Annual Report 2020
Management Report Corporate Governance Compensation Report Financial ReportManagement Report
Dear shareholders,
Early in 2020, the world was suddenly turned upside down. The COVID-19 pandemic had repercussions for every Zehnder Group site, its suppliers, customers, partners and all employees. The company’s 125th anniversary, which we were eagerly looking forward to celebrating, all but faded into the background. What hasn’t changed, however, is our pride in the Zehnder Group – and we are particularly proud of what it has achieved during this anniversary year. We have once again shown that we are able to cope with difficult situations and adapt quickly and flexibly to new circumstances.
Key figures
1 See Alternative performance measures in the consolidated financial statements in the Financial Report.
|
|
|
2020 |
2019 |
% |
|
Sales |
EUR million |
617.7 |
644.4 |
– 4.1 |
|
EBITDA 1 |
EUR million |
74.8 |
64.9 |
15.2 |
|
|
% of sales |
12.1 |
10.1 |
|
|
EBIT |
EUR million |
50.5 |
42.1 |
20.1 |
|
|
% of sales |
8.2 |
6.5 |
|
|
Net profit 2 |
EUR million |
39.9 |
31.9 |
24.9 |
|
|
% of sales |
6.5 |
5.0 |
|
|
Cash flow from operating activities |
EUR million |
95.3 |
43.1 |
121.0 |
|
|
% of sales |
15.4 |
6.7 |
|
|
Investments in property, plant and equipment & intangible assets |
EUR million |
16.7 |
26.0 |
– 35.6 |
|
Depreciation & amortisation |
EUR million |
– 24.3 |
– 22.8 |
6.2 |
|
Total assets |
EUR million |
498.6 |
470.5 |
6.0 |
|
Non-current assets |
EUR million |
198.9 |
211.8 |
– 6.1 |
|
Net liquidity/(net debt) 1 |
EUR million |
96.4 |
25.5 |
278.2 |
|
Shareholders’ equity 2 |
EUR million |
326.9 |
303.0 |
7.9 |
|
|
% of total assets |
65.6 |
64.4 |
|
|
ROCE 1 |
% |
17.0 |
11.4 |
|
|
Number of employees |
Ø full-time equivalents |
3,340 |
3,413 |
– 2.1 |
|
Market closing price registered share A |
CHF |
59.10 |
45.60 |
29.6 |
|
Net profit per registered share A 3 |
EUR |
3.34 |
2.64 |
26.6 |
|
Shareholders’ equity per registered share A 3 |
EUR |
26.77 |
24.81 |
7.9 |
|
Dividend per registered share A 4 |
CHF |
1.25 |
0.70 |
78.6 |
|
Payout ratio |
% |
35 |
24 |
|
1 See Alternative performance measures in the consolidated financial statements in the Financial Report.
2 Including minority interests
3 Excluding minority interests
4 For 2020 as proposed by the Board of Directors
Company profile
The Zehnder Group improves quality of life with comprehensive indoor climate solutions. The globally active company develops and manufactures its products in 16 plants, including 2 in China and 3 in North America. Its sales activities, spanning more than 70 countries, take place through local sales companies and representative offices.
Zehnder Group products and systems for heating and cooling, comfortable indoor ventilation and air cleaning are characterised by outstanding design and high energy efficiency. The Group is among the market and technology leaders in its business areas with brands such as Zehnder, Runtal, Acova, Bisque, Greenwood, Paul, Core, Enervent and Recair.
The Zehnder Group has had its headquarters in Gränichen (Switzerland) since 1895. It employs around 3300 people worldwide and achieved sales of EUR 618 million in 2020. The company is listed on the SIX Swiss Exchange (symbol ZEHN/number 27 653 461). The unlisted registered shares B are held by the Zehnder family and persons closely associated with them.
Locations
Further information for investors
For further information please contact:
Zehnder Group AG
Investor Relations
Moortalstrasse 1
5722 Gränichen (Switzerland
Phone + 41 62 855 1521
investor-relations@zehndergroup.com
www.zehndergroup.com
Registered shares A
|
Valor number |
27 653 461 |
|
SIX |
ZEHN |
|
Bloomberg |
ZEHN SW |
|
Reuters |
ZEHN S |
Registered shares B (unlisted)
|
Valor number |
13 312 654 |
Registered shares A
|
Annual General Meeting 2021 |
26.3.2021 |
|
Ex-dividend date |
30.3.2021 |
|
Dividend payout |
1.4.2021 |
|
Six-month Report 2021 |
28.7.2021 |
|
End of business year |
31.12.2021 |
|
Sales for 2021 |
14.1.2022 |
|
Annual Report 2021 and media/analyst conference |
23.2.2022 |
|
Annual General Meeting 2022 |
7.4.2022 |
News and reports, as well as this Annual Report, are available in German and English. The German version is binding.
News are published under www.zehndergroup.com/en/news.
Reports and presentations are published under www.zehndergroup.com/en/investor-relations/reports-and-presentations.