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Gränichen – The Zehnder Group achieved a turnover up 4% to 290.6 million euros in the first half of 2018. The operating result (EBIT) of 5, 6 million euros for the same period of the previous year more than doubled to reach 14.1 million euros. Net profit has improved significantly, from 1.6 million euros to 10.6 million euros, as announced Friday the supplier of indoor climate solutions
Zehnder Group achieved a turnover of 290.6 million euros in the first half of 2018. This represents an increase of 4% over the previous year (280.6 million euros). euros). Organic and currency-adjusted sales increased 6%. Sales growth is mainly due to ventilation activities in China and Europe. The turnover (EBIT) reached 14,1 million euros (against 5,6 million euros the previous year). The EBIT margin thus rose from 2.0% over the same period of the previous year to 4.9%.
Global strategic and operational improvement measures take effect and lead to significantly higher profitability. The significant increase in operating income impacted consolidated net income. The net profit of Zehnder Group has increased from 1.6 million euros in the same period of the previous year to 10.6 million euros in the first half of 2018.
Sales growth expected in the second half of the year
The revenue growth is expected to continue in the second half of 2018. The new products contribute to this expected growth. The activity of radiators remains difficult. But again, new products are receiving a positive response.
The group's management maintains its medium-term objectives and continues to aim for an average sales growth of 5% and an EBIT margin of 8%. For the second half of 2018, the Executive Committee assumes that sales growth will continue in a stable economic environment and that an EBIT margin slightly higher than that of the first half of 2018 can be achieved. (Zehnder / mc / ps)
Zehnder Group
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