Is Major US AI Data Center Cooling Win Altering The Investment Case For Munters Group (OM:MTRS)?

• In early December 2025, Munters Group’s Data Center Technologies unit reported securing major US data center orders, including a US$82 million contract for Geoclima Circlemiser chillers to support high-performance computing and AI, with deliveries scheduled between mid-2026 and early 2027 from its expanded Virginia facility.
• These wins highlight how Munters is using the Geoclima acquisition to deepen its presence in energy-efficient cooling for AI-focused colocation and hyperscale data centers, reinforcing its position in a rapidly expanding infrastructure segment.
• We’ll now examine how this large AI-focused colocation order, delivered from Munters’ expanded US capacity, influences the company’s broader investment narrative.

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Munters Group Investment Narrative Recap

To be a Munters shareholder, you need to believe the company can turn strong data center momentum and energy-efficient technology into sustained earnings growth while managing high leverage and uneven end markets. The new US AI colocation orders strengthen the data center growth story and near term revenue visibility, but they do not materially change the key short term swing factor, which is how quickly margins and cash generation improve relative to debt-funded expansion.

The US$82 million Geoclima Circlemiser chiller order for an AI focused colocation facility is the clearest link between Munters’ acquisition strategy and its data center catalysts. It underscores how Geoclima is already feeding into record DCT demand, supporting the case that acquisitions can expand Munters’ addressable market and help offset weaker segments such as batteries and more competitive APAC exposures.

Yet, behind this strong AI order momentum, investors still need to watch the impact of elevated leverage and...

Read the full narrative on Munters Group (it's free!)

Munters Group's narrative projects SEK18.7 billion revenue and SEK1.5 billion earnings by 2028. This requires 4.6% yearly revenue growth and an earnings increase of about SEK700 million from SEK816.0 million today.

Uncover how Munters Group's forecasts yield a SEK188.00 fair value, a 4% upside to its current price.

Exploring Other Perspectives

Four fair value estimates from the Simply Wall St Community range from SEK166.85 to SEK202.22, underscoring how differently investors assess Munters’ potential. Against this spread, the recent AI driven data center orders highlight how much of the company’s future performance many are implicitly tying to DCT execution and integration of Geoclima.

Explore 4 other fair value estimates on Munters Group - why the stock might be worth 7% less than the current price!

Build Your Own Munters Group Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Munters Group research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
• Our free Munters Group research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Munters Group's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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