Zehnder Group AG reported earnings results for the year 2012. For the period, the company reported Net sales EUR 523.8 million against EUR 515.4 million a year ago. EBIT was EUR 38.5 million against EUR 51.1 million a year ago. Net income was EUR 26.8 million against EUR 41.1 million a year ago. Net income before depreciation & amortization was EUR 45.1 million against EUR 58.9 million a year ago. Investments in property, plant & equipment was EUR 37.3 million against EUR 34.9 million a year ago.

The board of directors is proposing to the annual general meeting of shareholders a dividend of CHF 0.90 per bearer share.

The company provided earnings guidance for the year 2013. For the period, the company expects stable sales for the radiator segment in Europe. A mid-single-digit earnings growth is expected for the ventilation business in Europe. A comparable level of growth is anticipated in the North American and Chinese markets. The EBIT margin in 2013 is likely to at least reach the 2012 level.

At the annual general meeting of shareholders to be held on April 23, 2013, Peter Wiesendanger will retire from the board of directors for reasons of age. He has been a member of the board since 1988.