Munters Group AB (publ)

OTCPK:MMNN.F Stock Report

Market Cap: US$3.6b

Munters Group Management

Management criteria checks 4/4

Munters Group's CEO is Klas Forsstrom, appointed in Aug 2019, has a tenure of 6.42 years. total yearly compensation is SEK24.36M, comprised of 35.4% salary and 64.6% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth $4.08M. The average tenure of the management team and the board of directors is 3 years and 3.7 years respectively.

Key information

Klas Forsstrom

Chief executive officer

SEK 24.4m

Total compensation

CEO salary percentage35.40%
CEO tenure6.4yrs
CEO ownership0.1%
Management average tenure3yrs
Board average tenure3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Klas Forsstrom's remuneration changed compared to Munters Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

SEK 784m

Jun 30 2025n/an/a

SEK 816m

Mar 31 2025n/an/a

SEK 942m

Dec 31 2024SEK 24mSEK 9m

SEK 973m

Sep 30 2024n/an/a

SEK 804m

Jun 30 2024n/an/a

SEK 840m

Mar 31 2024n/an/a

SEK 794m

Dec 31 2023SEK 22mSEK 8m

SEK 784m

Sep 30 2023n/an/a

SEK 858m

Jun 30 2023n/an/a

SEK 773m

Mar 31 2023n/an/a

SEK 687m

Dec 31 2022SEK 15mSEK 8m

SEK 577m

Sep 30 2022n/an/a

SEK 582m

Jun 30 2022n/an/a

SEK 544m

Mar 31 2022n/an/a

SEK 457m

Dec 31 2021SEK 15mSEK 7m

SEK 513m

Sep 30 2021n/an/a

SEK 549m

Jun 30 2021n/an/a

SEK 574m

Mar 31 2021n/an/a

SEK 529m

Dec 31 2020SEK 17mSEK 7m

SEK 426m

Sep 30 2020n/an/a

SEK 334m

Jun 30 2020n/an/a

SEK 270m

Mar 31 2020n/an/a

SEK 335m

Dec 31 2019SEK 14mSEK 3m

SEK 282m

Compensation vs Market: Klas's total compensation ($USD2.72M) is below average for companies of similar size in the US market ($USD6.71M).

Compensation vs Earnings: Klas's compensation has been consistent with company performance over the past year.

CEO

Klas Forsstrom (58 yo)

6.4yrs
Tenure
SEK 24,362,000
Compensation

Mr. Klas Forsstrom is President & CEO of Munters AB. 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 j...

Leadership Team

NamePositionTenureCompensationOwnership
Klas Forsstrom
President & CEO6.4yrsSEK 24.36m0.11%
$ 4.1m
Katharina Fischer
Group VP & CFO3yrsno data0.0039%
$ 140.7k
Line Dovarn
Head of Investor Relations1.1yrsno datano data
Kaspar Kirchmann
Group Vice President of Legal & Counsel1.5yrsno datano data
Susann Johnsson
Group Vice President of Communications & Brand1.5yrsno datano data
Grete Stoltz
Group Vice President People4.3yrsno data0.0044%
$ 156.4k
Pia Linder
Group VP & President of FoodTech5.4yrsno data0.0063%
$ 225.3k
Stefan Aspman
Group VP & President of Data Center Technologies3yrsno datano data
Henrik Teiwik
Group VP & President for AirTech3.4yrsno data0.011%
$ 384.3k
Andrew Cook
Senior Vice President of AirTech Americasno datano datano data
Lee Suffolk
Senior Vice President of AirTech-EMEAno datano datano data
Markus Karbach
Business Unit Manager & MD of EMEAno datano datano data
3.0yrs
Average Tenure
53yo
Average Age

Experienced Management: MMNN.F's management team is considered experienced (3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Magnus Nicolin
Chairman of the Board3.7yrsSEK 1.51m0.016%
$ 589.5k
Ingrid Fasth-Gillstedt
Independent Director8.9yrsSEK 751.00kno data
Kristian Sildeby
Director8.7yrsSEK 794.00kno data
Robert Wahlgren
Employee Representative Director16yrsno datano data
Simon Henriksson
Employee Representative Director9yrsno datano data
Maria Hakansson
Independent Director3.7yrsSEK 637.00kno data
Anders Lindqvist
Independent Director3.7yrsSEK 556.00kno data
Sabine Simeon-Aissaoui
Independent Director2.7yrsSEK 634.00k0.00077%
$ 27.6k
Elizabeth Nugent
Independent Director1.8yrsSEK 437.00kno data
Julia Jakobsson
Employee Representative Deputy Director2yrsno datano data
3.7yrs
Average Tenure
53.5yo
Average Age

Experienced Board: MMNN.F's board of directors are considered experienced (3.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/25 17:16
End of Day Share Price 2026/01/23 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Simon JonssonBerenberg
Karl VikströmBerenberg