Munters: Interim report - First quarter, January - March 2010

Positive signs in an uncertain market

  * Order intake amounted to SEK 1,543 M (1,724), down 2% adjusted[1]
  * Net sales amounted to SEK 1,409 M (1,703), down 9% adjusted[1]
  * EBIT before nonrecurring items amounted to SEK 68 M (39), up 66%
    adjusted[1]. The main reasons for the improvement were higher gross margins
    in the product divisions and a reduction in overhead costs in all divisions.
  * Nonrecurring items totaled SEK 0 M (expense: 33)
  * Operating cash flow improved and amounted to SEK 52 M (neg: 13)
  * Net earnings after tax totaled SEK 37 M (loss: 22)
  * Earnings per share amounted to SEK 0.50 (loss: 0.29)


[1] Pro forma, adjusted for currency fluctuations, acquisitions and divestments


For more information, please contact:

Lars Engström, Chief Executive Officer
Tel: +46 8 626 63 03
lars.engstrom@munters.se <mailto:lars.engstrom@munters.se>

Martin Lindqvist, CFO
Tel +46 8 626 63 06
martin.lindqvist@munters.se <mailto:martin.lindqvist@munters.se>

Andreas Olofsson, VP Corp. Communications
Tel +46 8 626 54 08
andreas.olofsson@munters.se <mailto:andreas.olofsson@munters.se>

This press release is also available on  www.munters.com
<http://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-, pharma- and electronics-
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 OMX Nordic
Exchange Stockholm, Mid Cap. For more information see www.munters.communters.com
<http://www.munters.communters.com/>


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