Climate control company Munters sees no signs that demand for cooling systems for data centers is slowing, despite growing concerns surrounding AI investments.
“No, not at all”, CEO Stefan Aspman said in an interview with Dagens industri in connection with the company’s Capital Markets Day.
Order intake rose 70 percent in the third quarter, driven by the data center business DCT. On a trailing twelve-month basis, the business area’s order intake amounts to SEK 21 billion, corresponding to two-thirds of the group’s total order intake.
The company’s challenge is instead profitability, which has been pressured by the ramp-up of a new factory in Virginia and bottlenecks in the supply chain. Aspman hopes for an improvement as early as the fourth quarter, although the component shortage continues to pose a risk.
“But I think it is starting to ease a little there”, he says of the components.
The CEO also does not see any major long-term impact from political developments in the US, although individual data center projects may be delayed. He believes that clearer regulations could benefit the industry.
