Press releases

23.08.2022 Arbonia with a challenging first half-year of 2022

Arbonia with a challenging first half-year of 2022

Half-year results 2022 (reported)

  • Revenue growth of 7.2% (organic 9.8%) to CHF 630.9 million
  • Strong increase in materials ratio from 45.0% to 51.4%
  • EBITDA: CHF 52.4 million after CHF 67.6 million in the previous year
  • EBIT: CHF 17.8 million after CHF 34.9 million in the previous year
  • Group result after tax: CHF 11.7 million after CHF 23.6 million in the previous year
  • Increase in net working capital (NWC) of around CHF 118 million (previous year CHF 33 million)
  • Arbonia expects a significantly stronger second half-year of 2022 compared to the first half-year of 2022 and also the second half-year of 2021.

Arbon, 23 August 2022 – Arbonia looks back at a challenging first half-year of 2022. The COVID-19 pandemic and the Russian invasion of Ukraine led to considerable increases in raw material prices, sharply rising energy prices, as well as problems with supply chains, which all affected Arbonia as well. In the face of this political crisis and the associated change in thinking, Arbonia's strategy with modern products (heat pump, ventilation, underfloor heating, battery storage, etc.) for energy-efficient and self-sufficient buildings has proven to be all the more correct. In addition to their well-known economic advantages, these products accelerate the transition to buildings that are independent of fossil energy sources and electricity prices. The investments decided on and implemented in the past are also paying off by countering wage inflation and increased material prices with increases in productivity.

In the first half-year of 2022, Arbonia was able to increase its net revenue in Swiss francs by 7.2% compared to the same period in the previous year, from CHF 588.6 million to CHF 630.9 million. Growth when adjusted for currency and acquisition effects was 9.8%. During the same period, EBITDA decreased from CHF 67.6 million to CHF 52.4 million due to the massive increase in the materials ratio from 45.0% to 51.4% (material price increases of around CHF 68 million). Consequently, the EBITDA margin also decreased from 11.5% in the previous year to 8.3%. A negative effect on the absolute EBITDA resulted from the strength of the Swiss franc, among other factors, which appreciated by a high single-digit percentage against almost all currencies relevant to Arbonia, causing results achieved in foreign countries to be lower than budgeted when converted into Swiss francs. EBIT reached CHF 17.8 million (CHF 34.9 million in the previous year). The group result (after taxes) amounted to CHF 11.7 million and is below the previous year's value of CHF 23.6 million. 

In the reporting period, the cash flow from operating activities amounted to CHF –68.6 million (CHF 51.6 million in the previous year). In addition to the low EBITDA contribution, this was above all due to the sharp rise in the NWC, which increased by around CHF 118 million in the first half-year. After the deduction of investments (capex) and including the premature buyback of the Corporate Center, a free cash flow of CHF –142.9 million resulted. As of 30 June 2022, net debt amounted to CHF 68.4 million. No one-time effects occurred in the first half-year of 2022.

The shareholders' equity increased to CHF 1016.1 million (previous year CHF 927.6 million). Consequently, the equity ratio also increased from 55.8% in the previous year to a very solid 66.1%.

Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54

fabienne.zuercher@arbonia.com

22.04.2022 Results of the Annual General Meeting of Arbonia AG

Results of the Annual General Meeting of Arbonia AG

Arbon, 22 April 2022 - Today's General Meeting of Arbonia AG was held once more without the physical participation of shareholders. Shareholders were again able to exercise their voting rights through the independent proxy. All motions proposed by the Board of Directors were approved. As announced, Alexander von Witzleben is stepping down as CEO at today's General Meeting. Going forward, he will be taking on the role of Executive Chairman of the Board of Directors of Arbonia. 

Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54

fabienne.zuercher@arbonia.com

01.03.2022 Arbonia with very positive annual results again for 2021

Arbonia with very positive annual results again for 2021

  • Revenue growth of 11.6% when adjusted for currency and acquisition effects
  • EBITDA without one-time effects: +17.4% from CHF 114.5 million to CHF 134.3 million1
  • EBIT without one-time effects: +28.6% from CHF 52.1 million to CHF 67.0 million1
  • Group result from continuing operations without one-time effects: +46.2% from CHF 28.1 million to CHF 41.1 million1
  • Group result: +208.9% from CHF 44.9 million to CHF 138.7 million
  • Net cash position von CHF 93.2 million (previous year: net debt of CHF -140.6 million)
  • Increase in the equity ratio to 64.3% (previous year: 59.0%), shareholders' equity >1 billion.
  • Proposal of a dividend payment of CHF 0.30 (+20%) for the 2021 financial year

Arbon, 1 March 2022 - A revenue growth of 11.6% when adjusted for currency and acquisition effects, or an increase of 14.2% in Swiss francs from CHF 1038.4 million to CHF 1186.2 million, resulted for the financial year 2021. Without one-time effects, Arbonia increased its EBITDA by 17.4% from CHF 114.5 million to CHF 134.3 million and thereby succeeded in increasing their EBITDA margin to 11.3% in a demanding environment. Arbonia increased EBIT without one-time effects by 28.6% from CHF 52.1 million to CHF 67.0 million. Arbonia was able to increase its Group result from continuing operations without one-time effects by 46.2% to CHF 41.1 million (previous year: CHF 28.1 million). 

1One-time effects
In the 2021 financial year, one-time effects in the amount of CHF 13.4 million accrued, the majority of which is due to the planned relocation and closure of the radiator production plant in Tubbergen, Netherlands. With one-time effects, EBITDA of the Group was CHF 124.7 million (previous: CHF 116.3 million), EBIT was CHF 53.3 million (previous year: CHF 53.9 million), and capital gains were CHF 138.7 million (previous year: CHF 44.9 million). The reported Group result, which includes the continuing and discontinued operations, amounted to CHF 138.7 million (previous year: CHF 44.9 million) especially thanks to the revenue from the sale of the Windows Division.


1 Explanations, definitions, and reconciliations for the Alternative Performance Measures are found in the annual report 2021 on pages 227 - 232.
Detailed information on the figures with one-time effects can be found in the lead

Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54

fabienne.zuercher@arbonia.com

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Fabienne Zürcher

Head of Corporate Communications & Investor Relations

Amriswilerstrasse 50

9320 Arbon

Switzerland

+41 71 447 45 54

+41 79 451 01 38

fabienne.zuercher@arbonia.com