Annual report 2008 - Munters

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8 Business focus Munters’ product offering and services contribute to sustainable development Munters is a technology company with products and services that contribute to sustainable development. Munters’ ambition is to develop its business to achieve sustainable solutions that provide both environmental and financial benefits for its customers and society as a whole. The Group’s product divisions, Dehumidification and HumiCool, manufacture and market product solutions that combine low energyconsumption with the lowest possible environmental impact. The MCS division’s methods for limiting damage and drying instead of demolition and new construction result in less wasted resources. Market segments and core technologies Within the product divisions, the most important segments are: • Industrial-process air treatment • Comfort-oriented climate control • Climate control for the AgHort industry • Flue-gas cleaning for coal-fired power plants. Within the MCS division, Munters is building on its position as a world leader in damage restoration and temporary climate control. Munters has a number of core technologies that are applied to these market segments: • Dehumidification • Humidification • Air cooling (direct and indirect evaporative cooling and heating) • Heat-exchange technology • Mist elimination. Dehumidification and ventilation products Dehumidification division Standard products for dehumidification of air and ventilation of premises. Handles air flows up to 1,400 m 3 per hour. Customer value (example) Products protect against condensation, corrosion and rust in the power industry. Prevents taste and odor contamination in the production of food. Manufacturing primarily in Sweden and China. Products ML-series MX-series M120/M300 HC-series Other Customer segments A r c h i v e s / warehouses Transport Power industry Food industry Other Sales channels Directly to endcustomer Building contractors External sales representatives Distributors End markets C Europe Americas Asia Share of sales Dehumidification and ventilation products Rest of division Comfort systems Energy-efficient systems that control both humidity and temperature in both commercial and public premises. Handles air flows up to 100,000 m 3 per hour. Customer value (example) The systems create a comfortable indoor climate. They prevent mold formation and thus minimize the risk of allergies. The systems are energy-efficient and have low operating costs in that they use patented heat-exchange technology. Manufacturing primarily in the US and Belgium. Products DryCool/ DryCool ERV Wringer NA-series Oasis/EPX DesiCool Customer segments Department stores Schools Offices and public buildings Pharmaceuticals industry Other Sales channels Directly to endcustomer Building contractors External sales representatives End markets Europe Americas Asia Share of sales Comfort systems Rest of division Process systems Customized solutions for air treatment and humidity control for industrial processes with high requirements on air quality and flow precision. Handles flows of more than 10,000 to 150,000 m 3 per hour. Customer value (example) The systems deliver absolutely dry air, thus ensuring the highest efficiency in the manufacture of pharmaceuticals, food and chemical products. They remove solvents from emissions from production processes. Manufacturing primarily in the US and Germany. Products ICA/DDS HCD Plus Thermo/Z-duct MDU Zeol Other Customer segments Food industry Chemical industry Pharmaceutical industry Electronics and semiconductor industry Other Sales channels Directly to endcustomer External sales representatives End markets Europe Americas Asia Share of sales Process systems Rest of division
Business focus 9 HumiCool division AgHort products The product range makes it possible to create total solutions for controlling the climate in facilities for breeding livestock and greenhouse cultivation. Customer value (example) Through the use of evaporative cooling methods and specially designed heaters, very energyand cost-efficient climate solutions are created. Manufacturing primarily in Italy and the US. Products Fans Cooling pads Suction pumps Heaters Other Customer segments Poultry industry Greenhouses Pig farms Dairies Sales channels OEM Distributors Directly to endcustomer End markets Europe Americas Asia Share of sales AgHort products Rest of division HVAC & GTEC products and systems Products intended for climate control limited in space or time for what is called spot climate control (HVAC). Systems for cooling air to gas turbines (GTEC). Customer value (example) These solutions are very cost-efficient and optimized for heating or