Strong underlying demand, organic net sales growth with solid cash flow generation

October-December 2022: · Strong order intake in business area AirTech driven by the battery sub-segment. Strong order intake for business area Data Center Technologies (DCT), offset by a cancellation of orders for evaporative cooling solutions of MSEK 465. The cancellation is caused by a whole project being stopped or redirected and is not related to Munters as a specific supplier. Business area FoodTech declined as EMEA and China remained weak, partly offset by good growth in Americas. Excl. the cancelled DCT order, order intake grew +20% FX-adjusted. · AirTech and DCT had strong