Zehnder Group records mixed results for financial year 2023

The Zehnder Group, an international player in integrated solutions for a comfortable, energy-efficient and healthy indoor climate, achieved a turnover of 762.1 million euros in the 2023 financial year. This result represents a decrease of 6% compared to the previous year. Acquisitions made a positive contribution to sales growth, despite the negative impact of currency effects and an organic decline of 7%. The ventilation segment also saw a slight decline, with sales reaching 441.1 million euros, down 2% compared to the previous year.

The group recorded a drop in its operating profit (EBIT), which stood at 60.2 million euros, corresponding to an EBIT margin of 7.9%. However, operating cash flow increased by 48%, mainly due to reductions in trade receivables and inventory. The Board of Directors proposes a dividend of CHF 1.30 per share. Despite a difficult economic environment, Zehnder Group underlines the solidity of its market position and its capacity for innovation.

For the year 2024, the company expects the market situation to remain complicated, influenced by the slowdown in the construction industry. The company is emphasizing cost reduction measures and improving operational efficiencies to strengthen its resilience in future economic scenarios.