By Nina Kienle
Arbonia expects tough conditions in its core markets will result in lower sales at its climate and doors divisions this year, and that the challenging environment will continue next year.
The Switzerland-based building components supplier said on Wednesday that it expects a revenue decline of around 10% for its climate division in 2023 compared with the previous year and a high single-digit percentage decrease in revenue for its doors division.
The company reported that both divisions saw a positive order uptake in the second half of the year. In light of cost-reduction measures, the divisions’ margins of earnings before interest, taxes, depreciation, and amortization have reached double-digits, Arbonia said.
Arbonia said it expects annual organic sales growth of more than 3.5% and Ebitda of more than 170 million Swiss francs ($194.3 million) by 2026.
At 1132 GMT, Arbonia shares traded down 1.2% to CHF8.43.
Write to Nina Kienle at nina.kienle@wsj.com
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