Brief: Zehnder Group Says Co Divests Climate Ceiling Solutions Business

Zehnder AG

16/05/2024 06:03

May 16 (Reuters) - Zehnder Group AG  ZEHN.S :
    * ZEHNDER GROUP DIVESTS CLIMATE CEILING SOLUTIONS BUSINESS
    * ONE-OFF LOSS OF ABOUT EUR 10 MILLION (MOSTLY CASH NEUTRAL)
EXPECTED
    * PRIVATE ASSETS TAKES OVER GERMAN CLIMATE CEILING SOLUTIONS
UNIT
    * OUTLOOK FOR FIRST HALF OF 2024: SALES DECLINE IN MID-TEEN
PERCENTAGE RANGE AND AN EBIT MARGIN BEFORE ONE-OFF EFFECTS OF
6-7 %
    * EXPECT FURTHER RESTRUCTURING COSTS OF EUR 2 - 3 MILLION
FOR HY
2024 IN EUROPE IN AREAS OF PRODUCTION AND SALES.

Source text for Eikon:  ID:nEQ83HPta 
Further company coverage:  ZEHN.S 

 ((Reuters.Briefs@thomsonreuters.com;))