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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Zehnder Group
Zehnder Group (ZEHN) investor relations material
Zehnder Group H2 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 TU earnings summary16 Jan, 2026
Executive summary
Sales increased by 8% to EUR 760.7 million in 2025, with organic growth of 7%.
Ventilation segment sales exceeded EUR 500 million for the first time, now representing 66% of total sales.
Radiator segment sales declined by 8% due to reduced renovation activity and economic uncertainty.
Financial highlights
Total sales reached EUR 760.7 million, up from EUR 705.8 million year-over-year.
The Siber acquisition contributed 3% to total sales growth; currency effects reduced growth by 1%.
Organic sales growth was 7%, with a net effect of acquisitions/divestments at EUR 12.5 million.
Outlook and guidance
Full annual financial statements for 2025 will be published on 26 February 2026.
Forward-looking statements are subject to risks including macroeconomic trends, regulatory changes, and currency fluctuations.
Reasons for H2 sequential sales drop?
Radiator segment strategy to reverse decline?
Impact of China's market on future growth?
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Next Zehnder Group earnings date
H2 202526 Feb, 2026
Zehnder Group
Next Zehnder Group earnings date
H2 202526 Feb, 2026
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Frequently asked questions
Zehnder Group AG specializes in creating solutions for a healthy and comfortable indoor climate. The company manufactures and markets a wide range of products including radiators, ventilation systems, heating and cooling ceilings, and air purification units. Zehnder's offerings cater to various types of environments such as hospitals, apartments, schools, offices, and industrial spaces. The company's products and systems are marketed under several well-known brands, including Zehnder, Acova, and Core. The company is headquartered in Gränichen, Switzerland, and its shares are listed on the SIX Swiss Exchange.
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