Financial targets and dividend policy
Both financial and sustainability goals benefit our strategy for profitable growth.
A responsible business with stable finances and efficient resource use is essential for Munters to carry out its strategy.

Mid-term financial targets
Net sales growth
Goal - Annual currency adjusted growth of net sales of >14%
- Outcome 2024 - Currency adjusted net sales increased by 12%
Adjusted EBITA-margin
Goal - An adjusted EBITA margin of >14% in the medium term
- Outcome 2024 - The adjusted EBITA-margin was 15.1%
Operating working capital
Goal - Average (LTM) operating working capital (OWC) in the range of 13–10 % of net sales
- Outcome 2024 - OWC of net sales amounted to 10.2%
Dividend policy
According to the dividend policy adopted by the Board of Directors, Munters’ aim is to pay an annual dividend corresponding to 30-50 percent of net income for the year. The payout decision will be based on the company’s financial position, investment needs, acquisitions and liquidity position. There can be no assurances whether in any given year a dividend will be proposed or declared, however.
- Dividend 2024: 30% (SEK 1.60 per share).