Meijer Tobler Holds Dividend Steady Amid Profit Drop and Market Shifts

The Meijer Tobler Group has maintained its dividend for 2025, keeping payouts steady despite a drop in profits. The company also announced a temporary halt to its share buyback programme while confirming plans to release its full annual report on February 26, 2026.

Germany saw a major shift in heating systems last year. Heat pump sales surged by 55% to 299,000 units, taking nearly half the market. Meanwhile, gas and oil heater sales fell sharply, dropping by between 33% and 74%. Globally, the HVAC market—including heat pumps—grew to $174.58 billion in 2025, with Asia-Pacific leading at 49.8% share.

Within this changing market, Meijer Tobler Group faced challenges in the heat pump sector. Higher IT costs and a tough business environment affected its operating results. Yet the company still expanded its market share.

Looking ahead, the expo plus trade fair in March will showcase new building technology trends. The event should offer clearer insights into demand and innovation in the sector.

The group's decision to pause share buybacks comes as it balances financial stability with stock market pressures. With its dividend unchanged, the company signals confidence in its long-term position. The upcoming annual report will provide further details on performance and strategy.