What is Arbonia AG?
Arbonia is a focussed building supplier with two divisions that are active in the fields of indoor climate (heating, ventilation and air conditioning) and interior doors from wood and glass. The headquarter is situated in Arbon, in the canton of Thurgau.
Since when does Arbonia exist?
The recent history of Arbonia begins at the end of 2014 with the new major shareholder Artemis Beteiligungen I AG, a subsidiary of the Artemis Group. In 2015 the restructuring of the business began under the new CEO ad interim Alexander von Witzleben, when the business was still known as AFG Arbonia-Forster-Holding AG. With the takeover of Looser Holding AG at the end of 2016 AFG became Arbonia. Further details can be found in our timeline here.
What product of Arbonia is produced where?
The HVAC Division produces at several locations in Central Europe as well as in Russia, details of which can be found here. In addition to its major sites in Germany, the Doors Division also produces in Switzerland and Poland. Details on their location and the products manufactured can be found here.
Where can I buy products of Arbonia?
Arbonia products are distributed almost exclusively through specialist companies and wholesalers. Details can be found on the websites of our companies, which are linked here. Only in the case of large developments may products be distributed directly.
Are Arbonia's products manufactured sustainably?
Arbonia and its companies use renewable energies and raw materials in production wherever possible. This includes, for example, the use of FSC-certified wood, the use of self-produced electricity from solar plants and the use of wood chips in CHP (combined heat and power) plants, which generate electricity and heat for the company's own plants. Details can be found in our sustainability report and in the sustainability section of the website.
Has Arbonia adapted its strategy to climate change? What is Arbonia's sustainability strategy?
Arbonia adapted its strategy and products to the challenges of climate change at an early stage. With doors and efficient heating and ventilation systems that are well suited to energy-efficient renovation and new construction, Arbonia AG has a product portfolio that is well adapted to the challenges of climate change. Details can be found in the sustainability report.
Questions on the shares
Since when is Arbonia a publicly traded compancy?
Arbonia AG (then AFG Arbonia-Forster-Holding AG) is listed on the SIX Exchange since the year 1988.
Where can I trade Arbonia-shares?
Arbonia-shares can be traded on the Swiss Exchange (SIX) during normal trading hours. Additionally, Arbonia-shares can be bought indirectly through funds or ETFs.
Where can I find information on Arbonia? To whom can I address my questions?
General information on Arbonia-shares are listed here as well as in the Investors- and Company-sections. The contact for all questions on the shares itself can be found at the bottom of the page under the frequently asked questions, for all other concerns the correct contact can be found in the corresponding sections. If you do not find what you are looking for there, please use the general contact options.
And if you want to keep up to date with current media releases, you can add yourself to the distribution list here. Additionally, you can find some information on Arbonia in the relevant business news.
In which indices is Arbonia included?
The Arbonia-share is, like all Swiss listed companies a member of the Swiss All Share Index. On top of that, Arbonia is a member of SPI, SPI Extra, SPI ex SLI, SPI Middle, SPI Middle & Large as well as the industry index SPI Sector Construction & Materials. These indices are all put togehter and calculated by SIX. Additionally, the Arbonia-share is included in the UBS 100 Index.
Who owns Arbonia?
Arbonia AG is largely owned by public investors. Currently (as of 12-31-2022), there are only two shareholders that control more than 3% of the share capital. These are Artemis Beteiligungen I AG (22.05% of shares), and Mr Leo Looser (3.03% of shares). All other shares are to be counted towards the free float. A detailed list of the shareholders can be found here.
How high is the dividend of Arbonia and what dividend policy is Arbonia following?
After years of restructuring, Arbonia AG has started to distribute a dividend again as of fiscal year 2018. After a dividend of CHF 0.20 per share for 2018, CHF 0.22, CHF 0.25 and CHF 0.30 followed for the fiscal year 2019, 2020 and 2021. This corresponds to the communicated dividend strategy with an annual increase of 10%. Starting with the fiscal year 2022 the dividend should increase by 15% annually.
When is the dividend payed-out?
As with other publicly listed companies, the dividend of Arbonia AG is being distributed after the annual sharesholders meeting. The day the share is trading ex-dividend, that is with the dividend markdown is usually the second trading day after the AGM. The day the dividend is payed-out is two further trading days (or four days after the AGM). Which day this will be exactly, in the current year, can be seen in our financial calender.
Is the dividend tax-free for me?
The dividend is only partially tax-free for shareholders. Since the change to the capital contribution principle, the distribution of capital is only free of tax, if other reserves (not tax-free) are distributed at an equal amount. This rule has been used by Arbonia in the past few years to ensure that half of the repayment is free of withholding tax for domestic shareholders.
Why is Arbonia reporting in accordance with IFRS, why not in accordance with Swiss GAAP-FER?
Arbonia tries, for the benefit of its shareholders, to give a fair and detailed view on the (future) profitability. This includes the use of IFRS, which is the international standard for reporting. A change towards Swiss GAAP-FER would therefore change anything, as our business would remain the same.
When is the next publication of results?
The fiscal year of Arbonia is the same as the calender year. Arbonia therefore publishes its results semi-annually (in late summer and end of winter), the exact date of the next publication can be found in our financial calender.
How can I ensure that dividends and the details for the annual shareholders meeting reach me?
The share register of Arbonia AG, into which a shareholder has to be registered in order to be able to cast a vote at the AGM, is being managed by Devigus. Entries into it can only be made by the custodian.
If you want to contact the share register directly, you can find the details here.
Questions on strategy
What is Arbonia's strategy, now that the sale of the Windows Division has closed?
The Arbonia Group continues to focus on its activities as a construction supplier, even though there is one less element following the sale of the Windows Division. In addition, the Sanitary Division was integrated into the Doors Division as the Glass Solutions Business Unit, which continues the previous door business as the Wood Solutions Business Unit. The focus of the Division is on exploiting sales synergies between the two Business Units, expanding market leadership in its main markets and intensifying market development in neighbouring markets. The HVAC Division, as a system provider for heating and ventilation solutions, will consolidate its strong market position in traditional products (especially panel radiators) and expand its market and revenue share with growth products.
To the HVAC Division
To the Doors Division
Why was the Windows Division not sold before the restucturing process?
There were two possibilities in 2015: Either the division would have continued to operate below its contribution margin and thus burdened Arbonia's substance, making a sale unlikely, or it would have been wound up without added value for Arbonia and its shareholders. Alternatively, the division could have been made viable again by relocating and making substantial investments, which was admittedly not an inconsiderable risk. However, Arbonia also opted for the second alternative in the interests of its employees.
The investments made have more than paid off in the end and have made the Windows Division an attractive bride for potential buyers. It offers considerable growth potential under the umbrella of a strategic owner, which is why such an owner was also prepared to pay an attractive price for the division.
Were there any disadvantages from the sale of the Windows Division, such as the loss of synergies?
Arbonia's divisions are largely decentralised and have their own purchasing departments, etc. Only selected units were integrated into Arbonia's Shared Service Centre. There were therefore no disadvantages for Arbonia or its divisions.
How high are the proceeds from the sale of the Windows Division and what will be done with these?
The funds flowing into Arbonia from the transaction and the assumption of financial debt by the buyer amount to around CHF 350 million, which will lead to a high net cash position. A significant portion of the proceeds from the sale will be used to further increase the value of the company by strategically developing Arbonia's remaining divisions and significantly strengthening them both organically and through targeted acquisitions. Various strategic initiatives are under review or already being implemented.
After the sale of the Windows Division, are there any other businesses considered for disposal?
As already mentioned in the media release on the sale, Arbonia will strengthen the remaining divisions and expand its market leadership organically as well as inorganically. Both in the Doors Division, with the implementation of the Factory of the Future and the associated increase in production capacity, and in the HVAC Division, in the area of integrated systems, Arbonia still sees a great deal of potential for value enhancement, which is now to be implemented in an even more targeted and rapid manner.
Do you have any questions or suggestions?
We look forward to hearing from you.