Connect with us

Technology

Munters Group AB: Strong order intake and top line growth

Published

3 weeks ago

on

STOCKHOLM, April 29, 2025 /PRNewswire/ — 

January-March 2025:

Agreement signed to divest the FoodTech Equipment offering for MEUR 97.5, closing expected in second quarter 2025. The comments and figures in this report refer to continuing operations unless otherwise stated. For more information see pages 16-17.

Order intake increased +27% (+8% organic) with strong growth in DCT (Data Center Technologies) and FoodTech offset by a decline in AirTech.Net sales grew +18% (+5% organic), driven by robust growth in DCT and FoodTech, while AirTech declined.The adjusted EBITA margin declined, primarily due to lower volumes in AirTech in Americas and temporary dual-site costs. This was partly offset by a strong margin contribution from DCT.Cash flow from operating activities remained stable, supported by positive development of working capital. OWC/net sales improved to 10.2%, within our target range of 13-10%.Leverage increased to 3.1x, mainly due to increased lease liabilities and acquisition of the remaining shares in MTech Systems. Adjusted for the proceeds from the divestment of the Equipment offering, expected to be received in the second quarter this year, leverage was 2.6x.Earnings per share, before and after dilution, was SEK 1.05 (1.22) in the first quarter.The Board of Directors proposes a dividend of SEK 1.60 (1.30) per share to be paid in two equal installments. This represents 30 (30) per cent of the net income for 2024.

Events after the close of the period

Climate targets validated by the Science Based Targets initiative (SBTi).

CEO comments

Strong performance in a volatile environment
The year has started off with good overall performance in order intake, net sales and profitability, supported by solid execution across our business. This was largely driven by continued robust net sales and earnings development in our two business areas DCT and FoodTech. As expected, order intake declined in business area AirTech where we initiated measures last year to improve margins. We remain positive about the long-term structural trends driving growth for Munters, such as increased data traffic, the electrification of society, and the global need for more sustainable food production. We are closely monitoring the increasingly uncertain macro environment and global discussions around trade tariffs. Our conclusion about trade tariffs is that our well-established strategy of regional production can provide us with competitive advantages and resilience.

DCT and FoodTech – two robust pillars
DCT recorded one of its highest-ever first-quarter order intake, driven by small and mid-sized orders. The pipeline remains healthy, supported by steady demand across a broad range of customer segments in the data center market. The strong performance in DCT is driven by our broad and competitive product portfolio which enables us to meet a wide range of customer needs.

Within FoodTech, we announced the sale of the Equipment business during the quarter, which is expected to close in the second quarter. The divestment marks a strategic shift in our focus towards a digital offering centered around software and control systems. In line with our strategic focus, we also announced the acquisition of the remaining shares in MTech Systems, following the completion of the previously communicated transaction with minority shareholders. The continuing business in FoodTech experienced high demand and several new customer agreements were signed, further strengthening our market position.

AirTech progressing in line with expectations
As anticipated, AirTech had a softer start to the year, due to continued weakness in the battery market weighing on utilization and profitability. Margin improvement remains a priority, and our actions taken in late 2024 are expected to support a gradual improvement during the year. Short-term, profitability is also negatively impacted by the temporary situation with dual site operations in Amesbury in the US. We expect this situation to ease as the transition to our new, more efficient facility progresses in the second quarter. We expect the battery market to remain weak throughout 2025, although we see increased activity in some areas. Over the long term, we remain confident in the potential of this segment and we are now better positioned to scale efficiently as the market recovers.

We are intensifying efforts within AirTech to grow our services and component business. We are also strengthening our focus on key customer segments such as the food industry. We continue to invest selectively, including the recently announced expansion and optimization of our Tobo factory in Sweden. This includes regionalizing the production of the humidification medium GLASdek, a component previously only manufactured in Mexico.

Regional production – a continued strategic advantage
Today, with extensive global discussions about trade tariffs, regional production is becoming increasingly important. At Munters, this has long been a strategic cornerstone. Approximately 90 percent of sales in our largest regions are produced within the same region, thereby supporting customer proximity, reduced lead times and greater resilience.

We continue to focus on execution and operational efficiency across the Group while closely monitoring the development of the global business environment. With the strong momentum in DCT and FoodTech, along with margin enhancing actions underway in AirTech, we are well positioned for the year ahead.

I would like to thank all Munters employees for their continued commitment and contribution. Together, we are well prepared to capture future opportunities and deliver on our targets.

