Munters: Interim report - Second quarter, April - June 2010
An important milestone in Munters' development
* Munters signed an agreement to divest its MCS division, which is therefore
reported on separate lines as discontinued operations. The deal value
amounts to around SEK 1,300 M and estimated impact on net profit after tax
is approximately SEK 650 M in quarter 3 when the deal is closed
* Order intake for continuing operations amounted to SEK 1,029 M (1,029), up
6% adjusted.[1]
* Net sales for continuing operations totaled SEK 910 M (1,013), down 5%
adjusted[1]
* EBIT for continuing operations before nonrecurring items amounted to SEK 87
M (86), up 7% adjusted[1]
* Operating cash flow from continuing operations amounted to SEK 60 M (153)
* Net earnings after tax for the period for continuing operations totaled SEK
57 M (47)
* Earnings per share for continuing operations amounted to SEK 0.77 (0.64)
* Net sales including discontinued operations amounted to SEK 1,566 M (1Â 694).
EBIT including discontinued operations amounted to SEK 113 M (86)
[1]Adjusted for currency effects
For more information, please contact:
Lars Engström, Chief Executive Officer
Tel: +46 8 626 63 03
lars.engstrom@munters.se
Martin Lindqvist, CFO
Tel +46 8 626 63 06
martin.lindqvist@munters.se
Andreas Olofsson, VP Corp. Communications
Tel +46 8 626 54 08
andreas.olofsson@munters.se
This press release is also available on 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- and pharma 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 NASDAQ OMX Stockholm, Mid Cap.
For more information please visitwww.munters.communters.com
[HUG#1433506]
2010 Q2 Apr-Jun: http://hugin.info/992/R/1433506/379319.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Munters AB via Thomson Reuters ONE