Munters Group Management
Management criteria checks 2/4
Munters Group's CEO is Klas Forsstrom, appointed in Aug 2019, has a tenure of 6.08 years. total yearly compensation is SEK29.43M, comprised of 29.8% salary and 70.2% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth SEK23.40M. The average tenure of the management team and the board of directors is 2.7 years and 3.3 years respectively.
Key information
Klas Forsstrom
Chief executive officer
SEK 29.4m
Total compensation
| CEO salary percentage | 29.79% |
| CEO tenure | 6.1yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.7yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
Estimating The Intrinsic Value Of Munters Group AB (publ) (STO:MTRS)
Aug 30
We Think Munters Group (STO:MTRS) Is Taking Some Risk With Its Debt
Aug 06Returns At Munters Group (STO:MTRS) Are On The Way Up
Jun 10With EPS Growth And More, Munters Group (STO:MTRS) Makes An Interesting Case
May 28Subdued Growth No Barrier To Munters Group AB (publ) (STO:MTRS) With Shares Advancing 38%
May 15Munters Group AB (publ)'s (STO:MTRS) CEO Looks Like They Deserve Their Pay Packet
May 08Brokers Are Upgrading Their Views On Munters Group AB (publ) (STO:MTRS) With These New Forecasts
May 05Is Munters Group (STO:MTRS) Using Too Much Debt?
Apr 22Shareholders Can Be Confident That Munters Group's (STO:MTRS) Earnings Are High Quality
Mar 15A Look At The Intrinsic Value Of Munters Group AB (publ) (STO:MTRS)
Mar 06Returns At Munters Group (STO:MTRS) Are On The Way Up
Feb 21
Data Center And FoodTech Segments Will Drive Future Success
Strategic growth in Data Center and FoodTech segments, with a focus on US market expansion and successful integration of Geoclima, signals strong future revenue potential.Earnings Tell The Story For Munters Group AB (publ) (STO:MTRS)
Feb 05When Should You Buy Munters Group AB (publ) (STO:MTRS)?
Dec 24Munters Group (STO:MTRS) Seems To Use Debt Quite Sensibly
Nov 27Investors Will Want Munters Group's (STO:MTRS) Growth In ROCE To Persist
Nov 14Why We're Not Concerned Yet About Munters Group AB (publ)'s (STO:MTRS) 25% Share Price Plunge
Oct 31Munters Group AB (publ) Just Missed EPS By 24%: Here's What Analysts Think Will Happen Next
Oct 25Calculating The Fair Value Of Munters Group AB (publ) (STO:MTRS)
Oct 15Does Munters Group (STO:MTRS) Deserve A Spot On Your Watchlist?
Oct 03Should You Investigate Munters Group AB (publ) (STO:MTRS) At kr220?
Sep 20What You Can Learn From Munters Group AB (publ)'s (STO:MTRS) P/E
Sep 08Here's Why Munters Group (STO:MTRS) Can Manage Its Debt Responsibly
Aug 27Is Munters Group AB (publ) (STO:MTRS) Potentially Undervalued?
Jun 22We Like These Underlying Return On Capital Trends At Munters Group (STO:MTRS)
Jun 10Earnings Tell The Story For Munters Group AB (publ) (STO:MTRS) As Its Stock Soars 38%
May 23Munters Group AB (publ) (STO:MTRS) Shares Could Be 33% Above Their Intrinsic Value Estimate
May 09Munters Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models
Apr 26Here's Why Munters Group AB (publ)'s (STO:MTRS) CEO May Deserve A Raise
Mar 15Is Munters Group (STO:MTRS) A Risky Investment?
Mar 11Munters Group AB (publ)'s (STO:MTRS) Price In Tune With Earnings
Jan 25Munters Group's (STO:MTRS) Returns On Capital Are Heading Higher
Jan 11What Does Munters Group AB (publ)'s (STO:MTRS) Share Price Indicate?
