Zehnder Group AG/Fr. ZEHN

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About Zehnder Group AG

Zehnder Group AG is a Swiss company specializing in indoor climate solutions and radiators, operating within the building technology industry. Its core products include heating, cooling, and ventilation systems, aimed at enhancing indoor air quality and energy efficiency. Founded in 1895, Zehnder is headquartered in Gränichen, Switzerland, and has a substantial presence across Europe, North America, and China. The company's strategic positioning focuses on innovation in energy-efficient solutions, supported by extensive research and development efforts. Zehnder leverages its extensive experience and broad geographic footprint to maintain a competitive edge in the global market.
Ticker
Fr. ZEHN
Primary listing
XSWX
Employees
3,640
Headquarters
Gränichen, Switzerland

Zehnder Group AG Metrics

BasicAdvanced
CHF 757M
16.99
CHF 3.96
1.32
CHF 1.40
2.08%

Bulls say / Bears say

Group sales increased 3% to €394.9 million in the first half of 2026, driven by resilient demand across its core indoor climate solutions. (dpa-AFX)
The ventilation segment delivered a 7% sales uplift to €272.1 million and saw adjusted EBIT climb 13% to €37.8 million, boosting its margin to 13.9%. (dpa-AFX)
A new divisional organizational structure, effective October 1, 2026, is expected to improve segment focus and support meeting medium-term targets of ~5% annual growth and a 9–11% EBIT margin before one-offs. (Deutsche Börse)
The radiator segment remained unprofitable in H1 2026, posting an adjusted EBIT loss of €0.1 million and a margin of −0.1%, reflecting ongoing pricing pressure. (dpa-AFX)
Cash flow from operations fell sharply to €5.1 million in H1 2026 from €22.9 million a year earlier, indicating elevated working capital and inventory build-up. (dpa-AFX)
The group's adjusted EBIT margin of 9.5% in H1 2026 sits at the lower end of its 9–11% medium-term target range, leaving limited headroom against cost inflation. (dpa-AFX) (Deutsche Börse)
Data summarised monthly by Lightyear AI. Last updated on 26 Aug 2026.

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Market data provided by CBOE Europe and Deutsche Börse.