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Overall record performance achieved for the year, while investing for the future

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STOCKHOLM, Feb. 5, 2025 /PRNewswire/ —

October-December 2024:

Order intake decreased -23% (-29% organic) with strong growth in FoodTech offset by a negative organic development in AirTech and Data Center Technologies (DCT).Net sales grew +19% (+10% organic) through strong growth in DCT and FoodTech, whereas AirTech remained flat.   The adj. EBITA margin was stable, supported by strong net sales growth in DCT and FoodTech whereas AirTech was negatively impacted by increased uncertainty in the battery market, resulting in under-absorption as well as ongoing investments in our global footprint.  Cash flow from operating activities improved related to positive development of working capital. OWC/net sales improved to 10.2%, within our target range of 13-10%.Net debt in relation to adj. EBITDA increased to 2.3x mainly as a result of acquisitions financed through debt.Items affecting comparability (IAC) increased to MSEK    -117 (-49).  An IAC charge for restructuring activities of MSEK 66 was recorded in AirTech, reflecting various measures identified and implemented to mitigate the weaknesses in the battery sub-segment.Earnings per share, before and after dilution, was SEK 0.89 (0.30) in the fourth quarter.

January-December 2024:

Order intake was flat +1% (-4% organic) driven by strong growth in FoodTech and stable development in AirTech. DCT declined due to a reduction in large orders.Net sales grew +11% (+5% organic) driven by strong growth in DCT and FoodTech, while AirTech showed flat development.The adj. EBITA margin improved due to strong net sales growth in DCT and FoodTech and a positive effect from product mix in AirTech as deliveries on major orders were finalized.Cash flow from operating activities improved during the year, related to increased operating earnings and positive development of working capital.Net debt in relation to adj. EBITDA increased slightly primarily driven by acquisitions financed through debt mitigated by strong operating cash flow.IAC increased to MSEK -240 (-96), mainly due to increased costs for restructuring activities and costs related to the strategic review in FoodTech, as well as M&A activities.Earnings per share, before and after dilution, was SEK 5.33 (4.30) for the full year.

Events after the close of the period

In January 2025, the minority shareholders of MTech exercised the put option with a fair value of MSEK 1,142 per 31 December 2024. This transaction will result in Munters becoming the sole owner, 80% of the transaction price is expected to be paid in the first half of 2025 and the remaining 20% in the first half of 2026. The Board of Directors proposes a dividend of 1.60 SEK (1.30) per share totaling a dividend of MSEK 292 (237) to be paid in two equal installments. This represents 30% (30%) of net income in 2024.

CEO comments

A year of progress: Strengthening the foundation for future growth

In 2024, we made significant achievements in strengthening our market position, and I sincerely thank all employees for their hard work and dedication. Our strategic focus in recent years – prioritizing growth, optimizing our footprint, and enhancing operational efficiency – have resulted in strong overall performance. Continued good demand and successful acquisitions led to an 11 percent increase in net sales for the year. Revenues reached a record high in 2024, marking our best-ever full-year performance with an adjusted EBITA margin of 15.1 percent.

Driven by higher profits and positive development of working capital, cash flow from operating activities improved. We continue to prioritize efforts to strengthen our financial resilience through enhanced cash flow management and reductions in working capital. Leverage increased slightly during the year, primarily driven by our active M&A strategy, including both acquisitions and minority investments. In AirTech, we acquired Airprotech, an Italian manufacturer of systems to abate volatile organic compounds. In DCT, we acquired Geoclima, an Italian manufacturer of air- and water-cooled chillers. In FoodTech, we made two controller related acquisitions: Automated Environments, a US-based company specializing in automated control systems for the layer industry, and Hotraco, a Dutch developer of control systems and sensors for the agricultural sector. The acquisitions in FoodTech highlight our strategic focus on growing the digital business through software, controllers, sensors and IoT in this business area going forward.

