has held his current position since 2020 and has worked at Munters for nearly 20 years in various leadership positions. He will leave Munters to retire on January 15, 2025.Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €20.20, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 187% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.03 per share.Upcoming Dividend • Sep 17Upcoming dividend of kr0.65 per shareEligible shareholders must have bought the stock before 24 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.1%).Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €21.26, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.50 per share.Buy Or Sell Opportunity • Jul 19Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €16.95. The fair value is estimated to be €12.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 102% in the next 2 years.Reported Earnings • Jul 18Second quarter 2024 earnings released: EPS: kr1.81 (vs kr1.41 in 2Q 2023)Second quarter 2024 results: EPS: kr1.81 (up from kr1.41 in 2Q 2023). Revenue: kr3.79b (up 7.2% from 2Q 2023). Net income: kr330.0m (up 29% from 2Q 2023). Profit margin: 8.7% (up from 7.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 17Munters Group AB (publ) (OM:MTRS) signed an agreement to acquire Geoclima S.r.l.Munters Group AB (publ) (OM:MTRS) signed an agreement to acquire Geoclima S.r.l. on July 17, 2024. The proposed acquisition will be fully financed through existing credit facilities. For the period ending December 31, 2023, Geoclima S.r.l. reported total revenue of approximately SEK 460 million. The closing of the acquisition will occur after a restructuring of the legal entities of the Geoclima group is completed and is subject to customary closing conditions applicable in Italy and is expected to be completed in the second half of 2024.お知らせ • Jun 19Munters Group AB (Publ) Announces Changes in Group Executive Management TeamMunters Group AB (publ) expands and strengthens its Group Executive Management Team with two new members. Kaspar Kirchmann is appointed GVP Legal and Group Counsel and a new member of the Group Executive Management Team as of July 1, 2024. Kaspar joined Munters in 2017 and has held the position of General Counsel, VP Group Tax and Legal since 2023. Additionally, he is the secretary of the board since 2023. Prior to Munters, Kaspar was with PwC where he specialized in international transactions. Susann Johnsson is appointed GVP Communications and Brand and a new member of the Group Executive Management Team as of July 1, 2024. Susann has been VP Communications and Brand at Munters since she joined in 2021. Prior to Munters, Susann was VP Head of Group Brand at Telia Company and brings profound international experience within brand, communications and marketing. Kaspar and Susann have until now been members of the Extended Group Executive Management Team.お知らせ • May 23Munters Group AB (publ) to Report Fiscal Year 2024 Results on Feb 05, 2025Munters Group AB (publ) announced that they will report fiscal year 2024 results on Feb 05, 2025Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €18.15, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.62 per share.Buy Or Sell Opportunity • Apr 25Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to €18.15. The fair value is estimated to be €14.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 101% in the next 2 years.Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: kr1.19 (vs kr1.18 in 1Q 2023)First quarter 2024 results: EPS: kr1.19 (up from kr1.18 in 1Q 2023). Revenue: kr3.54b (up 11% from 1Q 2023). Net income: kr218.0m (up 1.9% from 1Q 2023). Profit margin: 6.2% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Mar 26Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 28% to €17.45. The fair value is estimated to be €14.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 22% per annum over the same time period.お知らせ • Mar 22+ 1 more updateMunters Group AB Elects Elizabeth Nugent as New Board MemberMunters Group AB at its annual general meeting held on March 21, 2024, elected Elizabeth Nugent as new board member.Upcoming Dividend • Mar 15Upcoming dividend of kr0.65 per shareEligible shareholders must have bought the stock before 22 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.4%).お知らせ • Feb 12Munters Group AB (publ) Announces Anna Westerberg Declines Re-Election from the BoardMunters Group AB (publ) announced that Anna Westerberg has declined re-election from the board.Reported Earnings • Feb 04Full year 2023 earnings released: EPS: kr4.30 (vs kr3.18 in FY 2022)Full year 2023 results: EPS: kr4.30 (up from kr3.18 in FY 2022). Revenue: kr13.9b (up 34% from FY 2022). Net income: kr784.0m (up 36% from FY 2022). Profit margin: 5.6% (in line with FY 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year.お知らせ • Feb 02Munters Group AB (publ) to Report Q3, 2024 Results on Oct 22, 2024Munters Group AB (publ) announced that they will report Q3, 2024 results on Oct 22, 2024お知らせ • Feb 01Munters Group AB (Publ) Proposes DividendThe Board of Directors pf proposed a dividend of SEK 1.30 (SEK 0.95) per share totaling a dividend of SEK 237 million (SEK 173 million) to be paid in two equal installments. This represents 30% (30%) of net income in 2023.お知らせ • Dec 05+ 1 more updateMunters Group AB (publ) to Report Q1, 2024 Results on Apr 23, 2024Munters Group AB (publ) announced that they will report Q1, 2024 results on Apr 23, 2024Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €11.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.67 per share.Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: kr1.43 (vs kr0.97 in 3Q 2022)Third quarter 2023 results: EPS: kr1.43 (up from kr0.97 in 3Q 2022). Revenue: kr3.56b (up 35% from 3Q 2022). Net income: kr260.0m (up 48% from 3Q 2022). Profit margin: 7.3% (up from 6.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year.Buying Opportunity • Oct 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €12.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 97% in the next 2 years.お知らせ • Sep 20Munters Group AB (publ), Annual General Meeting, Mar 21, 2024Munters Group AB (publ), Annual General Meeting, Mar 21, 2024.