Switzerland · Delayed Price · Currency is CHF Zehnder Group AG Earnings Call Transcripts
Fiscal Year 2026
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A divisional reorganization will create autonomous units for ventilation, radiators, and light commercial activities, aiming to boost agility and execution. Leadership changes and a €10 million one-off cost are planned, with midterm targets of 5% sales growth and 10% EBIT margin reaffirmed.
Fiscal Year 2025
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Record ventilation sales and strong service growth drove an 8% revenue increase and a return to profitability, while radiator sales declined amid market pressure. Cash flow and margins improved, enabling higher dividends and full loan repayment.
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Ventilation now drives two-thirds of sales, supported by innovation, digital services, and market expansion in Europe and North America. Regulatory trends, service growth, and targeted acquisitions underpin a strategy for sustainable, profitable growth.
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Ventilation sales surged 24% year-over-year, driving group sales up 11% and EBITDA up 45%, while the radiator segment continued to decline. Cost-saving measures and production consolidation are set to support margins in H2, with full-year sales expected between €740–770 million.
Fiscal Year 2024
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Sales declined 7% in 2024 amid challenging markets, but operational improvements and strategic restructuring stabilized margins and positioned the company for recovery. Service and clean air solutions grew, and positive momentum is expected in key markets outside Germany and France.
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Sales declined 15% year-over-year due to a severe market slump, with EBIT margin before one-offs at 6.6%. Strategic investments and cost reductions continued, while the Siber acquisition and divestment of climate ceiling solutions marked key portfolio moves.