Solid sales and EBIT again in the first half of 2023 in a challenging environment
- Group sales increased by 2% to EUR 407.0 million; for the first time, Zehnder Group achieved 60% of total sales in the ventilation segment
- Organic sales growth of 21% to EUR 62.9 million in North America
- Operating result (EBIT) rose by a slight 2% to EUR 37.5 million, which corresponds to an EBIT margin at previous year’s level of 9.2%
- EBIT margin of 14.7% in ventilation and 0.9% in radiators
- Cash flow from operating activities increased to EUR 22.3 million (+93%)
Zehnder Group achieved solid sales and EBIT again in the first half of 2023; adjusted outlook for the 2023 financial year
Six-month report 2023:
- Sales of EUR 407.0 million (+2%)
- Operating result (EBIT) of EUR 37.5 million (+2%)
Outlook 2023 financial year:
- Sales expected between EUR 780 million and EUR 820 million
(previously: further sales growth for 2023) - EBIT margin of around 8% of sales expected
(previously: EBIT margin comparable to that of 2022)
Zehnder Group publishes Sustainability Report 2022 in reference to Standards of the Global Reporting Initiative (GRI)
- CO2e reduction of about 27% (Scope 1+2) in 2022 in comparison to the previous year
- Zehnder Group has committed to the Science Based Targets initiative (SBTi)
- The revised Code of Conduct serves as cornerstone of the group-wide compliance
- Relaunch of Zehnder’s sustainability website with examples of best practice
Annual General Meeting of Zehnder Group AG approves all motions
- Management report, annual financial statements and consolidated financial statements 2022 approved
- Confirmation of dividend of CHF 1.80 per registered share A
- Reelection of the Board of Directors and Chairman of the Board of Directors
- Revision of the Articles of Association and all other agenda items confirmed
Zehnder Group increased sales by 17% to EUR 812.5 million and increased EBIT by 3% to EUR 71.4 million
- Group sales increased by 17% to EUR 812.5 million in the reporting year 2022
- Operating result (EBIT) rose slightly by 3% to EUR 71.4 million; which corresponds to an EBIT margin of 8.8%
- Net profit of EUR 56.7 million was slightly below previous year’s level (EUR 60.3 million)
- Board of Directors proposes a dividend of CHF 1.80 per registered share A (as in the previous year)
- Outlook financial year 2023: The Group aims to achieve further sales growth and an EBIT margin comparable to that of 2022
Zehnder Group increased sales by 17% to EUR 812.5 million
Gränichen (CH), 20 January 2023: Zehnder Group (SIX: ZEHN), a leading international provider of complete solutions for healthy indoor climate, increased its sales by 17% to EUR 812.5 million (unaudited) in the 2022 reporting year. Acquisitions and sales price increases had a positive impact on revenue, while the limited availability of electronic components inhibited further growth.
Zehnder Group publishes “Sustainability Status Report”
Gränichen (CH), 7 September 2022: With the “Sustainability Status Report”, the Zehnder Group (SIX: ZEHN), a leading international provider of complete solutions for a healthy indoor climate, presents an initial assessment of the status quo of the Group and the forward-looking sustainability agenda.
Solid business results in the first half of 2022
Gränichen (CH), 27 July 2022: In the first half of 2022, Zehnder Group (SIX: ZEHN), a leading international provider of complete solutions for a healthy indoor climate, increased its sales to EUR 399.6 million. Rising manufacturing costs and supply bottlenecks weighed on profitability. With an operating result (EBIT) of EUR 36.9 million and a net profit of EUR 29.4 million, the Group nevertheless achieved solid results.
Annual General Meeting of Zehnder Group AG approves all motions
Gränichen (CH), 8 April 2022: The Annual General Meeting of Zehnder Group AG (SIX: ZEHN), a leading international provider of complete solutions for a healthy indoor climate, was held on 7 April 2022. Once again, shareholders were unable to participate in person. They were able to exercise their rights in advance in writing or electronically. All of the motions made by the Board of Directors were approved by a large majority.
Zehnder Group acquires European air filter manufacturer Filtech
Gränichen (CH), 1 April 2022: The Zehnder Group (SIX: ZEHN), a leading international provider of complete solutions for a healthy indoor climate, acquires Filtech. With its headquarters in the Netherlands, the company develops, manufactures and distributes high-quality air filters – a core component of high indoor air quality.