お知らせ • Sep 06Munters Group AB (publ) (OM:MTRS) signed an agreement to acquire ZECO Aircon Ltd. for an enterprise value of SEK 790 million.Munters Group AB (publ) (OM:MTRS) signed an agreement to acquire ZECO Aircon Ltd. for an enterprise value of SEK 790 million on September 4, 2023. The proposed acquisition will be fully financed through existing credit facilities. ZECO reported net sales of about SEK 510 million for FY 2022/2023, ending on the March 31, 2023. Closing of the acquisition is subject to customary closing conditions applicable in India. The deal is expected to be completed before year-end closing. The reported EBITA-margin of ZECO is accretive to the Munters Group.Recent Insider Transactions • Jul 27Group VP & President of FoodTech recently sold €249k worth of stockOn the 21st of July, Pia Linder sold around 22k shares on-market at roughly €11.50 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €780k more than they bought in the last 12 months.Reported Earnings • Jul 19Second quarter 2023 earnings released: EPS: kr1.41 (vs kr0.93 in 2Q 2022)Second quarter 2023 results: EPS: kr1.41 (up from kr0.93 in 2Q 2022). Revenue: kr3.54b (up 36% from 2Q 2022). Net income: kr256.0m (up 52% from 2Q 2022). Profit margin: 7.2% (up from 6.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year.お知らせ • Jun 15Munters Group AB (publ) (OM:MTRS) acquired Ste D'installations Frigorifiques Et Thermiques Du Nord Le Froid Maritime SA SIFT from Olivier Maes.Munters Group AB (publ) (OM:MTRS) acquired Ste D'installations Frigorifiques Et Thermiques Du Nord Le Froid Maritime SA SIFT from Olivier Maes on June 14, 2023. SIFT will remain a separate legal entity, while still operating under the SIFT name. Following the acquisition, Jean-Luc Breton, Regional Manager South Europe / Managing Director Munters France, will take on the role as Managing Director of SIFT. The owner Olivier Maes, will remain in the business to facilitate the transition to becoming a Munters business.Munters Group AB (publ) (OM:MTRS) completed the acquisition of Ste D'installations Frigorifiques Et Thermiques Du Nord Le Froid Maritime SA SIFT from Olivier Maes on June 14, 2023.お知らせ • May 18Munters Group AB (Publ) Approves Dividend, Payable on 25 May 2023Munters Group AB (publ) announced that at its Annual general meeting held on May 17, 2023, resolved in accordance with the board of directors’ proposal that dividend is to be distributed with SEK 0.95 per share, and that the record date for payment of the dividend should be 22 May 2023. The dividend is expected to be distributed by Euroclear Sweden AB on 25 May 2023.Upcoming Dividend • May 12Upcoming dividend of kr0.95 per share at 0.8% yieldEligible shareholders must have bought the stock before 19 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.2%).Reported Earnings • Mar 20Full year 2022 earnings released: EPS: kr3.18 (vs kr2.82 in FY 2021)Full year 2022 results: EPS: kr3.18 (up from kr2.82 in FY 2021). Revenue: kr10.4b (up 41% from FY 2021). Net income: kr577.0m (up 13% from FY 2021). Profit margin: 5.6% (down from 7.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 12Full year 2022 earnings released: EPS: kr3.18 (vs kr2.82 in FY 2021)Full year 2022 results: EPS: kr3.18 (up from kr2.82 in FY 2021). Revenue: kr10.4b (up 41% from FY 2021). Net income: kr577.0m (up 13% from FY 2021). Profit margin: 5.6% (down from 7.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.Recent Insider Transactions • Feb 12President & CEO recently bought €64k worth of stockOn the 9th of February, Klas Forsstrom bought around 8k shares on-market at roughly €8.04 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Klas has been a net seller over the last 12 months, reducing personal holdings by €335k.お知らせ • Feb 10Munters Group AB (publ) to Report Nine Months, 2023 Results on Oct 24, 2023Munters Group AB (publ) announced that they will report nine months, 2023 results on Oct 24, 2023お知らせ • Feb 09Munters Group AB (Publ) Proposes DividendThe Board of Directors of Munters Group AB (publ) proposed a dividend of SEK 0.95 (0.85) per share totaling a dividend of SEK 175 million (157).お知らせ • Dec 09Munters Group AB (publ) to Report First Half, 2023 Results on Jul 18, 2023Munters Group AB (publ) announced that they will report first half, 2023 results on Jul 18, 2023お知らせ • Nov 19+ 1 more updateMunters Group AB (publ) (OM:MTRS) acquired Hygromedia LLC.Munters Group AB (publ) (OM:MTRS) acquired Hygromedia LLC on November 18, 2022. Munters Group AB (publ) (OM:MTRS) completed the acquisition of Hygromedia LLC on November 18, 2022.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Anders Lindqvist was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Nov 10CFO Annette Kumlien Leaves Munters Group AB (Publ) for New AssignmentAnnette Kumlien CFO of Munters Group AB (publ) has announced that she has decided to leave the company for a new assignment. Annette will remain in her current role during her notice period, but for a maximum of six months. The process of recruiting a new CFO will be initiated immediately.お知らせ • Nov 03Munters Group AB (publ), Annual General Meeting, May 17, 2023Munters Group AB (publ), Annual General Meeting, May 17, 2023.お知らせ • Nov 02+ 1 more updateMunters Group AB (publ) to Report Fiscal Year 2022 Final Results on Feb 27, 2023Munters Group AB (publ) announced that they will report fiscal year 2022 final results on Feb 27, 2023Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: kr0.97 (vs kr0.76 in 3Q 2021)Third quarter 2022 results: EPS: kr0.97 (up from kr0.76 in 3Q 2021). Revenue: kr2.64b (up 42% from 3Q 2021). Net income: kr176.0m (up 28% from 3Q 2021). Profit margin: 6.7% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year.Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to €6.52, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Building industry in Europe. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.85 per share.Reported Earnings • Jul 16Second quarter 2022 earnings released: EPS: kr0.93 (vs kr0.46 in 2Q 2021)Second quarter 2022 results: EPS: kr0.93 (up from kr0.46 in 2Q 2021). Revenue: kr2.61b (up 43% from 2Q 2021). Net income: kr169.0m (up 104% from 2Q 2021). Profit margin: 6.5% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Board Change • May 31Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Anna Westerberg was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 26Munters Appoints Stefan Aspman as President of Business Area Data Center TechnologiesMunters is doing an organizational change where Data Center Technologies becomes a new business area from July 1, 2022. Stefan Aspman, currently Group Vice President and Head of Commercial Excellence and Strategic Marketing at Munters, has been appointed President of business area Data Center Technologies. Initially, Stefan will combine this new role with his current assignment.お知らせ • May 19+ 1 more updateMunters Group AB (publ) Approves Board ElectionsMunters Group AB (publ) announced that at its AGM held on May 18, 2022, the shareholders elected Magnus Nicolin, Maria Håkansson and Anders Lindqvist as new board members. Magnus Nicolin was elected as chairman of the board of directors.Upcoming Dividend • May 12Upcoming dividend of kr0.85 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (3.1%).