Annual Report 2006 - Munters

The year in briefOrder intake increased by 10 percent adjusted 1 to SEK 5,761 M (5,340).Excluding orders received in MCS related to the hurricanes in 2005,order intake increased by 15 percent.Net sales increased by 12 percent adjusted 1 to SEK 5,712 M (5,130).Excluding sales in MCS related to the hurricanes in 2005 and 2006,sales increased by 14 percent.Net earnings amounted to SEK 328 M (252).Earnings per share amounted to SEK 13.21 (10.17).Strong operating cash flow of SEK 375 M (181).The Board of Directors proposes an increase in dividend of SEK 1.25 toSEK 6.75 per share.The Board of Directors proposes an extra distribution of capital corresponding toSEK 20 per share, a total of SEK 492 M, through an automatic redemption programin conjunction with a 4:1 share split. Key data 2006 2005 Change, %Adjusted 1change, %Order intake, SEK M 5,761 5,340 8 10Net sales, SEK M 5,712 5,130 11 12EBIT, SEK M 529 405 31 32EBIT margin, % 9.3 7.9Earnings after fi nancial items, SEK M 514 391 31 32Net earnings, SEK M 328 252 30 31Net margin, % 5.7 4.9Earnings per share, SEK 13.21 10.17 30Operating cash fl ow, SEK M 375 181 108Return on equity, % 22.5 19.3Return on capital employed, % 28.0 22.8Return on operating capital, % 32.7 26.2Capital turnover rate, times 3.0 2.8Net debt, SEK M 257 315Equity ratio, % 48 49Number of employees at year-end 3,552 3,245 91Adjusted for currency and acquisitions and sale of operations.