Mixed fourth quarter: Positive sales and stable margin despite weakened demand

Order intake was mixed in the fourth quarter. Overall order intake declined, except for FoodTech, which saw growth. DCTs order intake declined as the same quarter last year included large orders of approximately BSEK 2.2. However, the underlying demand for our cooling solutions within DCT remains strong across key markets, as evidenced by a 60 percent organic increase in small and medium-sized orders in the quarter. In AirTech order intake declined, mainly due to a continued weak battery sub-segment across all regions. All business areas contributed to the net sales growth of 19 percent, especially DCT and FoodTech. In FoodTech the SaaS revenue (ARR) in Digital solutions grew by 46 percent in the quarter. The adjusted EBITA-margin was at the same level as last year, supported by strong improvements in DCT and FoodTech. However, lower demand from the battery sub-segment resulted in under-absorption, adversely impacting AirTechs margin. This corresponded to a negative effect on AirTechs adjusted EBITA-margin of approximately -3 percent in the quarter.

We expect the weakness in the battery market to remain throughout 2025. In light of this, and the development in 2024, AirTech has identified and implemented various measures to strengthen the margin going forward. We anticipate that this will mitigate the weaknesses and strengthen AirTechs profitability from current levels during the second half of 2025. We will continue to monitor this situation closely, taking further measures if needed.

Investing to stay ahead of the curve

We continue to drive an ambitious growth agenda based on our firm belief in the long-term growth opportunities relating to megatrends such as electrification and digitalization. Looking ahead, we will continue to focus on strategic acquisitions to expand our technology and market reach while prioritizing investments in innovation and operational efficiency. With our strong market position and innovative solutions, we are confident in our ability to seize future growth opportunities. To support our growth journey, we are excited to expand operations with two new state-of-the-art factories in 2025 – one in Cork, Ireland for DCT and another in Amesbury, US for AirTech. These expansions will enhance our global reach, increase production capacity, improve workflows and better serve the growing needs of our customers worldwide while prioritizing energy efficiency and resource conservation. The Cork facility, which opened at the end of 2024, will ramp up production throughout 2025, while the Amesbury facility is set to open in the first half of the year. During the transition, both existing and new sites will operate in parallel at the beginning of 2025.

With a clear strategy, strategic investments, and a commitment to innovation, we are well-positioned to drive sustainable growth and create lasting value for our customers, partners, and stakeholders.

Klas Forsström, President & CEO

Information about the webcast and telephone conference

Welcome to join a webcast or telephone conference today, February 5, at 9:00 CET, when CEO Klas Forsström together with the CFO, Katharina Fischer, will present the report.

Webcast: https://ir.financialhearings.com/munters-q4-report-2024

Conference call: 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.financialhearings.com/teleconference/?id=50050326

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 CET on February 5, 2025.

About Munters Group
Munters is a global leader in energy-efficient air treatment and climate solutions. Using innovative technologies, Munters creates the perfect climate for customers in a wide range of industries. Munters has been defining the future of air treatment since 1955. Today, around 5,400 employees carry out manufacturing and sales in more than 30 countries. Munters Group AB reported annual net sales of more than SEK 15 billion in 2024 and is listed on Nasdaq Stockholm. For more information, please visit www.munters.com.

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

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View original content:https://www.prnewswire.com/news-releases/overall-record-performance-achieved-for-the-year-while-investing-for-the-future-302368516.html

SOURCE Munters Group AB

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Singtel Receives Four Frost & Sullivan 2026 Recognitions for Leadership in Enterprise Connectivity, Cybersecurity, and Digital Transformation

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The recognitions highlight Singtel’s leadership in secure connectivity, network transformation, IoT innovation, and cybersecurity, delivering customer value through intelligent digital infrastructure and AI-enabled enterprise services.