お知らせ • May 12Munters Group AB (Publ) Appoints Henrik Teiwik as Group Vice President and President Business Area AirtechMunters Group AB (publ) announced that Henrik Teiwik has been appointed Group Vice President and President for business area AirTech and will join Munters’ management team. Henrik has extensive leadership experience as CEO of Handicare Group and before that as Vice President at Alimak Group. Those roles included an IPO process, M&A processes, board assignments as well as other areas. He has previously held a number of highly qualified positions such as Associate Principal at McKinsey & Company, mainly focused on the industrial sector, with broad international experience. Henrik has lived in the US, Germany and Australia and has worked globally. Henrik will assume his position on 15 August 2022. Klas Forsström, who has held the position as interim President AirTech, will continue in his role as President and CEO at Munters.Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: kr0.57 (vs kr0.88 in 1Q 2021)First quarter 2022 results: EPS: kr0.57 (down from kr0.88 in 1Q 2021). Revenue: kr2.12b (up 32% from 1Q 2021). Net income: kr104.0m (down 35% from 1Q 2021). Profit margin: 4.9% (down from 9.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.66, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.10 per share.Recent Insider Transactions • Feb 11President recently bought €68k worth of stockOn the 8th of February, Klas Forsstrom bought around 11k shares on-market at roughly €6.50 per share. This was the largest purchase by an insider in the last 3 months. Klas has been a buyer over the last 12 months, purchasing a net total of €146k worth in shares.お知らせ • Feb 05+ 1 more updateMunters Group AB (publ) to Report Fiscal Year 2022 Results on Feb 09, 2023Munters Group AB (publ) announced that they will report fiscal year 2022 results on Feb 09, 2023お知らせ • Feb 04Munters Group AB (Publ) Proposes DividendMunters Group AB (publ) announced board of directors proposed a dividend of 0.85 (0.70) SEK per share for 2021 totaling a dividend of MSEK 157 (129).お知らせ • Jan 25Munters Group AB (publ) (OM:MTRS) acquired Edpac International Limited for €29 million.Munters Group AB (publ) (OM:MTRS) acquired Edpac International Limited for €29 million on January 24, 2022. For the year ending on April 30, 2021, Edpac International Limited reported net sales of €27 million and adjusted EBITDA €1.7 million. The transaction will not have a significant impact on Munters earnings per share in current financial year. Munters Group AB (publ) (OM:MTRS) completed the acquisition of Edpac International Limited on January 24, 2022.Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS kr0.76 (vs kr0.89 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: kr1.86b (up 1.3% from 3Q 2020). Net income: kr138.0m (down 15% from 3Q 2020). Profit margin: 7.4% (down from 8.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Sep 02Director recently bought €5.0m worth of stockOn the 31st of August, Hakan Buskhe bought around 650k shares on-market at roughly €7.76 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €3.1m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Aug 15Executive Officer recently sold €1.2m worth of stockOn the 12th of August, Peter Gisel-Ekdahl sold around 154k shares on-market at roughly €7.88 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months.Recent Insider Transactions • Jul 27Group Vice President of Human Resources recently sold €137k worth of stockOn the 23rd of July, Sofia Gellar sold around 18k shares on-market at roughly €7.66 per share. In the last 3 months, there was an even bigger sale from another insider worth €295k. Insiders have been net sellers, collectively disposing of €665k more than they bought in the last 12 months.Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS kr0.46 (vs kr0.21 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr1.82b (up 2.8% from 2Q 2020). Net income: kr83.0m (up 118% from 2Q 2020). Profit margin: 4.6% (up from 2.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Jun 19Group Vice President of Human Resources recently sold €141k worth of stockOn the 16th of June, Sofia Gellar sold around 18k shares on-market at roughly €7.86 per share. In the last 3 months, there was an even bigger sale from another insider worth €295k. Insiders have been net sellers, collectively disposing of €528k more than they bought in the last 12 months.Recent Insider Transactions • Jun 13Key Executive recently sold €145k worth of stockOn the 8th of June, Stefan Mahl sold around 18k shares on-market at roughly €8.16 per share. In the last 3 months, there was an even bigger sale from another insider worth €295k. This was Stefan's only on-market trade for the last 12 months.Recent Insider Transactions • Jun 02Executive Officer recently sold €295k worth of stockOn the 25th of May, Peter Gisel-Ekdahl sold around 35k shares on-market at roughly €8.40 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €126k more than they bought in the last 12 months.お知らせ • May 21Munters Group AB (Publ) Approves Dividend for 2020, Payable on 21 May 2021Munters Group AB (publ), at its AGM, held on May 19, 2021, resolved in accordance with the board of director's proposal that dividend is to be distributed for 2020 with SEK 0.70 per share, and that the record date for payment of the dividend should be 21 May 2021. The dividend is expected to be distributed by Euroclear Sweden AB on 26 May 2021.収支内訳Munters Group の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史DB:1MS 収益、費用、利益 ( )SEK Millions日付収益収益G+A経費研究開発費31 Mar 2614,5784812,74148431 Dec 2514,7125502,84548730 Sep 2516,9077843,27052630 Jun 2516,3638163,18551231 Mar 2514,1478762,71244131 Dec 2413,5879072,56440830 Sep 2413,3238042,43740230 Jun 2413,6298402,42239631 Mar 2413,9097942,42337531 Dec 2313,9307842,38736030 Sep 2313,2828582,28531330 Jun 2312,3667732,16927731 Mar 2311,4406872,01825031 Dec 2210,3865771,87923630 Sep 229,4325821,71121330 Jun 228,6455441,57819531 Mar 227,8574571,47618331 Dec 217,3485131,40016230 Sep 217,1335491,36715830 Jun 217,1095741,33417231 Mar 217,0615291,33217531 Dec 207,0154261,35618630 Sep 207,0153341,37119830 Jun 206,9952701,43018931 Mar 207,0993351,48519431 Dec 197,1532821,58019730 Sep 197,0683111,30819730 Jun 196,8142701,29419831 Mar 196,4312801,25619531 Dec 186,4123161,19719130 Sep 186,4653631,47418030 Jun 186,4583561,48017831 Mar 186,6862531,53117631 Dec 176,6041741,54916730 Sep 176,6171271,58015830 Jun 176,625751,59014731 Mar 176,340751,49914131 Dec 166,040851,41513831 Dec 155,399-2071,291127質の高い収益: 1MSは 高品質の収益 を持っています。利益率の向上: 1MSの現在の純利益率 (3.3%)は、昨年(6.2%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 1MSの収益は過去 5 年間で年間7.3%増加しました。成長の加速: 1MSは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 1MSは過去 1 年間で収益成長率がマイナス ( -45.1% ) となったため、 Building業界平均 ( 7.9% ) と比較することが困難です。株主資本利益率高いROE: 1MSの 自己資本利益率 ( 9.4% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCapital-goods 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/28 03:35終値2026/06/26 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Munters Group AB (publ) 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関null nullABG Sundal CollierSimon JonssonBerenbergKenneth Toll JohanssonCarnegie Investment Bank AB9 その他のアナリストを表示
