Financial Report – Consolidated financial statements

Five-year overview

2024

2023

2022

2021

2020

Sales

EUR million

705.8

762.1

812.5

697.1

617.7

Change from prior year

%

–7.4

–6.2

16.6

12.9

–4.1

EBITDA adjusted1

EUR million

77.0

87.6

n/a

n/a

n/a

% of sales

10.9

11.5

-

-

-

EBITDA1

EUR million

55.3

84.8

95.3

92.1

74.8

% of sales

7.8

11.1

11.7

13.2

12.1

EBIT adjusted1

EUR million

50.1

63.0

n/a

n/a

n/a

% of sales

7.1

8.3

-

-

-

EBIT

EUR million

14.1

60.2

71.4

69.1

50.5

Change from prior year

%

–76.5

–15.7

3.2

36.8

20.1

% of sales

2.0

7.9

8.8

9.9

8.2

Net profit/(loss)2

EUR million

–2.4

44.6

56.7

60.3

39.9

Change from prior year

%

n/a

–21.3

–5.9

51.2

24.9

% of sales

–0.3

5.9

7.0

8.6

6.5

Cash flow from operating activities

EUR million

60.6

87.8

59.3

79.9

95.3

% of sales

8.6

11.5

7.3

11.5

15.4

Research & development expenses

EUR million

–25.3

–25.5

–24.7

–21.4

–18.2

% of sales

–3.6

–3.3

–3.0

–3.1

–2.9

Investments in property, plant and equipment & intangible assets

EUR million

17.0

23.1

27.1

21.9

16.7

Depreciation, amortisation & impairment

EUR million

–41.1

–24.6

–23.9

–22.9

–24.3

Total assets

EUR million

476.7

516.8

532.8

553.3

498.6

Non-current assets

EUR million

211.5

226.4

228.6

208.5

198.9

ROCE1

%

15.4

17.9

18.9

22.6

17.0

Net liquidity/(net debt)1

EUR million

–11.8

70.8

45.4

123.2

96.4

Shareholders’ equity2

EUR million

241.5

347.3

340.8

364.4

326.9

% of total assets

50.7

67.2

64.0

65.9

65.6

Number of employees

Ø full-time equivalents

3,559

3,772

3,827

3,554

3,340

Dividends3

CHF million

11.2

15.3

21.1

21.1

14.7

Net profit per registered share A4

EUR

0.15

3.84

4.84

5.13

3.34

Dividend per registered share A3

CHF

1.00

1.30

1.80

1.80

1.25

Payout ratio

%

-

35

37

33

35

Market closing price registered share A

CHF

45.20

53.50

55.80

93.10

59.10

Market capitalisation5

CHF million

418.9

521.9

544.4

908.3

576.6

Total market capitalisation6

CHF million

508.4

627.9

654.9

1,092.6

693.6

1For further information please refer to: Alternative performance measures in the consolidated financial statements in the Financial Report

2Including minority interests

3For 2024 as proposed by the Board of Directors

4Excluding minority interests

5Market value of all listed registered shares A at year end, excluding value of unlisted registered shares B

6Registered shares A and B; registered shares B recognised at one fifth of the price of the registered share A at year end

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