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Q3 Jan-Sep - Munters

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Actionsto AddressEarningsIssuesIssueNegative margin trend inMCS and changing marketdynamicsBusiness cycle downturn /credit crunch in productdivisionsSensitivity to factory volumefluctuationsSlowdown in MistElimination Flue GasDesulphurizationAction New business model basedon Field.Link Enables overhead costreductions Market/Service footprintrestructuring Pricing model development Adjust headcount Pursue pricing,manufacturing footprintand sourcing cost Consolidation ofmanufacturing footprint Business rightsizing20

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