お知らせ • Apr 29Munters Group AB (publ) to Report Q4, 2026 Results on Jan 28, 2027Munters Group AB (publ) announced that they will report Q4, 2026 results on Jan 28, 2027
お知らせ • Jan 29+ 4 more updatesMunters Group AB (publ) to Report Q1, 2026 Results on Apr 28, 2026Munters Group AB (publ) announced that they will report Q1, 2026 results at 7:30 AM, Central European Standard Time on Apr 28, 2026
お知らせ • Apr 29+ 2 more updatesMunters Group AB (publ) to Report Q3, 2025 Results on Oct 24, 2025Munters Group AB (publ) announced that they will report Q3, 2025 results on Oct 24, 2025
お知らせ • Apr 15Munters Group AB (publ) to Report Q1, 2025 Results on Apr 29, 2025Munters Group AB (publ) announced that they will report Q1, 2025 results at 7:30 AM, Central European Standard Time on Apr 29, 2025
Reported Earnings • Oct 22Third quarter 2024 earnings released: EPS: kr1.44 (vs kr1.43 in 3Q 2023)Third quarter 2024 results: EPS: kr1.44 (up from kr1.43 in 3Q 2023). Revenue: kr3.76b (up 5.6% from 3Q 2023). Net income: kr263.0m (up 1.2% from 3Q 2023). Profit margin: 7.0% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jul 18Second quarter 2024 earnings released: EPS: kr1.81 (vs kr1.41 in 2Q 2023)Second quarter 2024 results: EPS: kr1.81 (up from kr1.41 in 2Q 2023). Revenue: kr3.79b (up 7.2% from 2Q 2023). Net income: kr330.0m (up 29% from 2Q 2023). Profit margin: 8.7% (up from 7.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (92% net debt to equity). Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin).
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €15.18, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.86 per share.
お知らせ • Jun 04Munters Group AB (publ) (OM:MTRS) acquired OPTIfarm Ltd.Munters Group AB (publ) (OM:MTRS) acquired OPTIfarm Ltd. on June 3, 2026. The acquisition strengthens the offering of operational intelligence solutions from Speria, the commercial brand for Munters FoodTech business area. Munters Group AB (publ) (OM:MTRS) completed the acquisition of OPTIfarm Ltd. on June 3, 2026.
お知らせ • May 22Munters Group AB (Publ) Announces Executive Changes, Effective October 24, 2026Munters Group AB (publ) appointed Frank Pellegrino as Group Vice President and President of business area Data Center Technologies (DCT), and member of Munters Group Executive Management, effective October 24, 2026. He succeeds Stefan Aspman, who on the same date will assume the position as President and CEO of Munters Group, as previously announced. Frank Pellegrino has been with Munters for more than 13 years and has played a central role in building the data center business since its inception in 2016. He has been part of the DCT management team since the business area was introduced in 2022 and has held several senior leadership positions, including VP Finance & Strategy and most recently Global Head of Sales & Strategy. Frank has been instrumental in scaling DCT into a global business -- expanding its geographic footprint, strengthening its offering, and driving a customer-centric approach with strong deployment discipline in portfolio and commercial execution. Over the past four years, DCT has delivered a remarkable step-change in performance across revenue growth, delivery capability, profitability, and capital efficiency, built on clear strategic priorities and close customer proximity. Frank Pellegrino, born in 1980, is an American citizen. He holds a Master of Science from Bryant University, with a focus on business and finance. Frank has worked closely with Stefan Aspman for the past four years, ensuring strong continuity in both leadership and strategic direction as the business continues to scale. In addition to his operational responsibilities, Frank serves on several boards across Munters international operations, spanning Europe, Asia, North and South America.
Declared Dividend • May 21Dividend of kr0.80 announcedShareholders will receive a dividend of kr0.80. Ex-date: 4th November 2026 Payment date: 10th November 2026 Dividend yield will be 4.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 23% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 199% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 09Munters Group AB Launches Speria as Commercial Brand for FoodTech BusinessMunters Group AB launched Speria, a new commercial brand for its FoodTech business area. Speria brings together FoodTech's technologies, software, and services into one connected offering, strengthening its capabilities as a global end-to-end technology and services partner across the food supply chain. Speria delivers operational intelligence solutions for food systems, helping producers and integrators run more efficient, predictable, and productive operations. Speria builds on Munters' role inside mission-critical operations, where controllers, sensors, and gateways run and monitor farm-level operations, capturing real-time data directly from operations. This data is sent to optimization software and expert services that plan and coordinate operations across the supply chain. Together, these capabilities connect planning, execution, and performance, turning fragmented data into clear, prioritized guidance and impact. FoodTech currently operates through five brands: MTech Systems for supply chain optimization software, and four differentiated controller brands, Hotraco, Rotem, InoBram and AEI. With the launch of Speria, FoodTech's products and brands will be brought closer together to enable a more connected and unified offering. Over time, MTech Systems will transition into Speria. Speria will also serve as the commercial brand for integrated offerings, meaning solutions that combine products and services from more than one brand. The four controller brands will continue to operate as product brands under the Speria umbrella. What customers buy and the teams they work with in Munters FoodTech does not change. There are no changes to the legal structure, governance, or customer agreements as part of this launch.