Klas Forsström, President & CEO

Information about the webcast and telephone conference

Welcome to join a webcast or telephone conference today, April 29, at 9:00 CEST, when CEO Klas Forsström together with CFO, Katharina Fischer, will present the report.

Webcast: https://munters.events.inderes.com/q1-report-2025

Telephone conference: If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference. https://conference.inderes.com/teleconference/?id=50052346

This interim report, presentation material and a link to the webcast will be available on https://www.munters.com/en-se/investors/

For more information:

Investors and analysts
Line Dovärn, Head of Investor Relations
E-mail: line.dovarn@munters.com, Phone: +46 (0)730 488 444

Media
Daniel Frykholm, VP External Relations & Internal Communications
E-mail: daniel.frykholm@munters.com, Phone: +46 (0)702 067 786

This information is information that Munters Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07.30 AM CEST on April 29, 2025.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/munters-group-ab/r/strong-order-intake-and-top-line-growth,c4142129

The following files are available for download:

View original content:https://www.prnewswire.com/news-releases/munters-group-ab-strong-order-intake-and-top-line-growth-302440733.html

SOURCE Munters Group AB

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Trace Systems is now an Authorized Starlink Reseller

Published

48 minutes ago

on

May 23, 2025

By

MCLEAN, Va., May 23, 2025 /PRNewswire/ — Trace Systems Inc. is proud to announce its designation as an authorized reseller of Starlink high-speed internet for businesses, enterprises and government use.

“Working with Starlink represents a transformative step in advancing secure communications capabilities for our customers,” said Otto Hoernig III, CEO of Trace Systems. “Integrating Starlink into our service portfolio enhances secure, high-bandwidth connectivity and enables scalable, real-time collaboration across enterprise and edge environments.”

As a trusted satellite integrator for the Department of Defense, Trace brings decades of experience and an extensive portfolio of contract vehicles as well as industry and government partnerships. The company will now leverage Starlink’s resilient global connectivity to bolster communications across multi-domain operations delivering greater capabilities to the bandwidth constrained operator — anywhere in the world.

About Starlink

Starlink delivers high-speed, low-latency internet to users all over the world. As the world’s first and largest satellite constellation using a low Earth orbit, Starlink delivers broadband internet capable of supporting streaming, online gaming, video calls and more. Starlink is engineered and operated by SpaceX. As the world’s leading provider of launch services, SpaceX is leveraging its deep experience with both spacecraft and on-orbit operations to deploy the world’s most advanced broadband internet system. Learn more at www.starlink.com.

Follow Starlink on X https://x.com/Starlink 

About Trace Systems

Trace Systems delivers advanced information technology and communication systems and solutions to the U.S. Government, specializing in secure, mission-critical systems that enable global operations. With a proven track record of innovation and operational excellence, Trace provides the engineering expertise and technical leadership required to meet today’s complex defense challenges. Learn more at www.tracesystems.com.

For media inquiries, please contact:

Email: mediarelations@tracesystems.com

Phone: 703-414-3500

View original content to download multimedia:https://www.prnewswire.com/news-releases/trace-systems-is-now-an-authorized-starlink-reseller-302464388.html

SOURCE Trace Systems Inc

Continue Reading

Technology

1st Commercial Credit Launches $20 Million Ledger Lines Program, Partners with Banks to Expand Working Capital Access

Published

48 minutes ago

on

May 23, 2025

By

New revolving receivable-based facility fills critical lending gap for mid-market companies facing limited ABL and bank loan options

AUSTIN, Texas, May 23, 2025 /PRNewswire/ –1st Commercial Credit, LLC, a national leader in accounts receivable financing, trade payable finance, and invoice factoring, announces the launch of its new Ledger Lines program—providing revolving credit facilities of up to $20 million, backed by receivables and tailored for high-growth businesses.

New Ledger Lines program—providing revolving credit facilities from $3 and up to $20 million.

With Ledger Lines, businesses generating at least $3 million in monthly invoices can access up to 90% of receivable value as working capital. The structure avoids traditional debt by documenting the facility as a continuing receivable purchase, providing fast and flexible funding without complex loan covenants.

“Ledger Lines are designed for companies that are too big for traditional factoring but not well-served by bank lending or rigid ABL structures,” said Raul Esqueda, President of 1st Commercial Credit. “By working in partnership with banks and advisors, we’re helping companies replace high-cost debt and unlock working capital without disrupting their existing financial relationships.”

