Consensus estimates

Consensus is based on earnings estimates made by equity analysts covering Munters.

Estimates are updated before the publication of Munters' interim reports.

Estimates (MSEK)	2022 Q1	2022 FY
Group
Net sales	1,878	8,612
Adj. EBITA	170	1,038
Adj. EBITA margin (%)	9.1	12.1
Adj EPS 2022 (sek)		3.76
AirTech
Net sales	1,418	6,459
Adj. EBITA	164	899
Adj. EBITA margin (%)	11.6	13.9
FoodTech
Net sales	471	2,196
Adj. EBITA	30	230
Adj. EBITA margin (%)	6.4	10.5

Source: The Munters complied analyst consensus is solely based on input from ABG Sundal Collier, Carnegie, Jefferies, KeplerCheuvreux, Nordea and Pareto Securities (jointly called “Participating Financial Analysts”). The estimates below are based on the estimates from all participating financial analysts.