お知らせ • Apr 30+ 1 more updateMunters Group AB (publ) Approves Dividend, Payable on 8 May 2026 and 10 November 2026 RespectivelyMunters Group AB (publ), at the AGM held on April 30, 2026 approved that dividend is to be distributed with SEK 1.60 per share, to be paid in two equal instalments of SEK 0.80, and that the record dates for payment of the dividend should be 5 May 2026 and 5 November 2026. The dividend is expected to be distributed by Euroclear Sweden AB on 8 May 2026 and 10 November 2026.
お知らせ • Apr 29Munters Group AB (publ) to Report Q4, 2026 Results on Jan 28, 2027Munters Group AB (publ) announced that they will report Q4, 2026 results on Jan 28, 2027
お知らせ • Mar 12+ 1 more updateMunters Group AB Announces CEO ChangesMunters Group AB (publ) announced a planned CEO succession. Klas Forsström, CEO, will step down from his position in connection with the publication of Munters interim report for the third quarter of 2026 . The Board of Directors has appointed Stefan Aspman as the new CEO to succeed Klas Forsström. Stefan Aspman currently serves as President of the business area Data Center Technologies(DCT) and is a member of the executive management team. Stefan Aspman is in his sixth year at Munters and has been a member of the executive management team since joining the company in 2021. He has served as President of DCT and Group Vice President since mid-2022. From 2021 to early 2023, he also held the role of Group Vice President Commercial Excellence, with responsibility for commercial development, group strategic marketing, communications, and brand, and played a key role in strengthening Munters commercial operating models and establishing the company’s new business area. Following the publication of Munters interim report for the third quarter of 2026, Klas Forsström will remain with Munters in an advisory capacity until 31 December 2026, ensuring continuity during the transition. Munters will commence the recruitment process for a new President of DCT. Before joining Munters, Stefan Aspman spent eleven years at Sandvik in senior strategic leadership roles across finance, commercial and technical functions, including Business Control, Strategy and Product Development Processes. He led the Offer Project Office at Sandvik Coromant within PM and R&D, as well as served as Global Head of Commercial Pricing & Profitability Management for the business area Sandvik Machining Solutions. He also brings experience as a business strategy consultant through his own ventures, as well as extensive international leadership experience. Stefan Aspman holds a Master of Science in Business and Economics with a Major in Business Administration and Management from Dalarna University, studies at Uppsala University, and Beijing Jiaotong University, China.
お知らせ • Jan 30Munters Group AB (publ), Annual General Meeting, Apr 30, 2026Munters Group AB (publ), Annual General Meeting, Apr 30, 2026.
お知らせ • Jan 29+ 4 more updatesMunters Group AB (publ) to Report Q1, 2026 Results on Apr 28, 2026Munters Group AB (publ) announced that they will report Q1, 2026 results at 7:30 AM, Central European Standard Time on Apr 28, 2026
お知らせ • May 31Grain & Protein Technologies completed the acquisition of FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS).Grain & Protein Technologies signed an agreement to acquire FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS) for SEK 1.1 billion on February 9, 2025. A cash consideration of for SEK 1.1 billion will be paid by Grain & Protein Technologies. As part of consideration, for SEK 1.1 billion is paid towards assets of FoodTech Equipment offering of Munters Group AB. The divestment includes production facilities across Italy, Germany, China and US, one assembly hub in South Africa and three sales offices. For the period ending December 31, 2024, FoodTech Equipment offering of Munters Group AB reported total revenue of SEK 1.93 billion. The divestment is anticipated to close during the first half of 2025, subject to regulatory approvals and other customary closing conditions. Sidley Austin LLP acted as legal advisor and Santander US Capital Markets LLC acted as financial advisor to Grain & Protein Technologies. Mannheimer Swartling Advokatbyrå Aktiebolag acted as legal advisor and Reinier Henneman, Hans Pronk, Federico Lovison, Nuno Cruz of Rabobank acted as financial advisor to Munters Group. Grain & Protein Technologies completed the acquisition of FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS) on May 30, 2025.
お知らせ • May 15Munters Group AB (Publ) Approves Dividend, Payable on 21 May 2025 and 20 November 2025, RespectivelyMunters Group AB (publ) at its AGM to held on May 14, 2025 approved dividend is to be distributed with SEK 1.60 per share, to be paid in two equal instalments of SEK 0.80, and that the record dates for payment of the dividend should be 16 May 2025 and 17 November 2025. If the annual general meeting resolves in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden AB on 21 May 2025 and 20 November 2025.
お知らせ • Apr 29+ 2 more updatesMunters Group AB (publ) to Report Q3, 2025 Results on Oct 24, 2025Munters Group AB (publ) announced that they will report Q3, 2025 results on Oct 24, 2025
お知らせ • Apr 15Munters Group AB (publ) to Report Q1, 2025 Results on Apr 29, 2025Munters Group AB (publ) announced that they will report Q1, 2025 results at 7:30 AM, Central European Standard Time on Apr 29, 2025
お知らせ • Feb 11Grain & Protein Technologies signed an agreement to acquire FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS) for SEK 1.1 billion.Grain & Protein Technologies signed an agreement to acquire FoodTech Equipment offering from Munters Group AB (publ) (OM:MTRS) for SEK 1.1 billion on February 9, 2025. A cash consideration of for SEK 1.1 billion will be paid by Grain & Protein Technologies. As part of consideration, for SEK 1.1 billion is paid towards assets of FoodTech Equipment offering of Munters Group AB. The divestment includes ?ve production facilities across Italy, Germany, China and US, one assembly hub in South Africa and three sales offices. For the period ending December 31, 2024, FoodTech Equipment offering of Munters Group AB reported total revenue of SEK 1.93 billion. The divestment is anticipated to close during the first half of 2025, subject to regulatory approvals and other customary closing conditions.
お知らせ • Feb 06Munters Group AB (publ), Annual General Meeting, May 14, 2025Munters Group AB (publ), Annual General Meeting, May 14, 2025.
お知らせ • Nov 29Munters Group AB Announces Executive ChangesMunters Group AB has appointed Line Dovärn as Head of Investor Relations (IR), she will take on her new position as of December 1, 2024. Line Dovärn has been appointed Head of IR for Munters. Line joined Munters in September 2021 as Director of Investor Relations and has over the years been a part of developing and driving the investor relations agenda for the group. She has many years of extensive experience from the financial sector, particularly in investor relations, credit analysis, and treasury management from Swedbank and Nordax Bank. Line will assume her position as of December 1, 2024 and report to the CFO. Line will succeed Ann-Sofi Jönsson who will leave the company in February 2025 for the position as Head of IR & Sustainability reporting at Electrolux Group.