Dec 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | SEK 816m |
| Mar 31 2025 | n/a | n/a | SEK 942m |
| Dec 31 2024 | SEK 29m | SEK 9m | SEK 973m |
| Sep 30 2024 | n/a | n/a | SEK 843m |
| Jun 30 2024 | n/a | n/a | SEK 840m |
| Mar 31 2024 | n/a | n/a | SEK 794m |
| Dec 31 2023 | SEK 20m | SEK 8m | SEK 784m |
| Sep 30 2023 | n/a | n/a | SEK 858m |
| Jun 30 2023 | n/a | n/a | SEK 773m |
| Mar 31 2023 | n/a | n/a | SEK 687m |
| Dec 31 2022 | SEK 15m | SEK 8m | SEK 577m |
| Sep 30 2022 | n/a | n/a | SEK 582m |
| Jun 30 2022 | n/a | n/a | SEK 544m |
| Mar 31 2022 | n/a | n/a | SEK 457m |
| Dec 31 2021 | SEK 15m | SEK 7m | SEK 513m |
| Sep 30 2021 | n/a | n/a | SEK 549m |
| Jun 30 2021 | n/a | n/a | SEK 574m |
| Mar 31 2021 | n/a | n/a | SEK 529m |
| Dec 31 2020 | SEK 17m | SEK 7m | SEK 426m |
| Sep 30 2020 | n/a | n/a | SEK 334m |
| Jun 30 2020 | n/a | n/a | SEK 270m |
| Mar 31 2020 | n/a | n/a | SEK 335m |
| Dec 31 2019 | SEK 14m | SEK 3m | SEK 282m |
Compensation vs Market: Klas's total compensation ($USD3.13M) is above average for companies of similar size in the Swedish market ($USD1.20M).
Compensation vs Earnings: Klas's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Klas Forsstrom (58 yo)
Mr. Klas Forsstrom is Independent Director of Nolato AB (publ) from May 6, 2024 and serves as its Independent Chairman from May 6, 2025. Mr. Forsstrom joined the Nolato AB (publ) on May 6, 2024. Mr. Forsst...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 6.1yrs | SEK 29.43m | 0.11% SEK 23.4m | |
| Group VP & CFO | 2.7yrs | no data | 0.0039% SEK 806.4k | |
| Head of Investor Relations | less than a year | no data | no data | |
| Group Vice President of Legal & Counsel | 1.2yrs | no data | no data | |
| Group Vice President of Communications & Brand | 1.2yrs | no data | no data | |
| Group Vice President of HR & Sustainability | 3.9yrs | no data | 0.0044% SEK 897.0k | |
| Group VP & President of FoodTech | 5.1yrs | no data | 0.0063% SEK 1.3m | |
| Group VP & President of Data Center Technologies | 2.7yrs | no data | 0.0022% SEK 450.5k | |
| Group VP & President for AirTech | 3.1yrs | no data | 0.011% SEK 2.2m | |
| Senior Vice President of AirTech Americas | no data | no data | no data | |
| Senior Vice President of AirTech-EMEA | no data | no data | no data | |
| Business Unit Manager & MD of EMEA | no data | no data | no data |
Experienced Management: MTRS's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 3.3yrs | SEK 1.51m | 0.016% SEK 3.4m | |
| Independent Director | 8.6yrs | SEK 751.00k | 0.0027% SEK 563.7k | |
| Director | 8.3yrs | SEK 794.00k | 0.0066% SEK 1.4m | |
| Employee Representative Director | 15.7yrs | no data | no data | |
| Employee Representative Director | 8.7yrs | no data | 0.00019% SEK 39.1k | |
| Independent Director | 3.3yrs | SEK 637.00k | 0.0016% SEK 337.4k | |
| Independent Director | 3.3yrs | SEK 556.00k | 0.0016% SEK 337.4k | |
| Independent Director | 2.3yrs | SEK 634.00k | 0.00077% SEK 158.4k | |
| Independent Director | 1.5yrs | SEK 437.00k | no data | |
| Employee Representative Deputy Director | 1.7yrs | no data | no data | |
| Employee Representative Deputy Director | 1.7yrs | no data | no data |
Experienced Board: MTRS's board of directors are considered experienced (3.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/26 14:18 |
| End of Day Share Price | 2025/09/26 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Munters Group AB (publ) is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Simon Jonsson | Berenberg |
| Karl Vikström | Berenberg |