Annual Report 2023
Management ReportCorporate GovernanceCompensation ReportFinancial ReportManagement Report
Dear shareholders,
Looking back on an eventful but once again largely successful year, the Zehnder Group demonstrated flexibility and resilience throughout 2021. We enjoyed a strong first half of the year with large order volumes as we dealt with pent-up demand. As the year progressed, we faced ever greater challenges presented by sharply rising raw material and component prices and a gradual decline in the availability of electronic components. Developments like these slowed our growth considerably. Nevertheless, we are pleased to be able to present a solid result for the year as a whole.
PDF Publication Title: [Zehnder Group Annual Report 2023]
Key figures
|
|
|
2023 |
2022 |
% |
|
Sales |
EUR million |
762.1 |
812.5 |
–6.2 |
|
EBITDA 1 |
EUR million |
84.8 |
95.3 |
–11.0 |
|
|
% of sales |
11.1 |
11.7 |
|
|
EBIT |
EUR million |
60.2 |
71.4 |
–15.7 |
|
|
% of sales |
7.9 |
8.8 |
|
|
Net profit 2 |
EUR million |
44.6 |
56.7 |
–21.3 |
|
|
% of sales |
5.9 |
7.0 |
|
|
Cash flow from operating activities |
EUR million |
87.8 |
59.3 |
48.1 |
|
|
% of sales |
11.5 |
7.3 |
|
|
Investments in property, plant and equipment & intangible assets |
EUR million |
23.1 |
27.1 |
–14.7 |
|
Depreciation & amortisation |
EUR million |
–24.6 |
–23.9 |
2.9 |
|
Total assets |
EUR million |
516.8 |
532.8 |
–3.0 |
|
Non-current assets |
EUR million |
226.4 |
228.6 |
–1.0 |
|
Net liquidity/(net debt) 1 |
EUR million |
70.8 |
45.4 |
55.8 |
|
Shareholders’ equity 2 |
EUR million |
347.3 |
340.8 |
1.9 |
|
|
% of total assets |
67.2 |
64.0 |
|
|
ROCE 1 |
% |
17.1 |
18.9 |
|
|
Number of employees |
Ø full-time equivalents |
3,772 |
3,827 |
–1.4 |
|
Market closing price registered share A |
CHF |
53.50 |
55.80 |
–4.1 |
|
Net profit per registered share A 3 |
EUR |
3.84 |
4.84 |
–20.6 |
|
Shareholders’ equity per registered share A 3 |
EUR |
29.55 |
28.20 |
4.8 |
|
Dividend per registered share A 4 |
CHF |
1.30 |
1.80 |
–27.8 |
|
Payout ratio |
% |
35 |
37 |
|
1 See Alternative performance measures in the consolidated financial statements in the Financial Report
2 Including minority interests
3 Excluding minority interests
4 For 2023 as proposed by the Board of Directors
Company profile
Zehnder Group provides worldwide leading solutions for a comfortable, energy-efficient and healthy indoor climate. The products and services of the Group include heating, cooling, indoor ventilation, and air cleaning. The Group develops and manufactures its products at its own factories in Europe, China, and North America. In the financial year of 2023, Zehnder Group had about 3,500 employees and achieved sales of EUR 762.1 million. The company is listed on the SIX Swiss Exchange (symbol: ZEHN, number: 27 653 461). The unlisted registered shares B are held by Graneco AG, which is controlled by the Zehnder families.
Locations
Further information for investors
Contact
Zehnder Group AG
Investor Relations
Moortalstrasse 1
5722 Gränichen (CH)
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 2024 |
11.4.2024 |
|
Ex-dividend date |
15.4.2024 |
|
Dividend payout |
17.4.2024 |
|
Six-month Report 2024 |
26.7.2024 |
|
End of business year |
31.12.2024 |
|
Sales for 2024 |
17.1.2025 |
|
Annual Report 2024 and Media/Analyst Conference 2025 |
26.2.2025 |
|
Annual General Meeting 2025 |
3.4.2025 |
News and reports, as well as this Annual Report, are available in German and English. The German version is binding.
News is published under www.zehndergroup.com/en/news.
Reports and presentations are published under www.zehndergroup.com/en/investor-relations/reports-and-presentations.