Acquisitions drive Poenina's growth
Poenina Holding AG increased its sales in 2021 by 27 percent to CHF 383 million. The takeovers of three companies and the successful merger with Caleira acted as growth drivers. Poenina plans to merge with Burkhalter in the near future.
According to a statement by Poenina Holding AG , the building technology company from the Glattal generated operating income of CHF 383.2 million in the 2021 financial year. In a year-on-year comparison, this corresponds to growth of 26.8 percent. The operating result at EBIT level increased by 41.3 percent to CHF 21.2 million in the same period. A net profit of CHF 16.9 million was booked, which is 34.1 percent more than in 2020.
In the statement, Poenina states “two inorganic effects” as the background to the development of sales. On the one hand, three acquisitions in the financial year are mentioned here. On the other hand, the merger with Caleira AG in June 2020 had an impact over an entire reporting year for the first time. Poenina attributes the increase in profitability to “continued internal process improvements” and the waning impact of the pandemic.
In January of this year, Poenina announced the start of merger negotiations with the Burkhalter Group , which specializes in electrical engineering. The background is the Energy Strategy 2050 planned by the federal government. “In the course of the constructive merger talks”, the board of directors is now applying for the implementation of the merger, Poenina informs in the press release. Poenina is to be merged into Burkhalter and Poenina shares are to be exchanged for newly created Burkhalter shares at a ratio of 1 to 0.73. The approval of the general meetings of both companies is still pending.