macro

Munters revises medium-term financial targets and adds a new ROCE goal

Munters kept its growth target above 14% at a Capital Markets Day on November 11 and set a new return-on-capital target above 15%, Reuters reported.

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what happened

Swedish company Munters Group has updated its medium-term financial targets for the next three to five years, according to Reuters. The average annual net sales growth goal of more than 14% stays unchanged, as does the adjusted EBITA margin level above 14%, but the margin is now measured under a new definition that no longer adds back amortization of operating intangible assets. Reporting under the new method starts in the fourth quarter.

The company replaced its earlier working capital target with a new goal for adjusted return on capital employed, or ROCE, above 15%. Management also said it will present its strategic direction for coming years at the event, including expansion in selected parts of the applied HVAC market.

why it matters

Management links the growth target to the current surge in data center demand, which it expects to contribute strongly to sales in the near term. Adjusted ROCE stood at 11.5% in the third quarter of 2026, so the new goal implies a considerable improvement in capital efficiency.

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Munters

sources

  1. Munters Announces Updates To Financial Targets — Reuters, 11 November 2026 at 07:35 UTC
  2. Munters announces updates to financial targets — TradingView, 11 November 2026 at 07:53 UTC

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