10-year key figures

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2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

Key figures

Net sales

MCHF

3,084

3,392

3,460

2,986

3,083

3,081

2,908

2,809

2,594

2,089

Change on previous year

-9.1

-2.0

+15.9

-3.1

+0.1

+5.9

+3.5

+8.3

+24.2

+4.5

Change on previous year c.a./org.

-4.8

+4.8

+14.7

+1.3

+3.4

+3.1

+3.5

+6.4

+2.7

+5.9

Operating profit (EBIT) ¹

MCHF

769

755

902

772

757

744

706

687

591

577

Margin in % of net sales ¹

24.9

22.3

26.1

25.8

24.5

24.2

24.3

24.4

22.8

27.6

Net income ¹

MCHF

617

706

756

642

647

626

604

584

493

499

Margin in % of net sales ¹

20.0

20.8

21.8

21.5

21.0

20.3

20.8

19.0

23.9

Operating cashflow (EBITDA) ¹

MCHF

921

909

1,069

925

904

868

821

795

694

657

Margin in % of net sales ¹

29.9

26.8

30.9

31.0

29.3

28.2

28.3

26.7

31.5

Free cashflow ²

MCHF

625

562

809

717

644

582

476

557

484

460

Margin in % of net sales ²

20.3

16.6

23.4

24.0

20.9

18.9

16.4

19.8

18.7

22.0

Financial results, net ¹

MCHF

-27

-14

-13

-17

-14

-20

-9

-17

-2

Capital expenditures

MCHF

197

155

169

150

167

162

159

139

147

105

Research and development expenses

MCHF

In % of net sales

2.3

2.1

2.3

2.5

2.7

2.6

2.4

2.7

Earnings per share ¹

CHF

18.39

20.48

21.34

17.95

17.97

17.21

16.43

15.85

13.23

13.28

Distribution per share

CHF

12.70 ³

12.60

12.50

11.40

11.30

10.80

10.40

10.00

8.40

8.30

Employees

Number of employees (31.12.)

10,947

11,514

11,809

11,569

11,619

11,630

11,709

11,592

12,126

6,247

Annual average

11,189

11,809

11,821

11,552

11,631

11,803

11,726

11,972

12,477

6,303

Net sales per employee

TCHF

276

287

293

258

265

261

248

235

208

331

Balance sheet (31.12.)

Total assets

MCHF

3,556

3,429

3,772

3,751

3,725

3,502

3,743

3,601

3,554

2,432

Cash and cash equivalents, marketable securities, short-term investments

MCHF

357

206

511

469

428

282

413

510

460

750

Net working capital

MCHF

196

237

157

181

202

206

173

147

169

Property, plant and equipment

MCHF

976

948

956

934

920

829

813

727

715

551

Goodwill and intangible assets

MCHF

1,340

1,410

1,493

1,577

1,597

1,652

1,749

1,681

1,757

645

Total debt

MCHF

1,321

1,030

784

779

837

895

971

1,139

Equity

MCHF

1,320

1,497

1,988

1,922

1,899

1,745

1,837

1,635

1,482

1,717

Equity ratio

37.1

43.7

52.7

51.2

51.0

49.8

49.1

45.4

41.7

70.6

Gearing

73.1

55.0

13.7

16.1

21.5

31.8

26.3

28.2

45.9

-43.0

ROIC ¹

23.6

26.5

27.1

23.2

23.1

22.6

22.4

21.5

20.1

35.5

¹	2015–2018: Adjusted for costs in connection with the Sanitec acquisition and integration (EBITDA 2018 not adjusted)
²	2016–2017: Adjusted due to an internal reclassification
³	Subject to approval of the General Meeting 2024

2023

2022

2021

2020

2019

Key figures

Net sales

MCHF

3,084

3,392

3,460

2,986

3,083

Change on previous year

-9.1

-2.0

+15.9

-3.1

+0.1

Change on previous year c.a./org.

