Five-year overview

Operating- and Financial performance

Operating Performance 2012 - 2016

(in CHF million) 2012 Restated 2013 2014 2015 2016
Net revenue 686.3 679.9 710.3 798.6 917.5
Growth in % (1.1) (0.9) 4.5 12.4 14.9
Gross profit 531.5 535.9 558.7 614.9 718.5
Margin in % 77.5 78.8 78.7 77.0 78.3
Operating result before depreciation and amortization (EBITDA) 119.5 148.4 176.2 207.6 259.2
Margin in % 17.4 21.8 24.8 26.0 28.3
Growth in % (24.1) 24.3 18.7 17.8 24.9
Operating result before amortization (EBITA) 91.5 122.6 153.1 182.0 236.3
Margin in % 13.3 18.0 21.5 22.8 25.8
Growth in % (30.6) 33.9 24.9 18.9 29.8
Operating profit (EBIT) 63.1 115.8 148.3 172.6 227.2
Margin in % 9.2 17.0 20.9 21.6 24.8
Growth in % (21.1) 83.6 28.1 16.4 31.6
Net profit 37.5 101.2 157.8 71.5 229.6
Margin in % 5.5 14.9 22.2 9.0 25.0
Growth in % (47.1) 169.8 56.0 (54.7) 221.1
Basic earnings per share (in CHF) 2.43 6.55 10.15 4.52 14.68
Value added / economic profit1 (7.7) 52.7 113.7 27.1 182.2
Change in value added (37.4) 60.4 59.3 (86.6) 155.1
Change in value added in % (125.9) 785.3 109.2 (76.2) 572.5
as a % of net revenue (1.1) 7.8 16.0 3.4 19.9
Number of employees (year-end) 2 517 2 217 2 387 3 471 3 797
Number of employees (average) 2 530 2 308 2 302 3 232 3 615
Sales per employee (average) in CHF 1 000 271 295 309 247 254

* IAS 19 restated

Financial Performance 2012 - 2016

  2012
Restated
2013 2014 2015 2016
Cash and cash equivalents  140.5  383.8  459.4  318.3  164.0
Net working capital (net of cash)  63.0  57.3  64.9  63.3  123.9
   as a % of revenue  9.2  8.4  9.1  7.9  13.5
Inventories  63.6  62.3  69.2  76.1  102.0
   Days of supplies  152  161  149  155  171
Trade receivables  91.8  93.2  106.8  125.2  148.9
   Days of sales outstanding  49  49  51  53  55
Balance sheet total  776.9 1 019.7 1 160.8 1 046.3 1 089.9
   Return on assets in % (ROA)  4.7  11.4  14.5  6.8  21.5
Equity  601.7  631.4  736.8  605.0  633.7
   Equity ratio in %  77.4  61.9  63.5  57.8  58.1
   Return on equity in % (ROE)  5.9  16.4  23.1  11.8  37.1
Capital employed  187.7  162.3  142.9  341.8  476.2
   Return on capital employed in % (ROCE)  27.4  66.2  97.2  50.5  55.5
Cash generated from operating activities  114.6  151.5  146.2  185.6  184.7
   as a % of revenue  16.7  22.3  20.6  23.2  20.1
Investments (286.1) (50.6) (22.8) (44.5) (87.9)
   as a % of revenue  41.7  7.4  3.2  5.6  9.6
   thereof capital expenditures (19.4) (12.6) (18.8) (35.2) (46.7)
   thereof business combinations related (0.7) 0 (4.0)  4.9 (25.5)
   thereof investments in associates (266.0) ( 38.0) 0 (14.2) (15.7)
Free cash flow  95.2  139.2  128.4  151.1  138.7
   as a % of revenue  13.9  20.5  18.1  18.9  15.1
Dividend  57.9  58.2  58.6  63.2 65.1
Dividend per share (in CHF) 3.75 3.75 3.75 4.00 4.25
Pay-out ratio in % (excluding exceptionals)  75.7  53.3  37.1  43.4  35.6