Investments

Investments remain at a high level

Investments in property, plant and equipment and intangible assets amounted to CHF 182 million in 2024, which is CHF 15 million or 7.6% less than in the previous year. As a percentage of net sales, the investment ratio was 5.9% (previous year 6.4%). The lower investments were due to a planned reduction in the volume of strategic plant expansions compared to the previous year. However, as part of the strategic stability, all important, larger investment projects were carried out as planned.

28% of the total investments were made in capacity expansion. 51% was invested in the modernisation of property, plant and equipment and, hence, the further enhancement in production efficiency. In addition, 12% was used for rationalisation measures relating to property, plant and equipment, while 9% was used to acquire tools and equipment for new product developments.