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Zehnder Group AG Class A ( (CH:ZEHN) ) has issued an update.
Zehnder Group reported 2025 sales up 8% to EUR 760.7 million, propelled by an 18% surge in its ventilation segment to EUR 501.7 million, while radiator revenues declined amid weak renovation activity and a shift to lower‑priced models. Group EBIT jumped to EUR 63.4 million with an 8.3% margin, net profit reached EUR 47.8 million, cash flow from operations climbed 32% to EUR 80.0 million, and the Board will propose a higher dividend of CHF 1.40 per share alongside a board refresh as it confirms mid‑term growth and margin targets.
The strong performance in ventilation, supported by new building regulations, market share gains in key European markets and the Siber acquisition in Spain, underscores Zehnder’s accelerated shift from traditional radiators toward higher‑margin indoor climate systems. While the radiator segment remains pressured by low capacity utilisation and weak construction in Germany, France and China, cost measures have stabilised earnings, and management expects to leverage regulatory and energy‑efficiency trends to capture above‑average growth in core markets in 2026 and beyond, despite geopolitical and macroeconomic uncertainties.
The most recent analyst rating on (CH:ZEHN) stock is a Buy with a CHF99.00 price target. To see the full list of analyst forecasts on Zehnder Group AG Class A stock, see the CH:ZEHN Stock Forecast page.
More about Zehnder Group AG Class A
Zehnder Group AG, listed on SIX as ZEHN, is an internationally active provider of complete solutions for comfortable, energy‑efficient and healthy indoor climates. The company focuses on ventilation systems, heat exchangers, industrial air cleaning and radiators, with a growing emphasis on renovation, multi‑family housing and service offerings across EMEA, North America and Asia‑Pacific.
Average Trading Volume: 16,037
Current Market Cap: CHF952.2M
See more data about ZEHN stock on TipRanks’ Stock Analysis page.