Reported Earnings • Oct 22Third quarter 2024 earnings released: EPS: kr1.44 (vs kr1.43 in 3Q 2023)Third quarter 2024 results: EPS: kr1.44 (up from kr1.43 in 3Q 2023). Revenue: kr3.76b (up 5.6% from 3Q 2023). Net income: kr263.0m (up 1.2% from 3Q 2023). Profit margin: 7.0% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 21Munters Group AB (publ) (OM:MTRS) agreed to acquire Hotraco Group B.V.Munters Group AB (publ) (OM:MTRS) agreed to acquire Hotraco Group B.V. on October 21, 2024. he acquisition will be financed through existing credit facilities and is expected to be completed during the fourth quarter 2024. For the year ended 2023 Hotraco reported revenue of SEK 465 million.
お知らせ • Oct 04Munters Group AB (Publ) Announces Retirement of Stefan Måhl as Group Vice President Business Excellence, Effective January 15, 2025Munters announced that Stefan Måhl, Group Vice President Business Excellence, has decided to leave the company. Stefan Måhl has held his current position since 2020 and has worked at Munters for nearly 20 years in various leadership positions. He will leave Munters to retire on January 15, 2025.
Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €20.20, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 187% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.03 per share.
Upcoming Dividend • Sep 17Upcoming dividend of kr0.65 per shareEligible shareholders must have bought the stock before 24 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.1%).
Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €21.26, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.50 per share.
Buy Or Sell Opportunity • Jul 19Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to €16.95. The fair value is estimated to be €12.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 102% in the next 2 years.
Reported Earnings • Jul 18Second quarter 2024 earnings released: EPS: kr1.81 (vs kr1.41 in 2Q 2023)Second quarter 2024 results: EPS: kr1.81 (up from kr1.41 in 2Q 2023). Revenue: kr3.79b (up 7.2% from 2Q 2023). Net income: kr330.0m (up 29% from 2Q 2023). Profit margin: 8.7% (up from 7.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 17Munters Group AB (publ) (OM:MTRS) signed an agreement to acquire Geoclima S.r.l.Munters Group AB (publ) (OM:MTRS) signed an agreement to acquire Geoclima S.r.l. on July 17, 2024. The proposed acquisition will be fully financed through existing credit facilities. For the period ending December 31, 2023, Geoclima S.r.l. reported total revenue of approximately SEK 460 million. The closing of the acquisition will occur after a restructuring of the legal entities of the Geoclima group is completed and is subject to customary closing conditions applicable in Italy and is expected to be completed in the second half of 2024.
お知らせ • Jun 19Munters Group AB (Publ) Announces Changes in Group Executive Management TeamMunters Group AB (publ) expands and strengthens its Group Executive Management Team with two new members. Kaspar Kirchmann is appointed GVP Legal and Group Counsel and a new member of the Group Executive Management Team as of July 1, 2024. Kaspar joined Munters in 2017 and has held the position of General Counsel, VP Group Tax and Legal since 2023. Additionally, he is the secretary of the board since 2023. Prior to Munters, Kaspar was with PwC where he specialized in international transactions. Susann Johnsson is appointed GVP Communications and Brand and a new member of the Group Executive Management Team as of July 1, 2024. Susann has been VP Communications and Brand at Munters since she joined in 2021. Prior to Munters, Susann was VP Head of Group Brand at Telia Company and brings profound international experience within brand, communications and marketing. Kaspar and Susann have until now been members of the Extended Group Executive Management Team.
お知らせ • May 23Munters Group AB (publ) to Report Fiscal Year 2024 Results on Feb 05, 2025Munters Group AB (publ) announced that they will report fiscal year 2024 results on Feb 05, 2025
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €18.15, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.62 per share.
Buy Or Sell Opportunity • Apr 25Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to €18.15. The fair value is estimated to be €14.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 101% in the next 2 years.
Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: kr1.19 (vs kr1.18 in 1Q 2023)First quarter 2024 results: EPS: kr1.19 (up from kr1.18 in 1Q 2023). Revenue: kr3.54b (up 11% from 1Q 2023). Net income: kr218.0m (up 1.9% from 1Q 2023). Profit margin: 6.2% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Mar 26Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 28% to €17.45. The fair value is estimated to be €14.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 22% per annum over the same time period.
お知らせ • Mar 22+ 1 more updateMunters Group AB Elects Elizabeth Nugent as New Board MemberMunters Group AB at its annual general meeting held on March 21, 2024, elected Elizabeth Nugent as new board member.
Upcoming Dividend • Mar 15Upcoming dividend of kr0.65 per shareEligible shareholders must have bought the stock before 22 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.4%).
お知らせ • Feb 12Munters Group AB (publ) Announces Anna Westerberg Declines Re-Election from the BoardMunters Group AB (publ) announced that Anna Westerberg has declined re-election from the board.
Reported Earnings • Feb 04Full year 2023 earnings released: EPS: kr4.30 (vs kr3.18 in FY 2022)Full year 2023 results: EPS: kr4.30 (up from kr3.18 in FY 2022). Revenue: kr13.9b (up 34% from FY 2022). Net income: kr784.0m (up 36% from FY 2022). Profit margin: 5.6% (in line with FY 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year.
お知らせ • Feb 02Munters Group AB (publ) to Report Q3, 2024 Results on Oct 22, 2024Munters Group AB (publ) announced that they will report Q3, 2024 results on Oct 22, 2024
お知らせ • Feb 01Munters Group AB (Publ) Proposes DividendThe Board of Directors pf proposed a dividend of SEK 1.30 (SEK 0.95) per share totaling a dividend of SEK 237 million (SEK 173 million) to be paid in two equal installments. This represents 30% (30%) of net income in 2023.
お知らせ • Dec 05+ 1 more updateMunters Group AB (publ) to Report Q1, 2024 Results on Apr 23, 2024Munters Group AB (publ) announced that they will report Q1, 2024 results on Apr 23, 2024
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €11.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.67 per share.
