Zehnder : Six-month Report 2023(1.9 MB)

Zehnder Group Six-month Report 2023

Table of contents

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

Zehnder Group Six-month Report 2023

Key figures

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Key figures 1st half-year

Zehnder Group Six-month Report 2023

Key figures

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				Change from
		1 st half-year	1 st half-year	prior year
		2023	2022	in %
Sales	EUR million	407.0	399.6	1.8
EBITDA 1	EUR million	49.5	48.3	2.4
	% of sales	12.2	12.1
EBIT	EUR million	37.5	36.9	1.6
	% of sales	9.2	9.2
Net profit 2	EUR million	27.7	29.4	-6.0
	% of sales	6.8	7.4
Cash flow from operating activities	EUR million	22.3	11.6	92.8
Investments in property, plant and equipment & intangible	EUR million	12.4	11.4	9.0
assets
Depreciation & amortisation	EUR million	12.0	11.4	5.0
Total assets	EUR million	537.6	562.7	-4.5
Non-current assets	EUR million	226.9	230.4	-1.5
Net liquidity/(net debt) 1	EUR million	24.3	23.3	4.1
Total equity	EUR million	336.0	327.7	2.5
	% of total assets	62.5	58.2
Number of employees	Ø full-time	3,865	3,772	2.5
	equivalents
Market closing price registered share A	CHF	72.40	56.50	28.1
Registered shares A (CHF 0.05 par value)	Units	9,756,000	9,756,000	-
Own shares	Ø Units	418,771	216,426	93.5
Registered shares B	Units	9,900,000	9,900,000	-
(not listed; CHF 0.01 par value)
Non-diluted net profit per registered share A 2	EUR	2.39	2.46	-2.9
Shareholders' equity per registered share A 2	EUR	28.2	26.8	5.2

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

Zehnder Group Six-month Report 2023

Company profile and locations

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Company profile

Zehnder Group provides worldwide leading solutions for a comfortable, energy- efficient and healthy indoor climate. The products and services of the Group include heating, cooling, indoor ventilation and air cleaning. The Group develops and manufactures its products at its own factories in Europe, China and North America. In the financial year of 2022, Zehnder Group had about 4,000 employees and achieved sales of EUR 812 million. The company is listed on the SIX Swiss Exchange (symbol: ZEHN, number: 27 653 461). The unlisted registered shares B are held directly or indirectly by the Zehnder family and persons closely associated with them.

Locations