Gränichen, Switzerland, 21 January 2011 – Zehnder Group, with international operations in the indoor climate sector (radiators and ventilation), reported a sales increase of 9% for fiscal 2010 to a total of EUR 476 million (unaudited, EUR 437 million in 2009). The radiator segment accounted for 70% of this amount and the ventilation business for 30%.
Organically and foreign exchange adjusted, total sales rose by 6%. With these results management anticipates an operating margin (EBIT) of some 11% (2009: 10%). Net income will be some 15% higher than for 2009. Results for 2010 and the annual report will be published on 29 March 2011.