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Q3 Jan-Sep - Munters

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Dehumidification Financial Summary – <strong>Q3</strong> 2008Net sales in line with last year;hampered by low WalMartactivityHigher raw material prices offsetby price increasesIndirect costs above trend due toredundancy costs etc.Third Quarter <strong>Jan</strong>-<strong>Sep</strong>SEK M 2008 2007 2008 2007Order Intake 511 541 1,525 1,541Growth -6% -1%Adj growth -2% 2%Net Sales 495 504 1,406 1,402Growth -2% 0%Adj growth 2% 2%EBITA Ex. One-Time 48 55 146 162EBITA Margin 9.6% 11.0% 10.4% 11.5%Q4 outlookStable development in mostareasGood order backlog, butturbulent credit marketsincreases uncertaintyEBITA 48 55 126 162EBITA Margin 9.6% 11.0%Operating Capital Turn 3.9 4.3ROOC 40% 52%6

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