Key Benefits of the Ledger Lines Program:

Credit lines from $3 million to $20 millionUp to 90% advance on eligible receivablesFunding in as little as 3 weeksNo traditional debt added to the balance sheetBanks may subordinate receivables while maintaining existing term loansOptional credit insurance to reduce riskAvailable to industries such as manufacturing, staffing, transportation, security, and importers

The company reports growing demand from investment bankers, restructuring advisors, and bank workout departments who are turning to 1st Commercial Credit to support clients with cash flow constraints, MCA obligations, or seasonal volatility. Ledger Lines enables a seamless transition from high-cost loans and unscalable ABL products to receivables-based funding that grows with the business.

To qualify, companies must maintain up-to-date financials, demonstrate profitability, and have a Chief Financial Officer overseeing internal operations. A Deposit Account Control Agreement (DACA) is also required to control receivable proceeds.

Solving the $3M–$10M ABL Gap

With many traditional asset-based lenders pulling back due to rising defaults and low margins, businesses in the $3M–$10M range are often left with few viable financing options. According to Esqueda, the complexity and cost of underwriting ABL deals at this size often exceed the returns.

“Ledger Lines provide a scalable alternative to ABL,” said Esqueda. “We remove the bottlenecks of traditional credit underwriting and give clients a funding solution that adjusts with their receivable base—not their collateral mix.”

Backed by Technology and Trade Credit Protection

Ledger Lines builds on 1st Commercial Credit’s $6 billion funding milestone achieved in 2024, and its $200 million in receivables insurance coverage. The program is powered by the company’s proprietary MyBizPad® platform, which automates funding requests, and real-time receivables tracking—ensuring operational efficiency and transparency for clients.

Contact Information:

1st Commercial Credit, LLC
6500 River Place Blvd, Building 7, Suite 250, Austin, TX 78730
(800) 876-6071
www.1stcommercialcredit.com

About 1st Commercial Credit

Founded in Austin, Texas, 1st Commercial Credit, LLC is a privately-owned factoring company, a leader in receivable-based financing, purchase order financing and trade payable finance. Serving businesses across the U.S. and select international markets, the firm specializes in non-debt capital solutions for manufacturing, staffing, transportation, and importing companies—empowering businesses to scale without traditional borrowing.

View original content to download multimedia:https://www.prnewswire.com/news-releases/1st-commercial-credit-launches-20-million-ledger-lines-program-partners-with-banks-to-expand-working-capital-access-302464392.html

SOURCE 1st Commercial Credit, LLC

Continue Reading

Technology

Xtraspots Launches v2 Hybrid Parking Platform for Garages and Homeowners, Adds POS Integration with Elavon Among Others

Published

48 minutes ago

on

May 23, 2025

By

NEW YORK, May 23, 2025 /PRNewswire/ — Xtraspots, the fast-growing platform revolutionizing smart parking and mobility, announces the launch of Xtraspots v2, a revamped Hybrid Parking Platform designed for both commercial garages and residential hosts. Whether it’s a high-traffic lot or a homeowner’s spare driveway, Xtraspots enables users to list, manage, and monetize their parking spaces with ease.

Set to launch this June, Xtraspots v2 will be available on both the Apple App Store and Google Play Store, offering drivers a faster, more intuitive experience to find, reserve, and pay for parking in real time. The redesigned interface simplifies navigation and expands earning potential for everyday property owners.

Alongside the app release, Xtraspots is introducing a new Point-of-Sale (POS) system with integration to Elavon and other leading payment processors. The POS solution is designed to provide secure, scalable, and cost-effective transaction support for parking operators across both residential and commercial environments.

Key features include:

Dual pricing support for compliant cash and card rate structuresReal-time analytics and full control over processing feesFast onboarding for both individual hosts and commercial garage operators

“Our hybrid model democratizes access—to parking, to payments, and to passive income,” said Charles Sepulveda, Co-Founder and Chairman of Xtraspots. “With the launch of our new app and expanded POS integrations, we’re not just providing parking—we’re building a smarter, more inclusive ecosystem.”

“I have all five of my garages on the Xtraspots platform—with more to come,” said George Cabrera, owner of GC Garage at 310 Grand Concourse in the Bronx, NY. “It’s user-friendly, and the POS system cut our processing fees significantly. This has opened up new income potential for my business while keeping everything organized in one place. The support of the Xtraspots team has been amazing—they’re always just a call or email away, something I didn’t have before.”

Media inquiries, partnership requests, or early access:
📧 sales@xtraspots.com
🌐 www.xtraspots.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/xtraspots-launches-v2-hybrid-parking-platform-for-garages-and-homeowners-adds-pos-integration-with-elavon-among-others-302464396.html

SOURCE Xtraspots Inc.

Continue Reading

Trending