Duyuru • May 22
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 11
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 4.4%, which is higher than the industry average of 1.9%. Payout Ratios Payout ratio: 61%. Cash payout ratio: 47%. Duyuru • May 09
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. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €19.47, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Building industry in Europe. Total returns to shareholders of 98% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €18.16 per share. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: kr0.68 (vs kr1.06 in 1Q 2025) First quarter 2026 results: EPS: kr0.68 (down from kr1.06 in 1Q 2025). Revenue: kr3.58b (down 3.6% from 1Q 2025). Net income: kr124.0m (down 36% from 1Q 2025). Profit margin: 3.5% (down from 5.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Building industry in Europe. Duyuru • Apr 29
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 Upcoming Dividend • Apr 27
Upcoming dividend of kr0.80 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €18.33, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 103% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €13.88 per share. Buy Or Sell Opportunity • Apr 08
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 3.3% to €16.29. The fair value is estimated to be €12.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 2.6%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 36% per annum over the same time period. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: kr3.01 (vs kr4.97 in FY 2024) Full year 2025 results: EPS: kr3.01 (down from kr4.97 in FY 2024). Revenue: kr14.7b (up 8.3% from FY 2024). Net income: kr550.0m (down 39% from FY 2024). Profit margin: 3.7% (down from 6.7% in FY 2024). 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. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €15.75, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €12.90 per share. Declared Dividend • Mar 04
Final dividend of kr0.80 announced Shareholders will receive a dividend of kr0.80. Ex-date: 4th May 2026 Payment date: 8th May 2026 Dividend yield will be 5.3%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (40% 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 154% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 02
Full year 2025 earnings released: EPS: kr3.01 (vs kr5.33 in FY 2024) Full year 2025 results: EPS: kr3.01 (down from kr5.33 in FY 2024). Revenue: kr14.7b (down 4.8% from FY 2024). Net income: kr550.0m (down 44% from FY 2024). Profit margin: 3.7% (down from 6.3% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in Europe. Duyuru • Jan 30
Munters Group AB (publ), Annual General Meeting, Apr 30, 2026 Munters Group AB (publ), Annual General Meeting, Apr 30, 2026. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €18.20, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Building industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €16.38 per share. Upcoming Dividend • Nov 08
Upcoming dividend of kr0.80 per share Eligible shareholders must have bought the stock before 14 November 2025. Payment date: 20 November 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Italian dividend payers (4.9%). Lower than average of industry peers (2.1%). Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: kr1.05 (vs kr1.24 in 3Q 2024) Third quarter 2025 results: EPS: kr1.05 (down from kr1.24 in 3Q 2024). Revenue: kr3.80b (up 17% from 3Q 2024). Net income: kr192.0m (down 15% from 3Q 2024). Profit margin: 5.1% (down from 6.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Building industry in Europe. Buy Or Sell Opportunity • Oct 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €10.33. The fair value is estimated to be €12.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to decline by 0.4% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €10.45, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Building industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €13.94 per share. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • Feb 06
Munters Group AB (publ), Annual General Meeting, May 14, 2025 Munters Group AB (publ), Annual General Meeting, May 14, 2025.