Financial Report
Alternative performance measures
In this Six-month Report, the Zehnder Group reports financial key figures that are not defined according to Swiss GAAP FER. These alternative performance measures are intended to aid the management team as well as analysts and investors in forming a clearer understanding of the Group’s performance.
The following definitions and calculation bases of the Zehnder Group may differ from those employed by other companies.
|
Alternative performance measure |
Definition |
Calculation basis/reconciliation (in EUR million) |
1 st half-year 2021 |
1 st half-year 2020 |
|
Organic sales growth |
The organic sales growth measures the growth that the Group is able to achieve on its own. Organic sales equate to sales that have been adjusted for acquisition effects and have taken place at constant exchange rates. |
Sales |
348.8 |
283.9 |
|
Currency effects |
4.2 |
– 1.5 |
||
|
Acquisition effects |
– 1.5 |
– |
||
|
Organic sales |
351.4 |
282.4 |
||
|
Organic sales growth (decline) in % |
23.8 |
– 10.0 |
||
|
EBITDA |
Earnings before interest, taxes, depreciation and amortisation (EBITDA) is a key figure used to measure the performance of the Group. |
Operating result (EBIT) |
37.7 |
17.5 |
|
Depreciation of property, plant and equipment |
12.1 |
10.8 |
||
|
Amortisation of intangible assets |
0.3 |
0.3 |
||
|
EBITDA |
50.1 |
28.5 |
||
|
Net liquidity/(debt) |
Net liquidity or debt is a key figure used to measure the Group's financial liquidity or debt. |
Liquid assets |
121.1 |
69.9 |
|
Short-term loans |
– 3.5 |
– 10.5 |
||
|
Long-term loans |
– 6.9 |
– 8.0 |
||
|
Net liquidity/(net debt) |
110.7 |
51.3 |