Meier Tobler Group Ltd.

Latest Results (09.11.2025):

Meier Tobler Group Ltd. released its annual financial results for 2023, reporting a modest decline in revenue and earnings compared to the previous year. While the first half of the year saw strong growth driven by heat pump sales and higher demand for heating system renovations, operational challenges during the commissioning of the new Service Centre in the later months impacted overall performance. Note that these results cover the full financial year 2023, with key figures reflecting the company’s performance over this period.

Financial Performance

For the 2023 financial year, Meier Tobler Group Ltd. recorded net revenue of CHF 545.9 million (down 1.9%), an EBITDA of CHF 48.5 million (a 6.9% decrease), and consolidated profit of CHF 27.1 million (an 11.5% decline) when compared to 2022.

Operational Developments

The company experienced an exceptionally strong first half with a 7.0% growth driven by increased demand for heat pump renovations. However, difficulties during the commissioning of the new Service Centre in Oberbuchsiten during the second half affected delivery schedules and customer confidence. These issues have since been rectified.

Shareholder Returns and Capital Management

Meier Tobler Group Ltd. proposed an increased dividend of CHF 1.30 per share and reported progress on its share buyback programme, which is set to transition to a fixed-price offer. This reflects a clear strategy to enhance shareholder returns despite the modest decline in profitability.

Liquidity and Balance Sheet Strength

The company maintained its liquidity with operating cash flow of CHF 42.9 million and a net debt of CHF 2.2 million. Moreover, an improved equity ratio of 52.0% underlines a structurally robust balance sheet for Meier Tobler Group Ltd. as it moves forward into the new period.