Switzerland · Delayed Price · Currency is CHF Zehnder Group AG Earnings Call Transcripts
Fiscal Year 2026
-
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
-
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.
-
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.
-
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
-
2024 saw a 7% sales decline and a net loss due to restructuring, but ventilation and service segments showed stabilization and growth in the second half. Strategic actions included plant closures, divestments, and acquisitions, with a focus on digitalization and expanding in growth markets.
-
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.