Financial Report

Notes to the interim financial statements

Consolidation, accounting and valuation principles

The unaudited consolidated interim report for the first six months of 2023 was drawn up in line with the provisions of Swiss GAAP FER 31. This Six-month Report is intended to be read in conjunction with the 2022 Annual Report. The error correction disclosed therein was adopted. The consolidation, accounting and valuation principles published in the 2022 Annual Report have been applied consistently in preparing this interim report.

Consolidation scope

The consolidation scope was changed in the first half of 2023 as follows:

• Merger of Ventener AB with Zehnder Group Nordic AB on 2 March 2023 in Sweden;
• Sale of OOO "Zehnder GmbH" as per 27 April 2023 in Russia.

Events after the balance sheet date

Between the balance sheet date and the publication of this Six-month Report, no significant events requiring disclosure occurred.