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Munters Boosts Orders on Data Center Demand but Margins Slip in Q1

Story Highlights
  • Munters grew orders strongly on data center demand, but sales and margins declined.
  • A major AI cooling order highlights growth potential despite cost pressures and uncertainty.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Munters Boosts Orders on Data Center Demand but Margins Slip in Q1

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Munters Group AB ( (SE:MTRS) ) just unveiled an update.

Munters reported a mixed first quarter of 2026, with order intake jumping 32% on strong demand in data center cooling and solid contributions from AirTech and FoodTech, while net sales fell 4% as adverse currency effects outweighed underlying organic growth. Profitability softened, with the adjusted EBITA margin sliding to 10.9% due to tariff headwinds, product transitions in Data Center Technologies and planned investments in FoodTech, even as AirTech margins improved and cash flow remained solid, leaving leverage slightly higher but operating working capital at a notably low 6.5% of sales.

Management emphasized progress in scaling production capacity in DCT, including upcoming U.S. chiller production, and continued cost measures in AirTech, while FoodTech maintained good momentum and ongoing digital expansion. After the quarter, Munters underlined its positioning in the fast-growing AI and data center market by securing a SEK 2 billion order for modular AI cooling solutions from a U.S. colocation provider, supporting its long-term growth agenda despite an increasingly uncertain geopolitical and supply chain environment and highlighting a gap versus ambitious midterm financial and sustainability targets.

The most recent analyst rating on (SE:MTRS) stock is a Buy with a SEK235.00 price target. To see the full list of analyst forecasts on Munters Group AB stock, see the SE:MTRS Stock Forecast page.

More about Munters Group AB

Munters Group AB is a global provider of energy-efficient air treatment and climate control solutions for industrial and commercial applications. Its key business areas include AirTech, Data Center Technologies and FoodTech, serving sectors such as data centers, battery manufacturing and the digitalized food supply chain with a strong focus on regionalized production and services.

Average Trading Volume: 514,725

Technical Sentiment Signal: Buy

Current Market Cap: SEK35.96B

Find detailed analytics on MTRS stock on TipRanks’ Stock Analysis page.

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