Zehnder : Six-month Report 2022

Zehnder Group Six-months Report 2022

Table of contents

2

Table of contents	3	Key figures
	5	Company profile
	5	Locations
	20	Further information for investors

6	Management Report

11	Financial Report

1. Consolidated balance sheet
2. Consolidated income statement
3. Consolidated cash flow statement
4. Consolidated statement of changes in equity
5. Segment reporting
6. Sales by region and segment
7. Notes to the interim financial statements

19 Alternative performance measures

Zehnder Group Six-months Report 2022

Key figures

3

Key figures 1st half-year

Zehnder Group Six-months Report 2022

Key figures

4

		1st half-year	1st half-year	Change from
		2022	2021	prior year in %
Sales	EUR million	399.6	348.8	14.6
EBITDA 1	EUR million	48.3	50.1	- 3.5
	% of sales	12.1	14.4
EBIT	EUR million	36.9	37.7	- 2.2
	% of sales	9.2	10.8
Net profit 2	EUR million	29.4	33.0	- 10.9
	% of sales	7.4	9.5
Cash flow from operating activities	EUR million	11.6	42.1	- 72.5
Investments in property, plant and equipment & intangible assets	EUR million	11.4	9.2	23.3
Depreciation & amortisation	EUR million	11.4	12.4	- 7.6
Total assets	EUR million	562.0	532.3	5.6
Non-current assets	EUR million	229.7	197.3	16.4
Net liquidity/(net debt) 1	EUR million	23.3	110.7	- 78.9
Total equity	EUR million	325.4	343.5	- 5.3
	% of total assets	57.9	64.5
Number of employees	Ø full-time	3,772	3,473	8.6
	equivalents
Market closing price registered share A	CHF	56.50	88.20	- 35.9
Registered shares A (CHF 0.05 par value)	Units	9,756,000	9,756,000	-
Own shares	Ø Units	216,426	91,753	135.9
Registered shares B	Units	9,900,000	9,900,000	-
(not listed; CHF 0.01 par value)
Net profit per registered share A 2	EUR	2.46	2.76	- 11.0
Shareholders' equity per registered share A 2	EUR	26.6	28.0	- 5.1

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

Zehnder Group Six-months Report 2022

Company profile and locations

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Company profile

The Zehnder Group improves quality of life with comprehensive indoor climate solutions. The globally active company develops and manufactures its products in its own plants in Europe, China and 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 segments with brands such as Zehnder, Acova and Core.

The Zehnder Group has had its headquarters in Gränichen (CH) since 1895. It employs around 4,000 people worldwide and achieved sales of EUR 697 million in 2021. 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