Financial Report

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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 2023

1 st half-year 2022

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

407.0

399.6

Currency effects

2.8

–7.5

Acquisition effects

–12.7

–25.0

Organic sales

397.1

367.1

Organic sales growth/(decline) in %

–0.6

5.3

EBITDA

Earnings before interest, taxes, depreciation and amortisation (EBITDA) is a key figure used to measure the performance of the Group.

Operating result (EBIT)

37.5

36.9

Depreciation of property, plant and equipment

11.5

11.1

Amortisation of intangible assets

0.5

0.3

EBITDA

49.5

48.3

Net liquidity/(net debt)

Net liquidity or debt is a key figure used to measure the Group’s financial liquidity or debt.

Liquid assets

52.5

61.8

Short-term financial liabilities

–22.7

–27.3

Long-term financial liabilities

–5.5

–11.1

Net liquidity/(net debt)

24.3

23.3

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