Financial year 2023 at a glance
        
        -
        
          
        4.8
        
        
        %
        
      
    Net sales
Currency-adjusted net sales decline in 2023
Net sales development
2014–2023
      (in CHF million)
EBITDA, EBIT, Net income, Earnings per share (EPS)
2021–2023
      (in CHF million; EPS: in CHF)
Net income development
2014–2023
      (in CHF million)
        
        
        
          
        29.9
        
        
        %
        
      
    Operating cashflow margin
(EBITDA margin)
      310 basis points higher than prior year
Free cashflow
(in CHF)
      +11.3% versus prior year
        
        
        
          
        625
        
        
        million
        
      
    
        
        
        
          
        18.39
        
        
        
        
      
    Earnings per share
(in CHF)
      -10.2% versus prior year
Payout ratio
The payout ratio is just above the range of the target corridor of 50 to 70%.
        
        
        
          
        70.1
        
        
        %
        
      
    
        
        
        
          
        197
        
        
        million
        
      
    Investments in property, plant and equipment and intangible assets
(in CHF)
      +27.1% versus prior year
R&D expenditures
(in CHF)
      2.3% of net sales
        
        
        
          
        70
        
        
        million