Zehnder Group, with international operations in the indoor climate sector (radiators and ventilation) reported sales of EUR 524 million, an increase of 2%, for the 2012 business year (unaudited, EUR 515 million in 2011).
The radiator segment accounted for 67% (2011 68%) of this total and the ventilation business for 33% (2011 32%). Organically and foreign exchange adjusted, sales revenues remained the same as in 2011. Management anticipates that with poor growth in sales and higher advance expenses for future growth and improved efficiency, the operating profit and net income will be 20% lower than in 2011. Results for 2012 and the annual report will be published on 22 March 2013.