Munters interim report January-March 2020
"Stable profitability in a in challenging business environment"January-March 2020:
·The outbreak of Covid-19 impacted Munters in the first quarter. Demand was robust in January and February, except in China that was affected by the outbreak in February. In March demand was negatively impacted by the outbreak in Europe and Americas. In China, demand recovered somewhat mid-March.
·Order intake declined -5% (currency adjusted -8%) mainly driven by a decline in the industrial segment within business areas AirTech. Business area FoodTech increased 3%, with a flat organic