Year-end report 2008

Year-end report 2008

Fourth quarter
□ Order intake increased to SEK 1,661 M (1,518), - down 4% adjusted*
□ Net sales increased to SEK 1,881 M (1,737), - down 3% adjusted*
□ EBIT before intangible amortization and nonrecurring costs totaled SEK 141 M
(187), equivalent to an EBIT margin of 7.5% (10.7)
□ Costs for the MEP2 program, which is now completed, and other nonrecurring
costs totaled SEK 62 M
□ Net earnings after tax totaled SEK 18 M (101)
□ Earnings per share amounted to SEK 0.24 (1.34)
□ Strong operating cash flow of SEK 158 M (161)

Full-year
□ Order intake increased to SEK 6,515 M (6,407), - unchanged adjusted*
□ Net sales increased to SEK 6,570 M (6,262), - up 3% adjusted*
□ EBIT before intangible amortization and nonrecurring costs totaled SEK 525 M
(597), equivalent to an EBIT margin of 8.0% (9.5)
□ Costs for the MEP2 program, which is now completed, and other nonrecurring
costs totaled SEK 154 M
□ Net earnings after tax totaled SEK 165 M (336)
□ Earnings per share amounted to SEK 2.21 (4.49)
□ The Board proposes that no dividend be paid for 2008

*Pro forma, adjusted for currency fluctuations, acquisitions and divestment.

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 the insurance, food, pharma and electronics industries.
Manufacturing and sales are carried out through the Group's own companies in
more than 30 countries. The Group has slightly more than 4 100 employees and net
sales of about SEK 6.5 billion. The Munters share is listed on the OMX Nordic
Exchange Stockholm. For more information, see www.munters.com.