SOURCE: Munters AB

April 22, 2010 08:07 ET

Munters: Interim report - First quarter, January - March 2010

KISTA, SWEDEN--(Marketwire - April 22, 2010) -


Positive signs in an uncertain market

* Order intake amounted to SEK 1,543 M (1,724), down 2% adjusted[1] * Net sales amounted to SEK 1,409 M (1,703), down 9% adjusted[1] * EBIT before nonrecurring items amounted to SEK 68 M (39), up 66% adjusted[1]. The main reasons for the improvement were higher gross margins in the product divisions and a reduction in overhead costs in all divisions. * Nonrecurring items totaled SEK 0 M (expense: 33) * Operating cash flow improved and amounted to SEK 52 M (neg: 13) * Net earnings after tax totaled SEK 37 M (loss: 22) * Earnings per share amounted to SEK 0.50 (loss: 0.29)


[1] Pro forma, adjusted for currency fluctuations, acquisitions and divestments

This press release is also available on  www.munters.com http://www.munters.com/

Munters is a global leader in energy efficient air treatment solutions and restoration services based on expertise in humidity and climate control technologies. Customers are served in a wide range of segments, the most important being insurance-, utilities-, food-, pharma- and electronics- industries. Manufacturing and sales are carried out via the Group's own companies in more than 30 countries. The Group has close to 4,000 employees and net sales of about SEK 6.5 billion. The Munters share is listed on OMX Nordic Exchange Stockholm, Mid Cap. For more information see www.munters.communters.com

http://www.munters.communters.com/

[HUG#1406906]

2010 Q1 Jan-Mar: http://hugin.info/992/R/1406906/360271.pdf

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