Six-month Report 2022
Management ReportFinancial ReportManagement Report
Dear shareholders,
The demand for products and systems for healthy, comfortable and sustainable buildings remained consistently positive in the first half of 2022. We have worked tirelessly to serve our customers in the best possible way despite disruptions in the supply chain and rising material, transport and operating costs. Due to our differentiated approach to cost management with a focus on profitable growth together with the contributions from our recently acquired companies, we are able to report solid business results for the first six months.
Key figures 1st half-year
|
|
|
1 st half-year 2022 |
1 st half-year 2021 |
Change from prior year in % |
|
Sales |
EUR million |
399.6 |
348.8 |
14.6 |
|
EBITDA 1 |
EUR million |
48.3 |
50.1 |
– 3.5 |
|
|
% of sales |
12.1 |
14.4 |
|
|
EBIT |
EUR million |
36.9 |
37.7 |
– 2.2 |
|
|
% of sales |
9.2 |
10.8 |
|
|
Net profit 2 |
EUR million |
29.4 |
33.0 |
– 10.9 |
|
|
% of sales |
7.4 |
9.5 |
|
|
Cash flow from operating activities |
EUR million |
11.6 |
42.1 |
– 72.5 |
|
Investments in property, plant and equipment & intangible assets |
EUR million |
11.4 |
9.2 |
23.3 |
|
Depreciation & amortisation |
EUR million |
11.4 |
12.4 |
– 7.6 |
|
Total assets |
EUR million |
562.0 |
532.3 |
5.6 |
|
Non-current assets |
EUR million |
229.7 |
197.3 |
16.4 |
|
Net liquidity/(net debt) 1 |
EUR million |
23.3 |
110.7 |
– 78.9 |
|
Total equity |
EUR million |
325.4 |
343.5 |
– 5.3 |
|
|
% of total assets |
57.9 |
64.5 |
|
|
Number of employees |
Ø full-time equivalents |
3,772 |
3,473 |
8.6 |
|
Market closing price registered share A |
CHF |
56.50 |
88.20 |
– 35.9 |
|
Registered shares A (CHF 0.05 par value) |
Units |
9,756,000 |
9,756,000 |
– |
|
Own shares |
Ø Units |
216,426 |
91,753 |
135.9 |
|
Registered shares B (not listed; CHF 0.01 par value) |
Units |
9,900,000 |
9,900,000 |
– |
|
Net profit per registered share A 2 |
EUR |
2.46 |
2.76 |
– 11.0 |
|
Shareholders’ equity per registered share A 2 |
EUR |
26.6 |
28.0 |
– 5.1 |
1 For further information please refer to: Alternative performance measures.
2 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 its own plants in Europe, 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 segments with brands such as Zehnder, Acova and Core.
The Zehnder Group has had its headquarters in Gränichen (CH) since 1895. It employs around 4,000 people worldwide and achieved sales of EUR 697 million in 2021. 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 |
31.12.2022 |
|
Sales for 2022 |
20.1.2023 |
|
Annual Report 2022 and Media/Analyst Conference 2023 |
1.3.2023 |
|
Annual General Meeting 2023 |
23.3.2023 |
|
Six-month Report 2023 |
28.7.2023 |
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.