Six-month Report 2020
Management Report Financial ReportManagement Report
Dear shareholders,
Zehnder turns 125 years old this year – but the novel coronavirus has meant that, instead of celebrating, we have been focusing our attention on protecting our employees against infection while continuing to serve our customers as effectively as possible. By introducing some countermeasures as an immediate response to the COVID-19 pandemic, we have managed to keep the negative impact on our operating result to a minimum. Although we still have some challenging months ahead of us, our outlook remains upbeat. The strong innovation and constant change we have seen over our 125-year history is testament to our position as a company that recognises and seizes opportunities. We take a long-term view and adopt sustainable approaches – and we will keep striving to achieve the very best indoor climate for our customers in the future.
Key Figures
|
|
|
1st half-year 2020 |
1st half-year 2019 |
Change from prior year % |
|
Sales |
EUR million |
283.9 |
313.6 |
– 9.5 |
|
EBITDA 1 |
EUR million |
28.5 |
28.9 |
– 1.4 |
|
|
% of sales |
10.0 |
9.2 |
|
|
EBIT |
EUR million |
17.5 |
17.1 |
2.1 |
|
|
% of sales |
6.2 |
5.5 |
|
|
Net profit 2 |
EUR million |
12.7 |
13.2 |
– 4.1 |
|
|
% of sales |
4.5 |
4.2 |
|
|
Cash flow from operating activities |
EUR million |
40.6 |
0.9 |
– |
|
Investments in property, plant and equipment & intangible assets |
EUR million |
9.1 |
10.0 |
– 9.4 |
|
Depreciation & amortisation |
EUR million |
11.0 |
11.8 |
– 6.4 |
|
Total assets |
EUR million |
480.5 |
454.2 |
5.8 |
|
Non-current assets |
EUR million |
207.2 |
206.2 |
0.5 |
|
Net liquidity / (debt) 1 |
EUR million |
51.3 |
– 1.4 |
– |
|
Shareholders' equity 2 |
EUR million |
307.7 |
282.4 |
9.0 |
|
|
% of total assets |
64.0 |
62.2 |
|
|
Number of employees |
Ø full-time equivalents |
3,312 |
3,434 |
– 3.6 |
|
Market closing price registered share A |
CHF |
37.20 |
35.55 |
4.6 |
|
Registered shares A (CHF 0.05 par value) |
Units |
9,756,000 |
9,756,000 |
– |
|
Own shares |
Ø Units |
72,404 |
128,075 |
– 43.5 |
|
Registered shares B (not listed; CHF 0.01 par value) |
Units |
9,900,000 |
9,900,000 |
– |
|
Net profit per registered share A 3 |
EUR |
1.06 |
1.08 |
– 2.2 |
|
Shareholders' equity per registered share A 3 |
EUR |
25.1 |
23.1 |
8.8 |
1 For further information please refer to: [link:Alternative Performance Measures;url:https://report.zehndergroup.com/h2020/en/?p=273 ].
2 Including minority interests
3 Excluding minority interests
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 five in China and 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 644 million in 2019. 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 share A
|
Security number |
27 653 461 |
|
SIX |
ZEHN |
|
Bloomberg |
ZEHN SW |
|
Reuters |
ZEHN S |
In accordance with Art. 10 of the articles of association, the opting out clause applies.
Registered share B (unlisted)
|
Security number |
13 312 654 |
Company calendar
|
Six-month report 2020 |
29.07.2020 |
|
End of business year 2020 |
31.12.2020 |
|
Announcement of sales for 2020 |
15.01.2021 |
|
Financial statements 2020 and media/analyst conference |
24.02.2021 |
|
Annual General Meeting 2021 |
26.03.2021 |
|
Six-month report 2021 |
28.07.2021 |
News and reports, as well as this six-month report, are available in German and English. The German version is binding.
News are published at
www.zehndergroup.com/en/news.
Reports are published at
www.zehndergroup.com/en/investor-relations/reports-and-presentations.