Zehnder Group AG Reports Earnings Results for the Year 2012; Proposes Dividend for the Year 2012; Provides Earnings Guidance for the Year 2013; Announces Retirement of Peter Wiesendanger as Directors
March 21, 2013
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Zehnder Group AG reported earnings results for the year 2012. For the period, the company reported Net sales EUR 523.8 million against EUR 515.4 million a year ago. EBIT was EUR 38.5 million against EUR 51.1 million a year ago. Net income was EUR 26.8 million against EUR 41.1 million a year ago. Net income before depreciation & amortization was EUR 45.1 million against EUR 58.9 million a year ago. Investments in property, plant & equipment was EUR 37.3 million against EUR 34.9 million a year ago.
The board of directors is proposing to the annual general meeting of shareholders a dividend of CHF 0.90 per bearer share.
The company provided earnings guidance for the year 2013. For the period, the company expects stable sales for the radiator segment in Europe. A mid-single-digit earnings growth is expected for the ventilation business in Europe. A comparable level of growth is anticipated in the North American and Chinese markets. The EBIT margin in 2013 is likely to at least reach the 2012 level.
At the annual general meeting of shareholders to be held on April 23, 2013, Peter Wiesendanger will retire from the board of directors for reasons of age. He has been a member of the board since 1988.
Zehnder Group AG is a Switzerland-based holding company of the Zehnder group engaged in the manufacture and marketing of heating, cooling and ventilation systems. The Companyâs activities are structured into four segments: Heating, which offers a range of heating solutions, ranging from designer radiators and radiant ceiling panels to heat pumps; Cooling, which offers solutions for indoor cooling, ranging from cooling ceiling systems to indoor ventilation; Fresh Air, which provides ventilation systems for indoor climate, they are suitable for all residential and commercial properties, new builds and renovation projects, and Clean Air, which provides clean air in buildings. The Companyâs products and systems are marketed under two international brands and several national brands, including zehnder, runtal and ACOVA, among others.
Zehnder Group AG Reports Earnings Results for the Year 2012; Proposes Dividend for the Year 2012; Provides Earnings Guidance for the Year 2013; Announces Retirement of Peter Wiesendanger as Directors