cooling of small areas where there is a need only during shorter periods of the year. Manufacturing primarily in Italy, the US, Mexico and China. Products Cooling systems Products for climate control Cooling pads Customer segments Industry Construction Other Sales channels OEM Resellers Distributors Building contractors Installers End markets Europe Americas Asia Share of sales HVAC and GTEC products and systems Rest of division Mist Elimination systems Products based on mechanical separation of liquid and gas called mist elimination. Customer value (example) These systems reduce environmentally hazardous sulfur emissions from coal-fired power plants by as much as 90 percent. Manufacturing primarily in Germany and the US. Products DF/DCF DH5000/DV270/ DS8200 DV210/DV880 Customer segments Power industry Industry Maritime Other Sales channels OEM Engineering and technical consultants External sales representatives Directly to endcustomer End markets Europe Americas Asia Share of sales Mist Elimination systems Rest of division Moisture Control Services (MCS) division Damage restoration Services in damage restoration for every conceivable environment from restoration of private property to large-scale commercial damage and cleaning after major individual events. Customer value (example) High availability, fast response times and modern technology and work processes enable costeffective and environmentally friendly restoration. Services Water damage restoration Fire damage restoration Reconstruction Leakage control Other Customer segments Insurance companies Public buildings Property managers Industry Other Sales channels Framework agreements with insurance companies Keya accounts Local sales End markets Europe Americas Asia Share of sales Damage restoration Rest of division Temporary climate control Services for providing a temporary environment to eliminate corrosion in surface finishing in places with high humidity and to limit or prevent disturbances in production processes in conjunction with construction and maintenance work. Customer value (example) With a temporary installation and the use of energy-efficient products, a cost-effective solution is achieved. Services Industrial applications Surface processing Construction climate Other Customer segments Insurance companies Public buildings Property managers Industry Sales channels Key accounts Local sales End markets Europe Americas Asia Share of sales Temporary climate control Rest of division Munters Annual Report 2008
Page 1 and 2: APpROVED INDoOR CLIMATE bY MUNTeRS
Page 3 and 4: Munters 2008 The year in brief •
Page 5 and 6: Group overview 1 Rubrik Energy-effi
Page 7 and 8: CEO’s statement 3 “Although the
Page 9: Strategic focus 5 Prioritized activ
Page 14 and 15: 10 Business focus Core values - res
Page 16 and 17: 12 Personnel Entrepreneurial spirit
Page 18 and 19: 14 Dehumidification division
Page 20 and 21: 16 Dehumidification division Contin
Page 22 and 23: 18 Dehumidification division Global
Page 24 and 25: 20 HumiCool division
Page 26 and 27: 22 HumiCool division Dramatic marke
Page 28 and 29: 24 HumiCool division Mist Eliminati
Page 30 and 31: 26 Moisture Control Services (MCS)
Page 36 and 37: 32 Risks and risk management Risks
Page 38 and 39: 34 The share and shareholders The s
Page 40 and 41: 36 Corporate governance report Corp
Page 42 and 43: 38 Corporate governance report Inte
Page 44 and 45: 40 Board of Directors and Auditors
Page 46 and 47: 42 Board of Directors’ report Boa
Page 48 and 49: 44 Board of Directors’ report in
Page 50 and 51: 46 10-year review GROUP IFRS 1 Prio
Page 52 and 53: 48 12-quarter review GROUP 2008 200
Page 54 and 55: 50 Income statement - Group Amounts
Page 56 and 57: 52 Balance sheet - Group Amounts in
Page 58 and 59: 54 Statement of the Group’s recog
Page 60 and 61: 56 Financial statements - Parent Co
Page 62 and 63:
58 Notes companies after tax, with
Page 64 and 65:
60 Notes “Net sale value” refer
Page 66 and 67:
62 Notes Changes in the market valu
Page 68 and 69:
64 Notes 2007 Currency Proportion o
Page 70 and 71:
66 Notes Purchase price - cash purc
Page 72 and 73:
68 Notes Divisions Dehumidification
Page 74 and 75:
70 Notes NOTE 9 Financial income an
Page 76 and 77:
72 Notes NOTE 13 Patents, licenses,
Page 78 and 79:
74 Notes Categories of assets and l
Page 80 and 81:
76 Notes The Munters Group finances
Page 82 and 83:
78 Notes the insurance companies ha
Page 84 and 85:
80 Notes Remuneration and other ben
Page 86 and 87:
82 Proposed distribution of earning
Page 88 and 89:
84 Management 6 4 1 3 5 2 1 Lars En
Page 90:
Munters AB (publ) Isafjordsgatan 1,
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Annual report 2008 - Munters

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