Annual Report 2006 - Munters

ContentsCEO’s statement – Sustainable,consistent and profitable growth 2Strategic focus 4Munters yesterday, today, tomorrow 6Environment and quality 8Personnel 10Dehumidification Division 12Moisture Control Services (MCS) Division 18HumiCool Division 24Risk management 30The share and shareholders 32Corporate Governance Report 3410-year review 38Quarterly review 40Comments on the performance during the year 42Income statement 43Balance sheet 44Cash-flow statement 46Statement of the Group’srecognised income and expense 47Notes 48Proposed distribution of earnings 65Auditor’s report 66Glossary and definitions 67Board of Directors and Auditor 68Group Management 69The Board of Directors’ report comprisespages 1, 4–5, 8–31, 38–42 and 65.Financial reporting dates 2007Interim Report January–March ........................... 24 AprilAnnual General Meeting ....................................... 24 AprilInterim Report January–June ........................... 7 AugustInterim Report January–September ........... 18 OctoberYear-End Report ........................................ February 2008Annual Report 2007 .......................................... April 2008The annual report is sent to all shareholders registeredwith VPC, the Swedish Securities Register Center.