)
Edge14 Aug 2026
Deutsche Qualität: The Story of Birkenstock
From an 18th-century German shoemaker to a global footwear brand, how Birkenstock turned an orthopedic insole into the world's most popular sandal.
Munters
Munters (MTRS) investor relations material
Munters Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary17 Jul, 2026
Executive summary
Order intake surged 137% year-over-year, led by Data Center Technologies (DCT) and AirTech, while FoodTech softened; exceptional order intake and backlog set up for substantial revenue growth in 2027 and beyond.
Net sales increased by 6% year-over-year, driven by AirTech and FoodTech, but DCT saw a decline due to supply chain constraints and planned production ramp-up.
Profitability improved in AirTech, but DCT margins were pressured by supply chain constraints, ramp-up costs, tariffs, and growth investments; adjusted EBITA margin declined to 11.0% from 13.6% year-over-year.
Strong cash flow from operations, mainly from customer advances in DCT; leverage increased to 3.2x due to lower adjusted EBITDA.
Portfolio optimization underway, with FoodTech (Speria) being prepared for divestment to sharpen strategic focus.
Financial highlights
Organic order intake increased by over 140% year-over-year; order backlog up 151%; group order intake reached MSEK 8,699 and backlog MSEK 24,542.
Net sales: MSEK 3,805 (+8% org., -2% currency); operating profit (EBIT): MSEK 381; adjusted EBITA: MSEK 417 (-18% org., -2% currency); net income: MSEK 202.
Book-to-bill ratio reached 2.3x; AirTech net sales up, DCT down due to ramp-up and supply issues.
CapEx at 7.2% of net sales for the quarter, mainly for Virginia facility and AirTech component production.
Leverage increased to 3.2x, above the 1.5-2.5 ambition, due to acquisitions, investments, and lower adjusted EBITDA.
Outlook and guidance
2026 outlook unchanged; net sales growth expected to accelerate through the year, with a strong setup for 2027.
Adjusted EBITA margin expected to improve in H2 2026, driven by DCT backlog and AirTech margin improvements.
DCT sales growth guidance of 30% for the full year reaffirmed, with growth weighted toward Q4.
Margin expansion expected as supply chain issues are resolved, with high teens targeted midterm for DCT.
Capex and tax rate expected to remain stable.
Impact of US chiller ramp-up on DCT margins
Drivers of exceptional AirTech component demand
Rationale for potential FoodTech divestment
Impact of DCT supply constraints on H2 margins
Strategic rationale for FoodTech divestment
Timeline for AirTech reaching 13% EBITA margin
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Munters
- Robust growth, profitability, and sustainability drive expansion across core business areas.MTRS
Investor presentation - Record Q2 profitability and growth driven by innovation, M&A, and sustainability focus.MTRSInvestor presentation
- Strong Q3 growth led by DCT and FoodTech, with strategic investments fueling future expansion.MTRSInvestor presentation
- Strong Q1 growth in orders and sales, with focus shifting to digital, service, and sustainability.MTRSInvestor presentation
- Data Center Technologies and FoodTech drive growth as AirTech faces margin pressure.MTRSInvestor presentation
- Q3 2025 saw strong growth in DCT and FoodTech, with digital and sustainability focus.MTRSInvestor presentation
- Record order intake and digital growth drive positive 2026 outlook amid margin headwinds.MTRSInvestor presentation
- Strong Q3 growth, record data center orders, and sustainability progress drive future momentum.MTRSInvestor presentation
- Strong Q3 growth and profitability, with digital and data center markets fueling future expansion.MTRSInvestor presentation
- Global leader in modular, high-efficiency data center cooling with strong growth and innovation.MTRSInvestor presentation
Next Munters earnings date
Q3 202623 Oct, 2026
Munters
Next Munters earnings date
Q3 202623 Oct, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage