Zehnder Group 2H25 Sales Beat Estimates on Ventilation Growth

Key Financial Highlights

Zehnder Group announced strong second-half 2025 revenues of €378 million, surpassing analyst expectations. This performance represents a 6% year-over-year organic growth, bringing full-year revenues to €761 million. The company has also confirmed its full-year EBIT margin guidance of 8.5%, aligning with market consensus.

Divisional Performance Breakdown

The company's performance was led by its Ventilation division, which posted impressive sales of €248 million, a 14% organic growth that significantly exceeded estimates. This surge is attributed to new building regulations and market share gains, particularly in the EMEA region. In contrast, the Radiator division experienced a 7% decline in organic growth, with sales of €130 million falling short of expectations due to reduced renovation activity.

Market Outlook and Confirmation

The robust growth in ventilation offset the weakness in the radiator segment, allowing Zehnder to achieve the upper end of its full-year revenue guidance. The confirmation of the 8.5% EBIT margin provides stability to the company's financial outlook. Investors will be watching for the complete results and further guidance, which are scheduled for release on February 26.

Summary

Zehnder Group's latest results showcase a tale of two divisions, with strong ventilation sales driving overall revenue growth while the radiator segment faces headwinds. The confirmed margin guidance signals confidence in profitability despite mixed divisional performance.

FAQ

Q: What were Zehnder Group's revenues in the second half of 2025?
A: The company reported revenues of €378 million, which was a 6% organic growth year-over-year.

Q: Which division performed the best for Zehnder Group?
A: The Ventilation division was the standout performer, with 14% organic growth and sales of €248 million, driven by regulatory changes and market share gains.

Q: What is Zehnder's EBIT margin guidance for the full year 2025?
A: Zehnder Group confirmed its full-year EBIT margin guidance of 8.5%, which is in line with analyst consensus.

Source: Investing.com