15. Segment reporting
In accordance with Swiss GAAP FER 31/8, segment reporting used at top management level for corporate management is disclosed. The Zehnder Group is an indoor climate system supplier. With the two segments, Europe and China & North America, the Group is classified according to geographical regions. These are managed independently from one another and their business performance is assessed separately. The regions of China and North America are reported together on grounds of materiality. Each of them only account for 8% (previous year: 9%) of total sales.
The Europe segment comprises a total of 42 production, sales and management companies in 17 European countries. The largest locations are in Germany, France, the United Kingdom, Switzerland and the Netherlands.
The China & North America segment is comprised of a total of 11 production, sales and management companies in China and North America. These sites are located in China, the US and in Canada.
|
|
|
Europe |
China & North America |
Elimina- tions |
Total |
|
2020 |
|
|
|
|
|
|
Sales third |
EUR million |
517.2 |
100.5 |
– |
617.7 |
|
Sales intercompany |
EUR million |
4.1 |
2.6 |
– 6.7 |
– |
|
Sales |
EUR million |
521.3 |
103.0 |
– 6.7 |
617.7 |
|
EBIT |
EUR million |
41.6 |
8.9 |
– |
50.5 |
|
|
% of sales |
8.0 |
8.6 |
|
8.2 |
|
Investments in property, plant and equipment & intangible assets |
EUR million |
13.3 |
3.4 |
– |
16.7 |
|
Property, plant and equipment |
EUR million |
144.6 |
38.3 |
– |
182.9 |
|
Number of employees |
Ø full-time equivalents |
2,607 |
733 |
– |
3,340 |
|
2019 |
|
|
|
|
|
|
Sales third |
EUR million |
531.1 |
113.3 |
– |
644.4 |
|
Sales intercompany |
EUR million |
3.8 |
3.4 |
– 7.2 |
– |
|
Sales |
EUR million |
534.9 |
116.6 |
– 7.2 |
644.4 |
|
EBIT |
EUR million |
31.7 |
10.4 |
– |
42.1 |
|
|
% of sales |
5.9 |
8.9 |
|
6.5 |
|
Investments in property, plant and equipment & intangible assets |
EUR million |
17.8 |
8.2 |
– |
26.0 |
|
Property, plant and equipment |
EUR million |
154.6 |
42.7 |
– |
197.2 |
|
Number of employees |
Ø full-time equivalents |
2,650 |
763 |
– |
3,413 |