Integrated Annual Report 2025

Financial Report – Consolidated financial statements

Consolidated income statement

PwC SchweizPwC Switzerland

EUR million

Notes

2025

2024

Change from prior year %

Sales

17

760.7

705.8

7.8

Other operating income

18

4.5

5.7

Changes in inventories

–0.7

–4.7

Own work capitalised

2.6

2.3

Cost of materials

–264.4

–244.0

Personnel costs

–267.2

–253.7

Other operating expenses

19

–148.2

–156.2

Depreciation and impairment of property, plant and equipment

4

–21.8

–38.6

Amortisation and impairment of intangible assets

4

–2.1

–2.5

Operating result (EBIT)

63.4

14.1

348.1

Financial result

20

–3.0

–1.7

Earnings before taxes

60.4

12.4

385.4

Income taxes

21

–12.6

–14.9

Net profit/(loss)

47.8

–2.4

n/a

Attributable to:

− shareholders of Zehnder Group AG

46.3

1.7

− minority interests

1.5

–4.1

Non-diluted net profit excluding minority interests per registered share A (EUR)

22

4.16

0.15

n/a

Diluted net profit excluding minority interests per registered share A (EUR)

22

4.15

0.15

n/a

Non-diluted net profit excluding minority interests per registered share B (EUR)

22

0.83

0.03

n/a

Diluted net profit excluding minority interests per registered share B (EUR)

22

0.83

0.03

n/a

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