Releases overview | Zehnder Group AG

Group sales fell by 15% to EUR 344.7 million in the first half of 2024; ventilation and radiator segments both recorded lower sales
Operating result (EBIT) of EUR 12.5 million, corresponded to an EBIT margin of 3.6%
The divestment of the Climate Ceilings Solutions business resulted in a one-off loss of EUR 8.1 million; selective organisational adjustments led to one-off costs of around EUR 2.0 million
EBIT before one-off effects¹ stood at EUR 22.6 million; the EBIT margin before one-off effects¹ of 6.6% stabilised at the level of the second half of 2023
Cash flow from operating activities decreased to EUR 14.3 million (–36%)

Zehnder strengthens its residential ventilation business in line with its strategy by acquiring Siber in Spain
Complementary geographical presence and strong strategic fit in terms of customers and products
Siber expects sales of around EUR 37 million for the 2024 financial year
Closing expected to take place in the coming weeks

The non-core Climate Ceiling Solutions business has been loss-making in recent years
Private Assets takes over German Climate Ceiling Solutions unit
One-off loss of about EUR 10 million (mostly cash neutral) expected
Continued focus on execution of strategy in core businesses
Outlook for the first half of 2024: Sales decline in the mid-teen percentage range and an EBIT margin before one-off effects of 6-7 %

Management report, annual financial statements and consolidated financial statements 2023 approved
Dividend of CHF 1.30 per registered share A endorsed
Reelection of the Board of Directors and Chairman of the Board of Directors
Sustainability report, capital reduction and all other proposals of the Board of Directors approved

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