Six-month Report 2021
Management Report Financial ReportManagement Report
Dear shareholders,
The products and systems that we manufacture for a healthy indoor climate were in high demand during the first half of 2021. This stemmed partly from recovery effects, which were felt most significantly in the markets that had been hardest hit by the COVID-19 pandemic in the previous year. It was also the result of a greater desire for fresh, clean air indoors and homeowners investing more in modernising their spaces. Additionally, ambitious climate targets such as those set by the European Union are promoting sustainable products and solutions aimed at reducing energy consumption in heating, cooling and ventilation applications. The supply and production chain remains strained, however. Strategically, we are continuing on the right path: we have seen further progress in our efforts to digitalise, develop innovations and make ongoing improvements, and we recorded a positive operating result during the first half of the year. Ensuring that our workforce remains healthy continues to be our utmost priority. While the majority of our employees were still working from home during the first few months of 2021, we are now looking forward to them gradually returning to our business premises.
Key figures 1st half-year
|
|
|
1 st half-year 2021 |
1 st half-year 2020 |
Change from prior year % |
|
Sales |
EUR million |
348.8 |
283.9 |
22.9 |
|
EBITDA 1 |
EUR million |
50.1 |
28.5 |
75.7 |
|
|
% of sales |
14.4 |
10.0 |
|
|
EBIT |
EUR million |
37.7 |
17.5 |
115.7 |
|
|
% of sales |
10.8 |
6.2 |
|
|
Net profit 2 |
EUR million |
33.0 |
12.7 |
161.2 |
|
|
% of sales |
9.5 |
4.5 |
|
|
Cash flow from operating activities |
EUR million |
42.1 |
40.6 |
3.6 |
|
Investments in property, plant and equipment & intangible assets |
EUR million |
9.2 |
9.1 |
1.8 |
|
Depreciation & amortisation |
EUR million |
12.4 |
11.0 |
12.1 |
|
Total assets |
EUR million |
532.3 |
480.5 |
10.8 |
|
Non-current assets |
EUR million |
197.3 |
207.2 |
– 4.8 |
|
Net liquidity/(debt) 1 |
EUR million |
110.7 |
51.3 |
115.6 |
|
Shareholders' equity 2 |
EUR million |
343.5 |
307.7 |
11.6 |
|
|
% of total assets |
64.5 |
64.0 |
|
|
Number of employees |
Ø full-time equivalents |
3,473 |
3,312 |
4.9 |
|
Market closing price registered share A |
CHF |
88.20 |
37.20 |
137.1 |
|
Registered shares A (CHF 0.05 par value) |
Units |
9,756,000 |
9,756,000 |
– |
|
Own shares |
Ø Units |
91,753 |
72,404 |
26.7 |
|
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 |
2.76 |
1.06 |
161.8 |
|
Shareholders' equity per registered share A 3 |
EUR |
27.9 |
25.1 |
11.3 |
1 For further information please refer to: Alternative performance measures.
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 17 plants, including 3 in China and 3 in 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, Fortuneway, Enervent and Recair.
The Zehnder Group has had its headquarters in Gränichen (Switzerland) since 1895. It employs around 3500 people worldwide and achieved sales of EUR 618 million in 2020. 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
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
|
Valor 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)
|
Valor number |
13 312 654 |
Company calendar
|
End of business year |
31.12.2021 |
|
Sales for 2021 |
14.1.2022 |
|
Annual Report 2021 and Media/Analyst Conference 2022 |
23.2.2022 |
|
Annual General Meeting 2022 |
7.4.2022 |
|
Six-month Report 2022 |
27.7.2022 |
News and reports, as well as this Six-month Report, are available in German and English. The German version is binding.
News are published under www.zehndergroup.com/en/news.
Reports and presentations are published under www.zehndergroup.com/en/investor-relations/reports-and-presentations.