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Meier Tobler Group AG ( (CH:MTG) ) has shared an update.
Meier Tobler Group AG reported preliminary, unaudited 2025 results showing stable net sales of CHF 496.6 million, up 0.1% year-on-year, despite a continued decline in the Swiss heat pump market, where the company nevertheless gained further market share. EBITDA fell 8.2% to CHF 37.9 million and adjusted group profit dropped to CHF 25.6 million from CHF 31.6 million, largely due to margin pressure from price and product mix effects, a regulatory-driven decline in the electric boiler business, and higher IT expenses linked to the rollout of a new ERP system and development of a new e‑shop. Reported group profit under Swiss GAAP FER declined to CHF 15.3 million as increased depreciation from the new ERP and higher taxes weighed on earnings. The board plans to maintain the dividend at least at the prior-year level of CHF 1.60 per share, prioritising dividend security and balance sheet stability in a volatile market, while temporarily suspending the next tranche of the share buyback programme. Management expects margin conditions to improve in 2026 as major logistics and IT investments are completed and begin to generate efficiency gains, although the timing of a recovery in the heat pump market, seen as crucial for meeting Switzerland’s climate targets, remains uncertain.
More about Meier Tobler Group AG
Meier Tobler Group AG is a Swiss building technology specialist founded in 1937 and headquartered in Schwerzenbach, Zurich. Listed on SIX Swiss Exchange, the company employs around 1,300 staff across all Swiss language regions and focuses on trade, heat generation, climate systems and service. Its trading arm supplies B2B partners with components and installation materials for heating, ventilation, air conditioning and sanitation, while its heat generation and climate systems divisions provide energy-efficient solutions for all building types, supported by a nationwide 24/7 service offering over the full life cycle of installed systems in residential and commercial properties.
Average Trading Volume: 5,831
Current Market Cap: CHF434.8M
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