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M

Munters Group MTRS.ST · SEK

Industrials · Nasdaq Stockholm · 🇸🇪 Sweden

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132.85

+3.02%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 14.71bn

FY2016FY2025

Net income

SEK 106.0m

FY2016FY2025

Free cash flow

SEK 988.0m

FY2016FY2025

Shareholders' equity

SEK 4.86bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 14.71bnSEK 15.45bnSEK 13.93bnSEK 10.39bnSEK 7.35bnSEK 7.01bnSEK 7.15bnSEK 7.12bnSEK 6.61bnSEK 6.04bn
Gross profitSEK 4.62bnSEK 5.32bnSEK 4.42bnSEK 3.02bnSEK 2.35bnSEK 2.35bnSEK 2.33bnSEK 2.27bnSEK 2.15bnSEK 2.11bn
Research and developmentSEK 487.0mSEK 454.0mSEK 360.0mSEK 236.0mSEK 162.0mSEK 186.0mSEK 197.0mSEK 217.0mSEK 167.0mSEK 138.0m
Operating incomeSEK 1.23bnSEK 1.84bnSEK 1.59bnSEK 881.0mSEK 753.0mSEK 707.0mSEK 556.0mSEK 548.0mSEK 453.0mSEK 577.0m
Net incomeSEK 106.0mSEK 973.0mSEK 784.0mSEK 577.0mSEK 513.0mSEK 420.0mSEK 284.0m−SEK 105.0mSEK 174.0mSEK 85.0m
Diluted earnings per share0.585.334.303.162.822.311.56-0.580.950.46

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 19.73bnSEK 21.98bnSEK 16.73bnSEK 15.20bnSEK 10.74bnSEK 9.57bnSEK 10.09bnSEK 9.27bnSEK 9.20bnSEK 8.99bn
Cash and short-term investmentsSEK 1.49bnSEK 1.53bnSEK 1.53bnSEK 914.0mSEK 674.0mSEK 970.0mSEK 722.0mSEK 404.0mSEK 402.0mSEK 432.0m
Total liabilitiesSEK 14.86bnSEK 16.07bnSEK 11.47bnSEK 9.90bnSEK 6.38bnSEK 5.82bnSEK 6.46bnSEK 5.55bnSEK 5.45bnSEK 8.22bn
DebtSEK 7.92bnSEK 7.60bnSEK 5.85bnSEK 4.50bnSEK 2.75bnSEK 2.79bnSEK 3.50bnSEK 3.01bnSEK 2.85bnSEK 5.66bn
Shareholders' equitySEK 4.86bnSEK 5.89bnSEK 5.26bnSEK 5.30bnSEK 4.36bnSEK 3.75bnSEK 3.63bnSEK 3.72bnSEK 3.75bnSEK 756.0m
Shares outstanding183m183m183m182m182m181m182m182m184m184m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 1.58bnSEK 2.37bnSEK 1.07bnSEK 772.0mSEK 519.0mSEK 977.0mSEK 669.0mSEK 441.0mSEK 235.0mSEK 277.0m
Capital spending−SEK 592.0m−SEK 745.0m−SEK 670.0m−SEK 539.0m−SEK 342.0m−SEK 217.0m−SEK 194.0m−SEK 232.0m−SEK 170.0m−SEK 183.0m
Free cash flowSEK 988.0mSEK 1.62bnSEK 396.0mSEK 233.0mSEK 177.0mSEK 760.0mSEK 475.0mSEK 209.0mSEK 65.0mSEK 94.0m
Dividends paid−SEK 308.0m−SEK 237.0m−SEK 173.0m−SEK 154.0m−SEK 127.0m−SEK 127.0m−SEK 127.0m−SEK 55.0m−SEK 55.0m—

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 3.81bnSEK 3.58bnSEK 3.59bnSEK 3.80bnSEK 3.61bnSEK 3.71bnSEK 4.36bnSEK 3.76bn
Gross profitSEK 1.12bnSEK 1.04bnSEK 1.03bnSEK 1.19bnSEK 1.18bnSEK 1.22bnSEK 1.40bnSEK 1.32bn
Operating incomeSEK 380.0mSEK 344.0mSEK 163.0mSEK 433.0mSEK 360.0mSEK 385.0mSEK 342.0mSEK 509.0m
Net incomeSEK 202.0mSEK 124.0m−SEK 8.0mSEK 192.0mSEK 92.0m−SEK 149.0mSEK 162.0mSEK 263.0m
Diluted earnings per share1.110.68-0.041.050.50-0.820.891.44
Cash from operationsSEK 573.0mSEK 387.0mSEK 603.0mSEK 375.0mSEK 57.0mSEK 545.0mSEK 823.0mSEK 329.0m
Capital spending−SEK 275.0m−SEK 198.0m−SEK 177.0m−SEK 95.0m−SEK 197.0m−SEK 174.0m−SEK 409.0m−SEK 299.0m
Free cash flowSEK 298.0mSEK 189.0mSEK 426.0mSEK 280.0m−SEK 140.0mSEK 371.0mSEK 414.0mSEK 30.0m
Total assetsSEK 22.11bnSEK 20.33bnSEK 19.73bnSEK 21.14bnSEK 20.25bnSEK 21.48bnSEK 21.98bnSEK 18.68bn
Cash and short-term investmentsSEK 1.43bnSEK 1.41bnSEK 1.49bnSEK 2.42bnSEK 1.65bnSEK 1.44bnSEK 1.53bnSEK 1.39bn
DebtSEK 6.36bnSEK 6.44bnSEK 7.92bnSEK 8.85bnSEK 8.20bnSEK 8.82bnSEK 7.60bnSEK 6.03bn
Shareholders' equitySEK 5.26bnSEK 5.16bnSEK 4.86bnSEK 5.07bnSEK 5.00bnSEK 5.44bnSEK 5.89bnSEK 5.40bn

Financial ratios

Data as of 20 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin31.4%34.4%31.7%29.1%32.0%33.5%
Operating margin8.4%11.9%11.4%8.5%10.2%10.1%
Net margin0.7%6.3%5.6%5.6%7.0%6.0%
Return on equity2.2%16.5%14.9%10.9%11.8%11.2%
Return on assets0.5%4.4%4.7%3.8%4.8%4.4%
Free cash flow yield8.8%12.6%7.0%5.3%3.5%4.8%
Revenue growth-4.8%10.9%34.1%41.3%4.7%-1.9%
Earnings growth-89.1%24.1%35.9%12.5%22.1%47.9%
Current ratio1.01x0.76x1.21x1.27x1.28x1.36x
Debt to equity1.33x1.15x1.01x0.73x0.63x0.74x
Equity ratio24.6%26.8%31.4%34.9%40.6%39.1%
Interest coverage2.98x5.00x4.41x5.51x7.38x4.78x
R&D as a share of sales3.3%2.9%2.6%2.3%2.2%2.7%
Buybacks as a share of market value0.0%-0.0%-0.0%-0.1%-0.4%0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue12.3%16.0%10.5%
Operating income11.8%11.7%12.4%
Net income-43.2%-24.1%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin33.0%31.9%32.1%32.4%
Operating margin10.2%10.2%10.2%9.4%
Net margin3.6%4.5%4.9%3.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings296.034.938.132.524.835.931.4-59.058.3
Price to sales2.12.22.11.81.72.11.30.91.5

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 4 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2018
Paid in the year0.801.601.300.950.850.700.30

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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