SAN ANTONIO, July 20, 2026 /CNW/ — Frost & Sullivan is pleased to honor Singtel with the 2026 Southeast Asia IoT Connectivity Service Provider Company of the Year, 2026 Singapore Network Transformation Customer Value Leadership, 2026 Singapore Cybersecurity Services Company of the Year, and 2026 Singapore SD-WAN and SASE Service Provider Company of the Year recognitions. These acknowledgements reflect Singtel’s outstanding achievements in delivering secure, intelligent, and scalable digital infrastructure that enables enterprises to modernize operations, simplify complexity, and accelerate digital transformation across Singapore and Southeast Asia. They underscore the company’s consistent leadership in strategy execution, customer value creation, and innovation across enterprise connectivity, cybersecurity, software-defined networking, and IoT connectivity services.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Singtel excelled in both, demonstrating its ability to anticipate evolving enterprise requirements while consistently translating long-term vision into measurable customer outcomes. Through platforms such as Singtel CUBΣ (CUBE) and its multidomestic IoT connectivity architecture, the company continues to unify networking, cybersecurity, automation, and AI-driven intelligence into integrated solutions that address the growing complexity of hybrid, multicloud, and connected environments. “Singtel has established itself as a benchmark for enterprise digital infrastructure by converging connectivity, cybersecurity, network intelligence, and IoT orchestration into a unified, customer-centric ecosystem. Its disciplined execution, platform-led innovation, and commitment to simplifying complex enterprise environments continue to strengthen operational resilience and deliver sustained value for organizations across the region,” said Kenny Yeo, Director at Frost & Sullivan.

Guided by a long-term strategy focused on digital innovation, intelligent infrastructure, and customer-centric transformation, Singtel has moved well-beyond traditional telecommunications to a trusted technology partner for enterprises navigating increasingly connected and data-driven environments. Its strategic investments in AI-enabled operations, cloud-native platforms, secure connectivity, and ecosystem partnerships enable organizations to modernize critical infrastructure while maintaining the flexibility to support future business growth.

The company’s strategic agility and sustained investment in integrated digital platforms have enabled it to scale innovative services across local, regional, and global enterprise environments. Innovation remains central to Singtel’s approach through solutions including the CUBΣ connected intelligence platform, multidomestic IoT connectivity powered by eSIM orchestration, managed cybersecurity services, AI-driven network automation, and network-as-a-service capabilities. These solutions simplify network and security management, strengthen cyber resilience, improve operational visibility, and provide enterprises with scalable, secure, and high-performing connectivity across cloud, edge, IoT, and hybrid infrastructures.

By streamlining service delivery through intelligent automation, centralized orchestration, proactive monitoring, and flexible managed and co-managed service models, Singtel continues to help organizations reduce operational complexity while improving service reliability and business agility. Its ability to integrate best-of-breed technologies in a unified operational framework, combined with strong regional network ownership and localized expertise, enables customers to confidently scale digital initiatives while maintaining security, governance, and operational excellence.

Frost & Sullivan commends Singtel for setting a high standard in competitive strategy, execution, and customer value across multiple technology domains. By combining intelligent networking, secure digital infrastructure, AI-enabled operations, and cross-border IoT capabilities in an integrated platform strategy, the company is shaping the future of enterprise connectivity while helping organizations build resilient, future-ready digital ecosystems.

Each year, Frost & Sullivan presents its Company of the Year and Customer Value Leadership recognitions to organizations that demonstrate outstanding strategy development and implementation, resulting in measurable improvements in customer satisfaction, competitive positioning, and business performance. These recognitions honor forward-thinking companies that continuously raise industry standards through innovation, operational excellence, and long-term value creation.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com

 

View original content:https://www.prnewswire.com/news-releases/singtel-receives-four-frost–sullivan-2026-recognitions-for-leadership-in-enterprise-connectivity-cybersecurity-and-digital-transformation-302829114.html

SOURCE Frost & Sullivan

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Foreign entrepreneurs find business opportunities and a home in Yiwu

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BEIJING, July 19, 2026 /PRNewswire/ — A report from People’s Daily:

Yiwu, a city in east China’s Zhejiang province, is neither a coastal hub nor a border town. Yet it has built a trade network that reaches across the globe. Today, the city is home to more than 10,000 foreign-invested businesses and around 38,000 foreign merchants who live and work there.

People’s Daily reporters recently visited Yiwu to meet foreign entrepreneurs who have built successful businesses and settled down in the city. They shared stories of growing alongside Yiwu and becoming part of its remarkable transformation.

“I wouldn’t be where I am today without Yiwu,” said Senegalese businessman Sourakhata Tirera, a sentiment he often expresses. He first came to Yiwu in 2003 to source hardware products and was immediately impressed by the Yiwu International Trade Market. He noted, “If you can’t find something here, it’s probably because you haven’t searched carefully enough.”

