V ZUG : Download Annual Report 2021 (PDF / 7.8 MB)

V-ZUG Group

Annual Report

2021

Bringing simplicity into your

home and creativity into

your kitchen.

V-ZUG

Key Figures
2021	62.7(+27.5 %)
53.1	Operating result (EBIT)
in CHF million
Capital expenditure	Net sales total
in CHF million
and by region 2021
	in CHF million

V-ZUG is growing in all markets and operating result is rising significantly.

Net sales 2019 - 2021

623.7

(+9.5 %)

in CHF million			Switzerland 529.1
700				Europe (excluding Switzerland) 26.1
		15.2%
		11.8%	North and South America	28.2
600	11.3%
			Asia/Pacific/Others 40.4
500
400
300				63.5
200
100
0	2019	2020	2021	Cash flow from
	Switzerland			operating activities

International own brand

in CHF million

International OEM business

% International Markets in % of total net sales

Share information

Price development registered share V-ZUG Holding AG

(2021 financial year)

160
150
140
130
120
110
100
90
80
04.01.21	28.02.21	31.03.21	30.04.21	31.05.21	30.06.21	31.07.21	31.08.21	30.09.21	31.10.21	30.11.21	30.12.21
SXGE - Swiss Performance Index, SPI (adjusted)					Source: www.six-group.com (each daily closing price)
V-ZUG N - Registered share V-ZUG Holding AG
in CHF									2021	20201)
Number of shares in units					year end	6,428,571	6,428,571
Stock market capitalisation				year end	790,714,233	567,642,819
Data per share
Group net result 2)								8.62		7.45
Cash flow from operating activities 2)							9.87		17.15
Shareholders' equity 2)								69.82		67.83
Dividend									-3)		-
Stock market price					high			155.00		91.70
						low			85.50		65.50
						year end		123.00		88.30

1. Listing as of 25 June 2020.
2. Based on weighted average of outstanding shares during reporting period, see p. 79.
3. According to proposal of the Board of Directors.

Listing

The registered shares of V-ZUG Holding AG, domiciled in Zug, Switzerland (registered in the commercial register of the Canton of Zug under CHE-352.183.990), have been listed in the Swiss Reporting Standard of the SIX Swiss Exchange, Zurich, Switzerland, since 25 June 2020, and are included in the SPI (ticker symbol VZUG; security number 54 248 374, ISIN CH0542483745).

Important dates

28 April 2022 Annual General Meeting

22 July 2022 Publication of Half-Year Report

Dividend policy

V-ZUG Holding AG is aiming at a dividend policy that is primarily based on the distributable profit level. Mid- and long-term, the pay-out ratio is expected to be between 20 % and 40 % of the Group net result. In the first three years after the spin-off from the Metall Zug Group, the available financial resources of the V-ZUG Group are to be used primarily for investments in products, markets and the production sites in Zug and Sulgen, as previously communicated in the context of the spin-off. Free cash flow in the 2021 financial year was only CHF 9.0 million so the Board of Directors is proposing to the General Meeting that no dividend be paid at present.

4 Share information

Table of contents

Group Report

Letter to shareholders	06
Household Appliances	15
segment report
Sustainability	33

The V-ZUG Group	10
Real Estate	27
segment report

Corporate governance and compensation

Corporate Governance	39
Report
Executive Committee	50
Financial Report
Consolidated financial	68
statements
Multi-year key figures	110

Board of Directors	43
Compensation	59
Report

Financial statements of	102
V-ZUG Holding AG

Addresses and legal information

V-ZUG Group	111		Legal information	112

addresses

Table of contents

5