Analyst Adela Dashian from Jefferies maintained a Buy rating on Munters Group AB (MMNNF – Research Report) and keeping the price target at SEK230.00.
Adela Dashian’s rating is based on the strategic decision by Munters Group AB to sell its FoodTech equipment division. This move is expected to streamline the company’s operations by allowing them to concentrate on more profitable and fast-growing digital initiatives, particularly in areas like Data Center Technologies.
The sale, which is anticipated to close in the first half of 2025, is projected to improve the company’s EBITA margin by approximately 0.5 percentage points. Although the divestment will result in a capital loss, the reinvestment of proceeds into high-margin areas is seen as a favorable step towards enhancing the company’s long-term growth prospects.
In another report released on February 6, Berenberg Bank also upgraded the stock to a Buy with a SEK200.00 price target.