In 2007, Tirera opened a foreign trade agency in Yiwu. In 2012, leveraging Yiwu’s comprehensive foreign trade pilot reform project, he established a wholly foreign-owned trading company. Today, his company ships 200 to 300 containers every month, dealing in more than 1,000 product categories and providing one-stop sourcing services for clients across Africa.

“Everyone is fascinated by Yiwu because it’s a place full of opportunities. Things that once seemed impossible can become reality here,” Tirera told People’s Daily after he finished receiving a trade delegation from Gabon.

Yemeni businessman Maged Mohammed Ali Al-Huraibi came to Yiwu alone in 2008 to pursue his entrepreneurial dream and founded a cosmetics trading company. In 2024, Yiwu launched a one-stop entrepreneurship service for foreign talent, offering factory leasing, policy consultation, and talent recruitment. Seizing the opportunity, Al-Huraibi invested in a cosmetics factory early that year, successfully transitioning from trader to manufacturer.

“Yiwu made my entrepreneurial dream come true. Now I want to bring cosmetics made in Yiwu to even more countries and regions around the world,” Al-Huraibi said.

Yiwu’s success is not simply about gathering products. More importantly, it comes from the city’s ability to create what the market needs — pioneering new approaches where none exist and forging new paths through continuous exploration.

Nepalese businessman Khadka Raj Kumar first came to Yiwu in 2002. In 2011, Yiwu pioneered a dual-track system for representative offices and foreign-invested business entities, addressing challenges related to residency, employment and business operations for foreign entrepreneurs. The following year, Kumar established his own trading company in Yiwu and later bought a home there.

In 2013, Yiwu established China’s first people’s mediation committee dedicated to foreign-related disputes, inviting foreign businesspeople to serve as mediation processes. Kumar has served in this role since 2017 and has participated in resolving more than 150 foreign-related disputes.

“In Yiwu, we’re not outsiders — we’re part of the local community,” he said.

As Yiwu’s sixth-generation marketplace, the Yiwu Global Digital Trade Center marks the city’s transition from traditional trade to a digital trade ecosystem.

Pakistani businessman Sheikh Jamil, who has operated in Yiwu for 21 years, has witnessed this transformation firsthand. According to him, more and more business is now conducted online. With the help of AI, he can quickly generate product solutions tailored to different market demands. “I can do business with the whole world without leaving my office,” he said.

Yemeni businessman Hasan Mohammed entered Yiwu’s cosmetics business as a distributor a decade ago. In 2018, he registered his own cosmetics brand in Saudi Arabia. With its products registered in Saudi Arabia, manufactured in China and sold worldwide, his business model delivers both high-quality products and a strong competitive edge.

“Yiwu is more like an ecosystem where ideas can quickly become reality. It offers not only opportunities, but also the potential for continuous growth,” said Mohammed.

For Brazilian businesswoman Ana Garcia, Yiwu’s transformation from “Made in Yiwu” to “Created in Yiwu” has been fueled by broad support in branding, digital innovation and global expansion. She founded a business consultancy that helps overseas clients identify market opportunities and sourcing needs, connect with qualified suppliers, and manage every step of the supply chain — from product selection and quality inspection to logistics and customs clearance.

Yiwu belongs not only to China, but also to the world. Together with entrepreneurs from around the globe, the city will continue turning the impossible into the possible, further burnishing its reputation as the “world’s supermarket” and ensuring that products created in Yiwu benefit people in more countries.

View original content:https://www.prnewswire.com/apac/news-releases/foreign-entrepreneurs-find-business-opportunities-and-a-home-in-yiwu-302829158.html

SOURCE People’s Daily

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Technology

New Datingsmatch Survey: 1 in 5 Users Say a Wink Led to a Conversation

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New findings from a Datingsmatch.com user survey show that the smallest gestures are doing more of the communication work than most people realize.

GIBRALTAR, July 19, 2026 /PRNewswire-PRWeb/ — People tend to think about opening messages as the moment a conversation actually starts online. The carefully worded introduction, the line someone spent time writing and then rewrote. What the data from a recent Datingsmatch survey points to is something different: for a meaningful share of users, none of that is where things began. It began with a wink.

