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Meier Tobler Group (MTG) investor relations material

Meier Tobler Group H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary24 Jul, 2025

Executive summary

  • Revenue for H1 2025 was CHF 234.8 million, down 1.7% year-over-year; organic decline was 0.9% after adjusting for a divestiture.

  • EBITDA increased 0.7% to CHF 17.3 million, with margin improving to 7.4% from 7.2% year-over-year.

  • Net income fell to CHF 7.3 million from CHF 8.0 million, mainly due to higher tax expenses and ongoing goodwill amortization.

  • Operational progress included logistics optimization and successful SAP S/4HANA ERP rollout.

Financial highlights

  • EBIT was CHF 9.8 million, stable year-over-year.

  • EPS (weighted) was CHF 0.66, down from CHF 0.72 year-over-year.

  • Operating cash flow was negative CHF 14.0 million, slightly improved from negative CHF 14.5 million in H1 2024.

  • Net debt increased to CHF 54.3 million from CHF 43.8 million a year earlier.

  • Equity ratio stood at 47.8% at June 30, 2025, compared to 48.3% a year ago.

Outlook and guidance

  • Strategy focuses on growth in four business areas and operational improvements.

  • Positive market indicators (building permits, interest rates) suggest potential recovery.

  • No financial guidance issued due to geopolitical uncertainties.

  • Further details on share buyback program to be provided in Q3 2025.

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Frequently asked questions

Meier Tobler Group AG is a Switzerland-based company focused on the trade and services within the heating and air conditioning industry. The company offers a comprehensive range of products including heat pumps, wood heaters, solar thermal systems, gas and oil heaters, as well as systems for heating, ventilation, and air conditioning (HVAC). Additionally, Meier Tobler Group provides sanitary products and operates a network of stores offering related goods and services. The company is headquartered in Schwerzenbach, Switzerland, and its shares are listed on the Swiss Exchange.

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