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: kr1.43 (vs kr0.97 in 3Q 2022)Third quarter 2023 results: EPS: kr1.43 (up from kr0.97 in 3Q 2022). Revenue: kr3.56b (up 35% from 3Q 2022). Net income: kr260.0m (up 48% from 3Q 2022). Profit margin: 7.3% (up from 6.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year.
Buying Opportunity • Oct 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €12.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 97% in the next 2 years.
お知らせ • Sep 20Munters Group AB (publ), Annual General Meeting, Mar 21, 2024Munters Group AB (publ), Annual General Meeting, Mar 21, 2024.
お知らせ • Sep 06Munters Group AB (publ) (OM:MTRS) signed an agreement to acquire ZECO Aircon Ltd. for an enterprise value of SEK 790 million.Munters Group AB (publ) (OM:MTRS) signed an agreement to acquire ZECO Aircon Ltd. for an enterprise value of SEK 790 million on September 4, 2023. The proposed acquisition will be fully financed through existing credit facilities. ZECO reported net sales of about SEK 510 million for FY 2022/2023, ending on the March 31, 2023. Closing of the acquisition is subject to customary closing conditions applicable in India. The deal is expected to be completed before year-end closing. The reported EBITA-margin of ZECO is accretive to the Munters Group.
Recent Insider Transactions • Jul 27Group VP & President of FoodTech recently sold €249k worth of stockOn the 21st of July, Pia Linder sold around 22k shares on-market at roughly €11.50 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €780k more than they bought in the last 12 months.
Reported Earnings • Jul 19Second quarter 2023 earnings released: EPS: kr1.41 (vs kr0.93 in 2Q 2022)Second quarter 2023 results: EPS: kr1.41 (up from kr0.93 in 2Q 2022). Revenue: kr3.54b (up 36% from 2Q 2022). Net income: kr256.0m (up 52% from 2Q 2022). Profit margin: 7.2% (up from 6.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year.
お知らせ • Jun 15Munters Group AB (publ) (OM:MTRS) acquired Ste D'installations Frigorifiques Et Thermiques Du Nord Le Froid Maritime SA SIFT from Olivier Maes.Munters Group AB (publ) (OM:MTRS) acquired Ste D'installations Frigorifiques Et Thermiques Du Nord Le Froid Maritime SA SIFT from Olivier Maes on June 14, 2023. SIFT will remain a separate legal entity, while still operating under the SIFT name. Following the acquisition, Jean-Luc Breton, Regional Manager South Europe / Managing Director Munters France, will take on the role as Managing Director of SIFT. The owner Olivier Maes, will remain in the business to facilitate the transition to becoming a Munters business.Munters Group AB (publ) (OM:MTRS) completed the acquisition of Ste D'installations Frigorifiques Et Thermiques Du Nord Le Froid Maritime SA SIFT from Olivier Maes on June 14, 2023.
お知らせ • May 18Munters Group AB (Publ) Approves Dividend, Payable on 25 May 2023Munters Group AB (publ) announced that at its Annual general meeting held on May 17, 2023, resolved in accordance with the board of directors’ proposal that dividend is to be distributed with SEK 0.95 per share, and that the record date for payment of the dividend should be 22 May 2023. The dividend is expected to be distributed by Euroclear Sweden AB on 25 May 2023.
Upcoming Dividend • May 12Upcoming dividend of kr0.95 per share at 0.8% yieldEligible shareholders must have bought the stock before 19 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.2%).
Reported Earnings • Mar 20Full year 2022 earnings released: EPS: kr3.18 (vs kr2.82 in FY 2021)Full year 2022 results: EPS: kr3.18 (up from kr2.82 in FY 2021). Revenue: kr10.4b (up 41% from FY 2021). Net income: kr577.0m (up 13% from FY 2021). Profit margin: 5.6% (down from 7.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 12Full year 2022 earnings released: EPS: kr3.18 (vs kr2.82 in FY 2021)Full year 2022 results: EPS: kr3.18 (up from kr2.82 in FY 2021). Revenue: kr10.4b (up 41% from FY 2021). Net income: kr577.0m (up 13% from FY 2021). Profit margin: 5.6% (down from 7.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.
Recent Insider Transactions • Feb 12President & CEO recently bought €64k worth of stockOn the 9th of February, Klas Forsstrom bought around 8k shares on-market at roughly €8.04 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Klas has been a net seller over the last 12 months, reducing personal holdings by €335k.
お知らせ • Feb 10Munters Group AB (publ) to Report Nine Months, 2023 Results on Oct 24, 2023Munters Group AB (publ) announced that they will report nine months, 2023 results on Oct 24, 2023
お知らせ • Feb 09Munters Group AB (Publ) Proposes DividendThe Board of Directors of Munters Group AB (publ) proposed a dividend of SEK 0.95 (0.85) per share totaling a dividend of SEK 175 million (157).
お知らせ • Dec 09Munters Group AB (publ) to Report First Half, 2023 Results on Jul 18, 2023Munters Group AB (publ) announced that they will report first half, 2023 results on Jul 18, 2023
お知らせ • Nov 19+ 1 more updateMunters Group AB (publ) (OM:MTRS) acquired Hygromedia LLC.Munters Group AB (publ) (OM:MTRS) acquired Hygromedia LLC on November 18, 2022. Munters Group AB (publ) (OM:MTRS) completed the acquisition of Hygromedia LLC on November 18, 2022.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Anders Lindqvist was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Nov 10CFO Annette Kumlien Leaves Munters Group AB (Publ) for New AssignmentAnnette Kumlien CFO of Munters Group AB (publ) has announced that she has decided to leave the company for a new assignment. Annette will remain in her current role during her notice period, but for a maximum of six months. The process of recruiting a new CFO will be initiated immediately.
お知らせ • Nov 03Munters Group AB (publ), Annual General Meeting, May 17, 2023Munters Group AB (publ), Annual General Meeting, May 17, 2023.
お知らせ • Nov 02+ 1 more updateMunters Group AB (publ) to Report Fiscal Year 2022 Final Results on Feb 27, 2023Munters Group AB (publ) announced that they will report fiscal year 2022 final results on Feb 27, 2023
Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: kr0.97 (vs kr0.76 in 3Q 2021)Third quarter 2022 results: EPS: kr0.97 (up from kr0.76 in 3Q 2021). Revenue: kr2.64b (up 42% from 3Q 2021). Net income: kr176.0m (up 28% from 3Q 2021). Profit margin: 6.7% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to €6.52, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Building industry in Europe. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.85 per share.
