10-year key figures

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2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

Key figures

Net sales

MCHF

3,085

3,084

3,392

3,460

2,986

3,083

3,081

2,908

2,809

2,594

Change on previous year

+0.1

-9.1

-2.0

+15.9

-3.1

+0.1

+5.9

+3.5

+8.3

+24.2

Change on previous year c.a./org.

+2.5

-4.8

+4.8

+14.7

+1.3

+3.4

+3.1

+3.5

+6.4

+2.7

Operating profit (EBIT) ¹

MCHF

762

769

755

902

772

757

744

706

687

591

Margin in % of net sales ¹

24.7

24.9

22.3

26.1

25.8

24.5

24.2

24.3

24.4

22.8

Net income ¹

MCHF

597

617

706

756

642

647

626

604

584

493

Margin in % of net sales ¹

19.4

20.0

20.8

21.8

21.5

21.0

20.3

20.8

19.0

Operating cashflow (EBITDA) ¹

MCHF

913

921

909

1,069

925

904

868

821

795

694

Margin in % of net sales ¹

29.6

29.9

26.8

30.9

31.0

29.3

28.2

28.3

26.7

Free cashflow ²

MCHF

613

625

562

809

717

644

582

476

557

484

Margin in % of net sales ²

19.9

20.3

16.6

23.4

24.0

20.9

18.9

16.4

19.8

18.7

Financial results, net ¹

MCHF

-24

-27

-14

-13

-17

-14

-20

-9

-17

Capital expenditures

MCHF

182

197

155

169

150

167

162

159

139

147

Research and development expenses

MCHF

In % of net sales

2.4

2.3

2.1

2.3

2.5

2.7

2.6

2.4

Earnings per share ¹

CHF

18.06

18.39

20.48

21.34

17.95

17.97

17.21

16.43

15.85

13.23

Distribution per share

CHF

12.80 ³

12.70

12.60

12.50

11.40

11.30

10.80

10.40

10.00

8.40

Employees

Number of employees (31.12.)

11,110

10,947

11,514

11,809

11,569

11,619

11,630

11,709

11,592

12,126

Annual average

11,041

11,189

11,809

11,821

11,552

11,631

11,803

11,726

11,972

12,477

Net sales per employee

TCHF

279

276

287

293

258

265

261

248

235

208

Balance sheet (31.12.)

Total assets

MCHF

3,641

3,556

3,429

3,772

3,751

3,725

3,502

3,743

3,601

3,554

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

MCHF

408

357

206

511

469

428

282

413

510

460

Net working capital

MCHF

225

196

237

157

181

202

206

173

147

Property, plant and equipment

MCHF

1,045

976

948

956

934

920

829

813

727

715

Goodwill and intangible assets

MCHF

1,332

1,340

1,410

1,493

1,577

1,597

1,652

1,749

1,681

1,757

Total debt

MCHF

1,373

1,321

1,030

784

779

837

895

971

1,139

Equity

MCHF

1,302

1,320

1,497

1,988

1,922

1,899

1,745

1,837

1,635

1,482

Equity ratio

35.8

37.1

43.7

52.7

51.2

51.0

49.8

49.1

45.4

41.7

Gearing

74.1

73.1

55.0

13.7

16.1

21.5

31.8

26.3

28.2

45.9

ROIC ¹

23.0

23.6

26.5

27.1

23.2

23.1

22.6

22.4

21.5

20.1

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	2024: Subject to approval of the General Meeting 2025

2024

2023

2022

2021

2020

Key figures

Net sales

MCHF

3,085

3,084

3,392

3,460

2,986

Change on previous year

+0.1

-9.1

-2.0

+15.9

-3.1

Change on previous year c.a./org.