According to the survey, 1 in 5 users of Datingsmatch reported that a wink was what got a conversation going. One-fifth of respondents, spread across different age groups and usage habits, identified that a single small gesture as the moment something actually started between two people.

What the Datingsmatch Survey Found

The survey was conducted among 5,000 users of the Datingsmatch online communication platform in June 2026, with participants asked to voluntarily share their experiences. The aim was to get a clearer picture of how conversations tend to begin, what it is that people hesitate about, and what eventually prompts someone to go ahead and reach out.

The wink finding was among the more consistent findings from the responses. Among users who described a conversation they felt good about, a notable portion were able to trace it back to a wink being sent first, whether they had sent it or received it. The reverse situation, where someone sent a cold message with no prior signal of any kind, was something respondents described as harder on both sides of the exchange.

That tracks with what broader research also points to. A 2023 Pew Research Center survey found that 55% of online daters felt insecure about the number of messages they received, and 36% felt overwhelmed by incoming contact. What that suggests is not that people don’t want to connect — it’s that the way contact gets initiated matters a great deal for how it lands.

Why Small Signals Carry More Weight Than They Seem

The Datingsmatch survey also looked at what stops people from reaching out when they want to. Uncertainty came up repeatedly. Not knowing whether someone is open to hearing from you. Not wanting to guess wrong and feel like you’ve overstepped.

What respondents described is not a lack of interest in connecting. It’s the absence of a clear enough signal that the other person is open to it. A Datingsmatch wink feature provides exactly that. It’s visible, unambiguous, and low-commitment enough that neither person has to feel exposed by it. For those still finding their footing on the platform, the beginner’s guide to the Datingsmatch platform walks through how these features work and how to use them effectively.

This connects to a 2024 study published in the journal Cyberpsychology, Behavior, and Social Networking that examined online rejection: ghosting was the most common form of rejection in digital communication, even after substantial prior exchanges. The fear that a message will simply be ignored — without any acknowledgment — is a real barrier. A lower-stakes signal reduces that barrier because the cost of no response feels smaller.

Datingsmatch notes, based on what survey participants shared, that this kind of low-friction signal seems to work differently than most people expect. It doesn’t just start conversations. It seems to reduce the gap that many users described feeling between “I want to reach out” and “I actually did.”

How People Actually Use the Wink Feature on Datingsmatch

Survey responses offered a more specific picture of the behavior. Winks were not being used randomly or as a form of mass outreach. Respondents described using them deliberately, on users they had spent time looking at, toward people they were genuinely interested in but not yet sure about approaching with a message.

Some users described sending a wink as a way of checking whether there was any openness to further contact, without having to commit to a full message exchange in order to find out. Others who had been on the receiving end of a wink said it was something they found easier to respond to, in part because it did not feel like it was asking too much of them too soon. There were also respondents who noted that when a wink had gone back and forth between two people, the first actual message felt less like an approach out of nowhere and more like a natural continuation of something that had already started.

Datingsmatch customer service regularly hears from users that knowing how to start a conversation is one of the things people think about most when they first join the platform. The survey data puts some numbers to what those conversations have long suggested.

What This Means for How the Platform Thinks About Connection

Datingsmatch highlights that findings like these shape how the platform continues to think about the role of small, low-pressure interactions in the overall experience. A conversation that begins with a wink is not a lesser conversation. Survey respondents who traced their most valued exchanges back to a wink described those conversations in consistently positive terms.

The platform sees value in giving users multiple ways to signal interest at different levels of commitment. A message is a commitment. A wink is an invitation. Both have a place, and the data suggests that for a meaningful portion of users, the invitation comes first and matters more than it might look like from the outside.

About Datingsmatch

Datingsmatch is an online communication platform that gives people a range of ways to connect online. The platform is built around the idea that how a conversation starts shapes everything that follows, and that not every interaction needs to begin with a message. Datingsmatch operates globally and continues to develop its communication tools based on how users actually engage with each other.

Media Contact

Elizabeth Fielden, Datingsmatch, 1 5869132511, review@datingsmatch.com, https://datingsmatch.com/

View original content:https://www.prweb.com/releases/new-datingsmatch-survey-1-in-5-users-say-a-wink-led-to-a-conversation-302828676.html

SOURCE Datingsmatch

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