Brief: Zehnder FY Net Profit Up At EUR 39.9 Mln

Zehnder AG

24/02/2021 06:07

Feb 24 (Reuters) - ZEHNDER GROUP AG  ZEHN.S :
    * FY SALES FELL BY 4% TO EUR 617.7 MILLION AS A RESULT OF
COVID-19
    * FY NET PROFIT ROSE BY 25% TO EUR 39.9 MILLION
    * PROPOSES A DIVIDEND OF CHF 1.25 PER REGISTERED SHARE A
    * IS PLANNING TO LAUNCH A SHARE BUYBACK PROGRAMME IN THE
COMING
WEEKS FOR UP TO 5% OF REGISTERED SHARES A OVER A MAXIMUM PERIOD
OF THREE YEARS
    * FY INCREASE IN EBIT MARGIN FROM 6.5% TO 8.2%
    * IN THE MEDIUM TERM, THE ZEHNDER GROUP IS TARGETING AVERAGE
ANNUAL SALES GROWTH OF 5% AND AN EBIT MARGIN OF BETWEEN 8% AND
10%.

Source text: https://bit.ly/3urUl9q
Further company coverage:  ZEHN.S 

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