-4.8

+4.8

+14.7

+1.3

+3.4

Operating profit (EBIT) ¹

MCHF

769

755

902

772

757

Margin in % of net sales ¹

24.9

22.3

26.1

25.8

24.5

Net income ¹

MCHF

617

706

756

642

647

Margin in % of net sales ¹

20.0

20.8

21.8

21.5

21.0

Operating cashflow (EBITDA) ¹

MCHF

921

909

1,069

925

904

Margin in % of net sales ¹

29.9

26.8

30.9

31.0

29.3

Free cashflow ²

MCHF

625

562

809

717

644

Margin in % of net sales ²

20.3

16.6

23.4

24.0

20.9

Financial results, net ¹

MCHF

-27

-14

-13

-17

-14

Capital expenditures

MCHF

197

155

169

150

167

Research and development expenses

MCHF

In % of net sales

2.3

2.1

2.3

2.5

Earnings per share ¹

CHF

18.39

20.48

21.34

17.95

17.97

Distribution per share

CHF

12.70 ³

12.60

12.50

11.40

11.30

Employees

Number of employees (31.12.)

10,947

11,514

11,809

11,569

11,619

Annual average

11,189

11,809

11,821

11,552

11,631

Net sales per employee

TCHF

276

287

293

258

265

Balance sheet (31.12.)

Total assets

MCHF

3,556

3,429

3,772

3,751

3,725

Cash and cash equivalents, marketable securities, short-term investments

MCHF

357

206

511

469

428

Net working capital

MCHF

196

237

157

181

202

Property, plant and equipment

MCHF

976

948

956

934

920

Goodwill and intangible assets

MCHF

1,340

1,410

1,493

1,577

1,597

Total debt

MCHF

1,321

1,030

784

779

837

Equity

MCHF

1,320

1,497

1,988

1,922

1,899

Equity ratio

37.1

43.7

52.7

51.2

51.0

Gearing

73.1

55.0

13.7

16.1

21.5

ROIC ¹

23.6

26.5

27.1

23.2

23.1

¹	2015–2018: Adjusted for costs in connection with the Sanitec acquisition and integration (EBITDA 2018 not adjusted)
²	2016–2017: Adjusted due to an internal reclassification
³	Subject to approval of the General Meeting 2024

2018

2017

2016

2015

2014

Key figures

Net sales

MCHF

3,081

2,908

2,809

2,594

2,089

Change on previous year

+5.9

+3.5

+8.3

+24.2

+4.5

Change on previous year c.a./org.

+3.1

+3.5

+6.4

+2.7

+5.9

Operating profit (EBIT) ¹

MCHF

744

706

687

591

577

Margin in % of net sales ¹

24.2

24.3

24.4

22.8

27.6

Net income ¹

MCHF

626

604

584

493

499

Margin in % of net sales ¹

20.3

20.8

19.0

23.9

Operating cashflow (EBITDA) ¹

MCHF

868

821

795

694

657

Margin in % of net sales ¹

28.2

28.3

26.7

31.5

Free cashflow ²

MCHF

582

476

557

484

460

Margin in % of net sales ²

18.9

16.4

19.8

18.7

22.0

Financial results, net ¹

MCHF

-20

-9

-17

-2

Capital expenditures

MCHF

162

159

139

147

105

Research and development expenses

MCHF

In % of net sales

2.5

2.7

2.6

2.4

2.7

Earnings per share ¹

CHF

17.21

16.43

15.85

13.23

13.28

Distribution per share

CHF

10.80

10.40

10.00

8.40

8.30

Employees

Number of employees (31.12.)

11,630

11,709

11,592

12,126

6,247

Annual average

11,803

11,726

11,972

12,477

6,303

Net sales per employee

TCHF

261

248

235

208

331

Balance sheet (31.12.)

Total assets

MCHF

3,502

3,743

3,601

3,554

2,432

Cash and cash equivalents, marketable securities, short-term investments

MCHF

282

413

510

460

750

Net working capital

MCHF

206

173

147

169

Property, plant and equipment

MCHF

829

813

727

715

551

Goodwill and intangible assets

MCHF

1,652

1,749

1,681

1,757

645

Total debt

MCHF

837

895

971

1,139

Equity

MCHF

1,745

1,837

1,635

1,482

1,717

Equity ratio

49.8

49.1

45.4

41.7

70.6

Gearing

31.8

26.3

28.2

45.9

-43.0

ROIC ¹

22.6

22.4

21.5

20.1

35.5

¹	2015–2018: Adjusted for costs in connection with the Sanitec acquisition and integration (EBITDA 2018 not adjusted)
²	2016–2017: Adjusted due to an internal reclassification
³	Subject to approval of the General Meeting 2024

10-year key figures

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