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

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