Meier Tobler Group Ltd.

MTG

Equity

ISIN CH0208062627 / Valor 20806262

SIX Swiss Exchange (2024-09-18)

CHF 24.50-0.61%

Meier Tobler Group Ltd.
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About company

Meier Tobler Group Ltd. is a Swiss company specializing in heating, air conditioning, service, and the distribution of trade products for the building technology sector in Switzerland. The company focuses on the production of heat for renovations and new constructions, offering energy-efficient heating solutions and consulting services to property owners, architects, planners, and installers. Additionally, Meier Tobler designs and supplies cooling and ventilation systems for industrial, commercial, and residential applications, in collaboration with professional partners. The firm also provides long-term reliable operation of heating, ventilation, and air conditioning (HVAC) systems through its service division, catering directly to owners and operators. Furthermore, Meier Tobler supports the pre-assembly, assembly, and service needs of the HVAC industry by supplying a comprehensive range of building technology products exclusively to professional partners and installers. The company has evolved its competencies to focus on the digitalization of building technology and sustainable solutions, building on its origins from the heating company Oertli and expanding its business areas over time.

Summarized from source with an LLMView SourceSector: Technology

Revenue Decline

Meier Tobler Group Ltd. reported a net revenue of CHF 238.7 million for the first half of 2024, a decrease of 13.6% compared to CHF 276.4 million in the same period of the previous year. This decline was primarily due to significantly lower sales volumes in the trading business and the heat generation sector.

EBITDA Reduction

The EBITDA for Meier Tobler Group Ltd. in the first half of 2024 was CHF 17.1 million, which represents a 36.2% decrease from the previous year's CHF 26.9 million. The EBITDA margin also fell to 7.2% from 9.7% in the prior year.

Net Profit Halved

Meier Tobler Group Ltd. achieved a consolidated net profit of CHF 8.0 million in the first half of 2024, down from CHF 16.0 million in the same period of the previous year. This reduction was influenced by the annual non-cash goodwill amortization from the acquisition of Tobler Haustechnik AG in 2017.

Cash Flow and Debt

The operating cash flow for Meier Tobler Group Ltd. was significantly negative at CHF -14.5 million in the first half of 2024, compared to CHF 6.3 million in the previous year. The net debt as of June 30, 2024, stood at CHF 43.8 million, up from CHF 20.0 million a year earlier.

Outlook for Second Half

Meier Tobler Group Ltd. expects a significantly improved revenue performance in the second half of 2024. However, the overall result for the full year 2024 is anticipated to be below the previous year's level. Despite this, a dividend on par with the previous year is expected to be maintained.

Summarized from source with an LLMView Source

Key figures

-39.9%1Y

28.6%3Y

89.2%5Y

Performance

37.6%1Y

38.9%3Y

38.0%5Y

Volatility