Strong Order Intake and Growth
The company reported a 57% increase in order intake, with a 70% growth in comparable currency. Data Center Technologies and FoodTech showed strong demand and growth potential.
Expansion and Innovation in Data Center Technologies
Munters has made significant strides in Data Center Technologies with a book-to-bill ratio of close to 1.4 and a strong market presence in the Americas and APAC. The company is leading in innovation with a wide product offering in cooling solutions.
FoodTech Transformation
FoodTech has transitioned into a digital and software-driven business, showing a 20% to 40% increase in ARR quarter-over-quarter, with strong customer interest.
Operational Efficiency and Cash Flow
Operating working capital was reduced to 8.3% of net sales, well below the target range of 13% to 10%. The adjusted EBITA margin remained solid at 13.5%.