INTERIM REPORT JANUARY - JUNE 2007 SECOND QUARTER • Order intake rose 7 percent to SEK 1,688 M (1,573), up 1 percent adjusted1. • Dehumidification continued its strong growth, with high demand for energy-efficient products for commercial premises. • MCS was adversely affected by very dry weather conditions until the second half of June, when parts of Europe had heavy rain. • HumiCool continued to develop favorably, but was affected by low demand for pre-coolers for gas turbines compared with the strong second quarter in 2006. • Net sales increased by 5 percent to SEK 1,524 M (1,456), adjusted1. • Net earnings totaled SEK 70 M (79). • Continued improvement of earnings and operating margin within Dehumidification and HumiCool, excluding the newly acquired Sial. • Weakened earnings caused by dry weather and nonrecurring items of SEK 10 M within the MCS Division, and normal seasonal operating losses within Sial of SEK 10.5 M. • Cost-reduction program initiated at MCS. • Earnings per share amounted to SEK 0.95 (1.06). • Agreement signed to acquire Danish-based Turbovent at the end of June strengthens HumiCool's position in climate control for the farming industry. SIX-MONTH PERIOD • Order intake rose 3 percent to SEK 3,215 M (3,088), adjusted1. • Net sales increased by 5 percent to SEK 2,928 M (2,841), adjusted1. • Net earnings totaled SEK 148 M (150). • Earnings per share amounted to SEK 1.99 (2.02). For further information, please contact: Lars Engström, Chief Executive Officer, Tel: +46 8 626 63 03, lars.engstrom@munters.se Jonas Samuelson, Chief Financial Officer, Tel: +46 8 626 63 06, jonas.samuelson@munters.se This six-month report, along with other information, is available on www.munters.com Munters is the world leader in humidity control, offering products and services for water and fire damage restora-tion, dehumidification, humidification and air cooling. Munters' business concept is to be a global service and application-driven niche company in air treatment, with a focus on environmentally friendly and energy-efficient solutions. Operations are organized in three divisions: Dehumidification, MCS (Moisture Control Services) and HumiCool. Manufacturing, sales and service operations are conducted through the Group's own companies, which have 3,900 permanent employees in 30 countries. The Munters share is listed on the Nordic Mid Cap list
INTERIM REPORT JANUARY - JUNE 2007
| Source: Munters AB