Arbon, 1 September 2021 - The closing of the sale of the Windows Division to the Danish DOVISTA Group, announced on 5 January 2021, took place yesterday, 31 August 2021, after all relevant competition authorities gave their approval.

Half-year results 2021 (continuing operations, reported)

• Revenue growth of 19.5% (organic growth of 16.5%)
• EBITDA: +49% from CHF 45.3 million to CHF 67.6 million (EBITDA margin: 11.5%)
• EBIT: +134.7% from CHF 14.9 million to CHF 34.9 million (EBIT margin: 5.9%)
• Group result after tax: +299.7% from CHF 5.9 million to CHF 23.6 million.
   
• Increase of the vertical value-added depth through the acquisition of Glasverarbeitungs-Gesellschaft Deggendorf mbH (GVG), a subsidiary of the SAINT-GOBAIN Group. The Glass Solutions Business Unit thus integrates the processing of its most important raw material, glass, into its own production processes.
• The closing of the sale of the Windows Division to the Danish DOVISTA Group, announced on 5 January 2021, is expected in the next few days. All responsible competition authorities have now given their approval.

Arbon, 24 August 2021 - Arbonia can look back on a very successful first half-year of 2021. This was driven by the continued good building construction activity due to still favourable conditions resulting from low interest rates, a housing shortage, and European-wide subsidy programmes for energy-efficient new construction and renovation. Arbonia additionally benefits from its further strengthened competitive position as a European building components supplier. The investments made in recent years in automation, digitisation, and vertical integration created the conditions for gaining market shares in Central European sales markets and for further increasing profitability, even during the COVID-19 pandemic and the following upturn.

The following key figures relate to the continuing operations (HVAC, Sanitary Equipment and Doors): Revenue increased compared to the previous year from CHF 492.5 million (CHF 529.1 million in the first half-year of 2019) to CHF 588.6 million, corresponding to a growth in Swiss francs of 19.5% (11.2% compared to the first half-year of 2019) and organic growth of 16.5% (14.5% compared to the first half-year of 2019). EBITDA increased to CHF 67.6 million compared to CHF 45.3 million in the previous year (+49.0%) and compared to CHF 44.6 million in the first half-year of 2019 (+51.5%). This corresponds to an EBITDA margin of 11.5% (9.2% in the previous year and 8.4% in the first half-year of 2019). EBIT increased by 134.7% from CHF 14.9 million in the previous year (and from CHF 15.6 million in the first half-year of 2019) to CHF 34.9 million in the first half-year of 2021. This represents an EBIT margin of 5.9% in the first half-year of 2021 (3.0% in the previous year and 2.9% in the first half-year of 2019). The group result after tax amounted to CHF 23.6 million compared to CHF 5.9 million in the same period last year (+299.7%).

Cash flow from operating activities including the discontinued windows operations increased by 145.8% from CHF 21.0 million in the previous year to CHF 51.6 million and free cash flow from CHF -14.4 million to CHF 6.7 million. 

Arbon, 30 April 2021 - As part of its HVAC growth strategy, Arbonia has signed a purchase agreement for a 100% share in Termovent Komerc d.o.o. (Termovent). For the HVAC Division, the acquisition of this established Serbian manufacturer of commercial ventilation units geographically expands its integrated ventilation system range into Eastern Europe and extends its expertise in the area of indoor air quality, especially cleanrooms, throughout Europe.

Arbon, 23 April 2021 - Today's General Meeting of Arbonia AG was held once more without the physical participation of shareholders. Shareholders were again only able to exercise their rights through the independent proxy. All motions proposed by the Board of Directors were approved.

Arbon, 31 March 2021 - As part of its HVAC growth strategy, Arbonia is acquiring the Spanish market leader in the distribution of designer radiators and bathroom radiators, CICSA Industriales del Calor S.L. (Cicsa). This step secures both the medium-term planned revenue growth with components in Spain and Portugal as well as the expansion of the product range in the fast-growing HVAC systems business. 

Annual results 2020 (continuing and discontinued operations)

• Currency-adjusted revenue growth of 2.1%
• Revenue decrease in Swiss francs of 1.4%
• EBITDA¹: +25.9% from CHF 125.4 million to CHF 157.8 million.
• EBIT: +84.6% from CHF 39.7 million to CHF 73.3 million.
• Group result: +71.4% from CHF 26.2 million to CHF 44.9 million.
• Combined dividend payment for the financial years 2019 and 2020 of CHF 0.47 (CHF 0.22 for 2019 and CHF 0.25 for 2020)
   

Strategic pillars and a trend-setting organisation as of July 2021

1. Integration of the Sanitary Equipment Division into the Doors Division: focus on wood and glass solutions
2. Change of leadership in the HVAC Division: Ulrich Bornkessel steps down as CEO of the HVAC Division and member of Arbonia Group Management due to age and, as planned, hands over to the Division's long-standing COO, Alexander Kaiss
3. From summer 2021, the new Arbonia will consist of two similarly large, focused divisions and a lean group management
4. New holding structure and governance as of April 2022: Alexander von Witzleben steps down as CEO as planned at the 2022 Annual General Meeting and is simultaneously proposed to the General Meeting as Executive Chairman of the Board of Directors 
5. Expanded focus on sustainability: First publication of a GRI-compliant sustainability report as an integral part of the 2020 annual report

Arbon, 2 March 2021 - For the financial year 2020, currency-adjusted revenue growth of 2.1% and in Swiss francs a decline of -1.4% from CHF 1416.0 million to CHF 1396.3 million resulted for the continuing and discontinued operations. The measures for a targeted increase in profitability ensured that EBITDA increased by 25.9%, compared to the previous year, to CHF 157.8 million (previous year: CHF 125.4 million, with one-time effects mainly from closures and ramping up of production plants). This corresponds to an EBITDA margin of 11.3% compared to 8.9% in the previous year. EBIT benefited disproportionally from this positive development and increased by 84.6% to CHF 73.3 million (previous year: CHF 39.7 million). Despite a lower financial result due to the appreciation of the Swiss franc and a higher tax burden due to the better pre-tax result, Arbonia was able to increase its group result by 71.4% to CHF 44.9 million (previous year: CHF 26.2 million).

Derived from these earnings figures, cash flow from operating activities increased by 26.4% from CHF 111.8 million to CHF 141.3 million and the free cash flow by 527.3% from CHF 8.4 million to CHF 52.5 million.

***
Explanations, definitions, and reconciliations for the alternative performance key figures are found in the annual report 2020 on pages 209 - 214.
¹ As a comparison for analyst consensus:
- EBITDA without one-time effects: +18.1% from CHF 134.8 million to CHF 159.2 million.
- EBIT without one-time effects: +44.5% from CHF 52.3 million to CHF 75.6 million. 
- Group results without one-time effects: +28.0% from CHF 36.5 million to CHF 46.7 million.
***

Arbon, 5 January 2021 – Arbonia has decided to accept an offer from the Danish DOVISTA Group to sell its window business. The proceeds of the sale are to be used to strategically further develop the remaining divisions of Arbonia and to substantially strengthen them both organically and through acquisitions. In addition, it is being considered to allocate part of the proceeds of the sale to the shareholders.