Reported Earnings • Jul 16Second quarter 2022 earnings released: EPS: kr0.93 (vs kr0.46 in 2Q 2021)Second quarter 2022 results: EPS: kr0.93 (up from kr0.46 in 2Q 2021). Revenue: kr2.61b (up 43% from 2Q 2021). Net income: kr169.0m (up 104% from 2Q 2021). Profit margin: 6.5% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Board Change • May 31Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Anna Westerberg was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 26Munters Appoints Stefan Aspman as President of Business Area Data Center TechnologiesMunters is doing an organizational change where Data Center Technologies becomes a new business area from July 1, 2022. Stefan Aspman, currently Group Vice President and Head of Commercial Excellence and Strategic Marketing at Munters, has been appointed President of business area Data Center Technologies. Initially, Stefan will combine this new role with his current assignment.
お知らせ • May 19+ 1 more updateMunters Group AB (publ) Approves Board ElectionsMunters Group AB (publ) announced that at its AGM held on May 18, 2022, the shareholders elected Magnus Nicolin, Maria Håkansson and Anders Lindqvist as new board members. Magnus Nicolin was elected as chairman of the board of directors.
Upcoming Dividend • May 12Upcoming dividend of kr0.85 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (3.1%).
お知らせ • May 12Munters Group AB (Publ) Appoints Henrik Teiwik as Group Vice President and President Business Area AirtechMunters Group AB (publ) announced that Henrik Teiwik has been appointed Group Vice President and President for business area AirTech and will join Munters’ management team. Henrik has extensive leadership experience as CEO of Handicare Group and before that as Vice President at Alimak Group. Those roles included an IPO process, M&A processes, board assignments as well as other areas. He has previously held a number of highly qualified positions such as Associate Principal at McKinsey & Company, mainly focused on the industrial sector, with broad international experience. Henrik has lived in the US, Germany and Australia and has worked globally. Henrik will assume his position on 15 August 2022. Klas Forsström, who has held the position as interim President AirTech, will continue in his role as President and CEO at Munters.
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: kr0.57 (vs kr0.88 in 1Q 2021)First quarter 2022 results: EPS: kr0.57 (down from kr0.88 in 1Q 2021). Revenue: kr2.12b (up 32% from 1Q 2021). Net income: kr104.0m (down 35% from 1Q 2021). Profit margin: 4.9% (down from 9.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.66, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.10 per share.
Recent Insider Transactions • Feb 11President recently bought €68k worth of stockOn the 8th of February, Klas Forsstrom bought around 11k shares on-market at roughly €6.50 per share. This was the largest purchase by an insider in the last 3 months. Klas has been a buyer over the last 12 months, purchasing a net total of €146k worth in shares.
お知らせ • Feb 05+ 1 more updateMunters Group AB (publ) to Report Fiscal Year 2022 Results on Feb 09, 2023Munters Group AB (publ) announced that they will report fiscal year 2022 results on Feb 09, 2023
お知らせ • Feb 04Munters Group AB (Publ) Proposes DividendMunters Group AB (publ) announced board of directors proposed a dividend of 0.85 (0.70) SEK per share for 2021 totaling a dividend of MSEK 157 (129).
お知らせ • Jan 25Munters Group AB (publ) (OM:MTRS) acquired Edpac International Limited for €29 million.Munters Group AB (publ) (OM:MTRS) acquired Edpac International Limited for €29 million on January 24, 2022. For the year ending on April 30, 2021, Edpac International Limited reported net sales of €27 million and adjusted EBITDA €1.7 million. The transaction will not have a significant impact on Munters earnings per share in current financial year. Munters Group AB (publ) (OM:MTRS) completed the acquisition of Edpac International Limited on January 24, 2022.
Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS kr0.76 (vs kr0.89 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: kr1.86b (up 1.3% from 3Q 2020). Net income: kr138.0m (down 15% from 3Q 2020). Profit margin: 7.4% (down from 8.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Sep 02Director recently bought €5.0m worth of stockOn the 31st of August, Hakan Buskhe bought around 650k shares on-market at roughly €7.76 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €3.1m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Aug 15Executive Officer recently sold €1.2m worth of stockOn the 12th of August, Peter Gisel-Ekdahl sold around 154k shares on-market at roughly €7.88 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months.
Recent Insider Transactions • Jul 27Group Vice President of Human Resources recently sold €137k worth of stockOn the 23rd of July, Sofia Gellar sold around 18k shares on-market at roughly €7.66 per share. In the last 3 months, there was an even bigger sale from another insider worth €295k. Insiders have been net sellers, collectively disposing of €665k more than they bought in the last 12 months.
Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS kr0.46 (vs kr0.21 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr1.82b (up 2.8% from 2Q 2020). Net income: kr83.0m (up 118% from 2Q 2020). Profit margin: 4.6% (up from 2.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Jun 19Group Vice President of Human Resources recently sold €141k worth of stockOn the 16th of June, Sofia Gellar sold around 18k shares on-market at roughly €7.86 per share. In the last 3 months, there was an even bigger sale from another insider worth €295k. Insiders have been net sellers, collectively disposing of €528k more than they bought in the last 12 months.
Recent Insider Transactions • Jun 13Key Executive recently sold €145k worth of stockOn the 8th of June, Stefan Mahl sold around 18k shares on-market at roughly €8.16 per share. In the last 3 months, there was an even bigger sale from another insider worth €295k. This was Stefan's only on-market trade for the last 12 months.
Recent Insider Transactions • Jun 02Executive Officer recently sold €295k worth of stockOn the 25th of May, Peter Gisel-Ekdahl sold around 35k shares on-market at roughly €8.40 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €126k more than they bought in the last 12 months.
お知らせ • May 21Munters Group AB (Publ) Approves Dividend for 2020, Payable on 21 May 2021Munters Group AB (publ), at its AGM, held on May 19, 2021, resolved in accordance with the board of director's proposal that dividend is to be distributed for 2020 with SEK 0.70 per share, and that the record date for payment of the dividend should be 21 May 2021. The dividend is expected to be distributed by Euroclear Sweden AB on 26 May 2021.