Zehnder Group acquires the Spanish company Siber, a leading regional manufacturer of residential ventilation systems
- Zehnder strengthens its residential ventilation business in line with its strategy by acquiring Siber in Spain
- Complementary geographical presence and strong strategic fit in terms of customers and products
- Siber expects sales of around EUR 37 million for the 2024 financial year
- Closing expected to take place in the coming weeks
Zehnder Group divests Climate Ceiling Solutions business
- The non-core Climate Ceiling Solutions business has been loss-making in recent years
- Private Assets takes over German Climate Ceiling Solutions unit
- One-off loss of about EUR 10 million (mostly cash neutral) expected
- Continued focus on execution of strategy in core businesses
- Outlook for the first half of 2024: Sales decline in the mid-teen percentage range and an EBIT margin before one-off effects of 6-7 %
Annual General Meeting of Zehnder Group AG approves all motions
- Management report, annual financial statements and consolidated financial statements 2023 approved
- Dividend of CHF 1.30 per registered share A endorsed
- Reelection of the Board of Directors and Chairman of the Board of Directors
- Sustainability report, capital reduction and all other proposals of the Board of Directors approved
Zehnder Group achieves sales of EUR 762.1 million with an EBIT margin of 7.9%
- Group sales decreased by 6% to EUR 762.1 million in the reporting year 2023
- Operating result (EBIT) declined by 16% to EUR 60.2 million; corresponding to an EBIT margin of 7.9%
- Cash flow from operating activities increased by 48% to EUR 87.8 million due to lower trade receivables and inventories
- Board of Directors proposes a dividend of CHF 1.30 per registered share A
Zehnder Group records a decline in sales in an increasingly challenging market environment
- Group sales decreased by 6% to EUR 762.1 million
- Acquisitions and price increases had a positive effect on revenue; declining volumes had a growing negative impact on sales in the second half of the year
- The full annual financial statements for 2023 will be published on 28 February 2024
Zehnder Group AG appoints Dorien Terpstra as Chief Commercial Officer EMEA and member of the Group Executive Committee
- Dorien Terpstra succeeds Cyril Peysson who will leave Zehnder after 23 years of service
Zehnder Group AG announces completion of share buyback programme for registered shares A
- Since 24 March 2021, a total of 487,800 (5%) of the listed registered shares A with a par value of CHF 0.05 each (“Registered Shares A”) and a total value of CHF 34,270,602 have been repurchased by Zehnder Group AG
- Cancellation of the repurchased registered shares A will be proposed by the Board of Directors at the upcoming Annual General Meeting on 11 April 2024
- Zehnder Group continues to maintain a strong balance sheet with a high equity ratio and net liquidity