+2.5

-4.8

+4.8

+14.7

+1.3

Operating profit (EBIT) ¹

MCHF

762

769

755

902

772

Margin in % of net sales ¹

24.7

24.9

22.3

26.1

25.8

Net income ¹

MCHF

597

617

706

756

642

Margin in % of net sales ¹

19.4

20.0

20.8

21.8

21.5

Operating cashflow (EBITDA) ¹

MCHF

913

921

909

1,069

925

Margin in % of net sales ¹

29.6

29.9

26.8

30.9

31.0

Free cashflow ²

MCHF

613

625

562

809

717

Margin in % of net sales ²

19.9

20.3

16.6

23.4

24.0

Financial results, net ¹

MCHF

-24

-27

-14

-13

-17

Capital expenditures

MCHF

182

197

155

169

150

Research and development expenses

MCHF

In % of net sales

2.4

2.3

2.1

2.3

2.5

Earnings per share ¹

CHF

18.06

18.39

20.48

21.34

17.95

Distribution per share

CHF

12.80 ³

12.70

12.60

12.50

11.40

Employees

Number of employees (31.12.)

11,110

10,947

11,514

11,809

11,569

Annual average

11,041

11,189

11,809

11,821

11,552

Net sales per employee

TCHF

279

276

287

293

258

Balance sheet (31.12.)

Total assets

MCHF

3,641

3,556

3,429

3,772

3,751

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

MCHF

408

357

206

511

469

Net working capital

MCHF

225

196

237

157

181

Property, plant and equipment

MCHF

1,045

976

948

956

934

Goodwill and intangible assets

MCHF

1,332

1,340

1,410

1,493

1,577

Total debt

MCHF

1,373

1,321

1,030

784

779

Equity

MCHF

1,302

1,320

1,497

1,988

1,922

Equity ratio

35.8

37.1

43.7

52.7

51.2

Gearing

74.1

73.1

55.0

13.7

16.1

ROIC ¹

23.0

23.6

26.5

27.1

23.2

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	2024: Subject to approval of the General Meeting 2025

2019

2018

2017

2016

2015

Key figures

Net sales

MCHF

3,083

3,081

2,908

2,809

2,594

Change on previous year

+0.1

+5.9

+3.5

+8.3

+24.2

Change on previous year c.a./org.

+3.4

+3.1

+3.5

+6.4

+2.7

Operating profit (EBIT) ¹

MCHF

757

744

706

687

591

Margin in % of net sales ¹

24.5

24.2

24.3

24.4

22.8

Net income ¹

MCHF

647

626

604

584

493

Margin in % of net sales ¹

21.0

20.3

20.8

19.0

Operating cashflow (EBITDA) ¹

MCHF

904

868

821

795

694

Margin in % of net sales ¹

29.3

28.2

28.3

26.7

Free cashflow ²

MCHF

644

582

476

557

484

Margin in % of net sales ²

20.9

18.9

16.4

19.8

18.7

Financial results, net ¹

MCHF

-14

-20

-9

-17

Capital expenditures

MCHF

167

162

159

139

147

Research and development expenses

MCHF

In % of net sales

2.5

2.7

2.6

2.4

Earnings per share ¹

CHF

17.97

17.21

16.43

15.85

13.23

Distribution per share

CHF

11.30

10.80

10.40

10.00

8.40

Employees

Number of employees (31.12.)

11,619

11,630

11,709

11,592

12,126

Annual average

11,631

11,803

11,726

11,972

12,477

Net sales per employee

TCHF

265

261

248

235

208

Balance sheet (31.12.)

Total assets

MCHF

3,725

3,502

3,743

3,601

3,554

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

MCHF

428

282

413

510

460

Net working capital

MCHF

202

206

173

147

Property, plant and equipment

MCHF

920

829

813

727

715

Goodwill and intangible assets

MCHF

1,597

1,652

1,749

1,681

1,757

Total debt

MCHF

837

895

971

1,139

Equity

MCHF

1,899

1,745

1,837

1,635

1,482

Equity ratio

51.0

49.8

49.1

45.4

41.7

Gearing

21.5

31.8

26.3

28.2

45.9

ROIC ¹

23.1

22.6

22.4

21.5

20.1

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

10-year key figures

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