Recent Insider Transactions • Jul 21
Insider recently bought kr395k worth of stock On the 17th of July, Stefan Aspman bought around 2k shares on-market at roughly kr180 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.7m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 19
Second quarter 2026 earnings released: EPS: kr1.11 (vs kr0.96 in 2Q 2025) Second quarter 2026 results: EPS: kr1.11 (up from kr0.96 in 2Q 2025). Revenue: kr3.81b (up 5.5% from 2Q 2025). Net income: kr202.0m (up 15% from 2Q 2025). Profit margin: 5.3% (up from 4.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Building industry in the United Kingdom. Declared Dividend • Jul 08
Dividend of kr0.80 announced Dividend of kr0.80 is the same as last year. Ex-date: 4th November 2026 Payment date: 10th November 2026 Dividend yield will be 1.0%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 61%. Cash payout ratio: 47%. Announcement • Jun 04
Munters 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. Declared Dividend • May 27
Dividend of kr0.80 announced Shareholders will receive a dividend of kr0.80. Ex-date: 4th November 2026 Payment date: 10th November 2026 Dividend yield will be 0.8%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 61%. Cash payout ratio: 47%. Announcement • May 21
Munters Group AB (Publ) Announces Executive Changes, Effective October 24, 2026 Munters 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 20
Dividend of kr0.80 announced Shareholders will receive a dividend of kr0.80. Ex-date: 4th November 2026 Payment date: 10th November 2026 Dividend yield will be 0.8%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 61%. Cash payout ratio: 47%. Announcement • May 08
Munters Group AB Launches Speria as Commercial Brand for FoodTech Business Munters 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. Announcement • Apr 28
Munters Group AB (publ) to Report Q4, 2026 Results on Jan 28, 2027 Munters Group AB (publ) announced that they will report Q4, 2026 results on Jan 28, 2027 Announcement • Jan 30
Munters Group AB (publ), Annual General Meeting, Apr 30, 2026 Munters Group AB (publ), Annual General Meeting, Apr 30, 2026. Announcement • May 31
Grain & 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. Announcement • May 15
Munters Group AB (Publ) Approves Dividend, Payable on 21 May 2025 and 20 November 2025, Respectively Munters 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. Announcement • Apr 15
Munters Group AB (publ) to Report Q1, 2025 Results on Apr 29, 2025 Munters Group AB (publ) announced that they will report Q1, 2025 results at 7:30 AM, Central European Standard Time on Apr 29, 2025 Announcement • Feb 11
Grain & 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. Announcement • Feb 06
Munters Group AB (publ), Annual General Meeting, May 14, 2025 Munters Group AB (publ), Annual General Meeting, May 14, 2025. Announcement • Nov 29
Munters Group AB Announces Executive Changes Munters 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. Announcement • Oct 21
Munters 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. Announcement • Oct 04
Munters Group AB (Publ) Announces Retirement of Stefan Måhl as Group Vice President Business Excellence, Effective January 15, 2025 Munters 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. Announcement • Jul 17
Munters 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. Announcement • Jun 19
Munters Group AB (Publ) Announces Changes in Group Executive Management Team Munters 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. Announcement • May 23
Munters Group AB (publ) to Report Fiscal Year 2024 Results on Feb 05, 2025 Munters Group AB (publ) announced that they will report fiscal year 2024 results on Feb 05, 2025 Upcoming Dividend • Mar 15
Upcoming dividend of kr0.65 per share Eligible 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 British dividend payers (6.2%). Lower than average of industry peers (3.7%). Board Change • Mar 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sabine Aissaoui was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
Full 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 8.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Building industry in the United Kingdom. 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 32% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 24
Less than half of directors are independent There 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: 4 independent directors. 6 non-independent directors. Independent Director Sabine Aissaoui was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Feb 12
Munters Group AB (publ) Announces Anna Westerberg Declines Re-Election from the Board Munters Group AB (publ) announced that Anna Westerberg has declined re-election from the board. Announcement • Feb 02
Munters Group AB (publ) to Report Q3, 2024 Results on Oct 22, 2024 Munters Group AB (publ) announced that they will report Q3, 2024 results on Oct 22, 2024 Announcement • Feb 01
Munters Group AB (Publ) Proposes Dividend The 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. Announcement • Dec 05
Munters Group AB (publ) to Report First Half, 2024 Results on Jul 17, 2024 Munters Group AB (publ) announced that they will report first half, 2024 results on Jul 17, 2024 Announcement • Sep 20
Munters Group AB (publ), Annual General Meeting, Mar 21, 2024 Munters Group AB (publ), Annual General Meeting, Mar 21, 2024. Announcement • Nov 03
Munters Group AB (publ), Annual General Meeting, May 17, 2023 Munters Group AB (publ), Annual General Meeting, May 17, 2023. 
