Gränichen, Switzerland, 6 March 2015 - Zehnder Group, which operates internationally in the indoor climate sector (radiators and ventilation), reported 2014 sales revenues of EUR 525.1 million, which is slightly higher than in 2013. Adjusted for currency effects, sales revenues were on a par with 2013. While the radiator business saw a drop in sales revenues (-4%), the ventilation business continued to grow (+8%) and now accounts for 36% (2013: 34%) of consolidated sales revenues.
Targeted cost-reduction measures, an advantageous product mix and productivity gains resulted in a significantly higher operating result (EBIT). At EUR 32.7 million, it was only slightly above 2013, which, however, included a one-off profit from the sale of property in China worth EUR 9.2 million. Compared with the prior year and excluding profits from the sale of property, EBIT rose by an impressive 41%. Net income improved by a pleasing 43% to EUR 26.0 million.