Zehnder : Six-month Report 2021(1.5 MB)

Zehnder Group Six-month Report 2021

Table of contents

2

Table of contents	3	Key figures
	5	Company profile
	5	Locations
	19	Further information for investors
6	Management Report
11	Financial Report
	11	Consolidated balance sheet
	12	Consolidated income statement
	13	Consolidated cash flow statement
	14	Consolidated statement of changes in equity
	15	Segment reporting
	16	Sales by region and business area
	17	Notes to the interim financial statements
	18	Alternative performance measures

Zehnder Group Six-month Report 2021

Key figures

3

Key figures 1st half-year

Zehnder Group Six-month Report 2021

Key figures

4

		1st half-year	1st half-year	Change from
		2021	2020	prior year %
Sales	EUR million	348.8	283.9	22.9
EBITDA1	EUR million	50.1	28.5	75.7
	% of sales	14.4	10.0
EBIT	EUR million	37.7	17.5	115.7
	% of sales	10.8	6.2
Net profit 2	EUR million	33.0	12.7	161.2
	% of sales	9.5	4.5
Cash flow from operating activities	EUR million	42.1	40.6	3.6
Investments in property, plant and equipment & intangible assets	EUR million	9.2	9.1	1.8
Depreciation & amortisation	EUR million	12.4	11.0	12.1
Total assets	EUR million	532.3	480.5	10.8
Non-current assets	EUR million	197.3	207.2	- 4.8
Net liquidity/(debt) 1	EUR million	110.7	51.3	115.6
Shareholders' equity 2	EUR million	343.5	307.7	11.6
	% of total assets	64.5	64.0
Number of employees	Ø full-time	3,473	3,312	4.9
	equivalents
Market closing price registered share A	CHF	88.20	37.20	137.1
Registered shares A (CHF 0.05 par value)	Units	9,756,000	9,756,000	-
Own shares	Ø Units	91,753	72,404	26.7
Registered shares B	Units	9,900,000	9,900,000	-
(not listed; CHF 0.01 par value)
Net profit per registered share A 3	EUR	2.76	1.06	161.8
Shareholders' equity per registered share A 3	EUR	27.9	25.1	11.3

1. For further information please refer to: Alternative performance measures.
2. Including minority interests
3. Excluding minority interests

Zehnder Group Six-month Report 2021

Company profile and locations

5

Company profile

The Zehnder Group improves quality of life with comprehensive indoor climate solutions. The globally active company develops and manufactures its products in 17 plants, including 3 in China and 3 in 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 business areas with brands such as Zehnder, Runtal, Acova, Bisque, Greenwood, Paul, Core, Fortuneway, Enervent and Recair.

The Zehnder Group has had its headquarters in Gränichen (Switzerland) since 1895. It employs around 3500 people worldwide and achieved sales of EUR 618 million in 2020. 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