Q3 Jan-Sep - Munters
Q3 Jan-Sep - Munters
Q3 Jan-Sep - Munters
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Group Highlights – <strong>Q3</strong>Order intake declined vs<strong>Q3</strong> ‘07 – down 3% adjusted– Continued relatively high activity inmost markets– WalMart new constructioncontinued to be subdued in <strong>Q3</strong>– Activity in U.S. coal plant flue gasdesulphurization market still onlow levels– Turbulent credit market affectsdistributor stock building inheatersOrder backlog at 1,377 MSEK(1,365) at end of <strong>Q3</strong> Reported sales unchanged – up 2%adjusted– MCS and DH sales relatively strong– HumiCool sales hampered by lowactivity in ME and HVAC Heaters EBITA before one-time costs 119MSEK (152) – margin 7.5% (9.5%)– Recurring earnings impacted by lowvolumes in HumiCool and weak grossmargins in MCS– MEP 2 program incurred cost in <strong>Q3</strong> of25 MSEK– 10 MSEK one-time cost related tolarge US client in receivership2
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