|
CHF millions |
Note |
30.06.2024 |
31.12.2023 |
30.06.2023 |
|
ASSETS |
|
|
|
|
|
Short-term assets |
|
|
|
|
|
Liquid funds |
|
59.1 |
82.2 |
83.4 |
|
Accounts receivable |
|
187.9 |
141.3 |
187.5 |
|
Other short-term receivables |
|
34.1 |
36.0 |
40.9 |
|
Inventories |
|
188.2 |
197.9 |
198.6 |
|
Accruals |
|
5.3 |
4.1 |
6.2 |
|
Total short-term assets |
|
474.6 |
461.5 |
516.6 |
|
Long-term Assets |
|
|
|
|
|
Tangible assets |
|
794.9 |
778.0 |
751.3 |
|
Financial assets |
|
24.2 |
20.3 |
18.6 |
|
Intangible assets |
|
5.0 |
4.0 |
3.2 |
|
Total long-term assets |
|
824.1 |
802.3 |
773.1 |
|
Total assets |
|
1 298.7 |
1 263.8 |
1 289.7 |
|
LIABILITIES |
|
|
|
|
|
Liabilities |
|
|
|
|
|
Accounts payable |
|
140.1 |
160.5 |
165.0 |
|
Short-term financial debts |
|
2.9 |
3.3 |
56.1 |
|
Other short-term liabilities |
|
27.9 |
26.9 |
30.8 |
|
Deferrals |
|
45.3 |
34.1 |
53.1 |
|
Short-term provisions |
|
19.6 |
4.8 |
9.5 |
|
Short-term liabilities |
|
235.8 |
229.6 |
314.5 |
|
Long-term financial debts |
|
261.7 |
252.4 |
166.1 |
|
Other long-term liabilities |
|
0.4 |
0.5 |
0.6 |
|
Long-term provisions |
|
31.9 |
30.6 |
31.1 |
|
Long-term liabilities |
|
294.0 |
283.5 |
197.8 |
|
Total liabilities |
|
529.8 |
513.1 |
512.3 |
|
Shareholders' equity |
|
|
|
|
|
Share capital |
|
19.8 |
19.8 |
19.8 |
|
Capital reserves |
|
0.3 |
0.3 |
0.3 |
|
Retained earnings |
|
739.4 |
667.3 |
706.6 |
|
Consolidated profit |
|
9.4 |
63.3 |
50.7 |
|
Total shareholders' equity |
|
768.9 |
750.7 |
777.4 |
|
Total liabilities |
|
1 298.7 |
1 263.8 |
1 289.7 |
|
CHF millions |
Note |
Half Year 2024 |
Half Year 2023 |
|
|
|
|
|
|
Net sales from goods and services |
444.9 |
477.9 |
|
|
Other operating income |
|
6.7 |
10.9 |
|
Changes in inventories |
|
– 4.9 |
39.0 |
|
|
|
|
|
|
Material expenses |
|
– 76.9 |
– 75.1 |
|
Energy expenses |
|
– 87.0 |
– 140.2 |
|
Personnel expenses |
|
– 98.6 |
– 97.0 |
|
Depreciation |
|
– 40.1 |
– 33.6 |
|
Impairments of tangible assets |
|
– |
– |
|
Amortisation |
|
– 0.6 |
– 0.8 |
|
Other operating expenses |
|
– 105.7 |
– 110.9 |
|
|
|
|
|
|
Operating result (EBIT) |
|
37.8 |
70.1 |
|
Financial result |
|
– 5.8 |
– 3.9 |
|
|
|
|
|
|
Ordinary result |
|
32.0 |
66.2 |
|
Non-operating result 1 |
– 19.6 |
– 0.5 |
|
|
Extraordinary result |
0.4 |
– 0.4 |
|
|
|
|
|
|
|
Consolidated result before income taxes |
|
12.8 |
65.3 |
|
Income taxes |
|
– 3.4 |
– 14.6 |
|
|
|
|
|
|
Consolidated profit |
|
9.4 |
50.7 |
|
|
|
|
|
|
Earnings per share |
|
|
|
|
Undiluted earnings per registered share A in CHF |
|
0.48 |
2.56 |
|
Undiluted earnings per registered share B in CHF |
|
0.10 |
0.51 |
|
Diluted earnings per registered share A in CHF |
|
0.48 |
2.56 |
|
Diluted earnings per registered share B in CHF |
|
0.10 |
0.51 |
1 This includes depreciation of CHF 0.4 million on non-operating real estate and buildings (2023: CHF 0.4 million).
|
CHF millions |
Note |
Half Year 2024 |
2023 |
Half Year 2023 |
|
|
|
|
|
|
|
Consolidated profit |
|
9.4 |
63.3 |
50.7 |
|
Depreciation and amortisation |
|
41.1 |
74.9 |
34.9 |
|
Impairments |
|
3.9 |
– 1.2 |
– 0.3 |
|
Change in provisions |
|
10.8 |
– 6.3 |
0.2 |
|
Result from disposals of fixed assets |
|
– 0.1 |
– 0.1 |
0.2 |
|
Other non-cash items |
|
2.7 |
– 0.5 |
– |
|
Operating cash flow before change of net working capital |
|
67.8 |
130.1 |
85.7 |
|
|
|
|
|
|
|
Change in accounts receivable |
|
– 40.4 |
32.1 |
– 8.7 |
|
Change in inventories |
|
16.5 |
– 53.0 |
– 43.8 |
|
Change in other receivables, prepaid expenses and accrued income |
|
2.1 |
– 4.8 |
– 9.8 |
|
Change in accounts payable |
|
– 26.2 |
– 38.0 |
– 43.4 |
|
Change in other short-term liabilities, accrued expenses and deferred income |
|
10.2 |
6.0 |
26.3 |
|
Cash flow from operating activities |
|
30.0 |
72.4 |
6.3 |
|
|
|
|
|
|
|
Investments in tangible assets |
|
– 33.2 |
– 235.6 |
– 127.4 |
|
Disposals of tangible assets |
|
0.2 |
1.5 |
0.2 |
|
Investments in financial assets |
|
– |
– 0.1 |
– |
|
Investments in intangible assets |
|
– 1.5 |
– 2.3 |
– 0.6 |
|
Cash flow from investment activities |
|
– 34.5 |
– 236.5 |
– 127.8 |
|
|
|
|
|
|
|
Dividend to shareholders |
|
– 19.8 |
– 19.8 |
– 19.8 |
|
Change in short-term financial debts |
|
– 0.6 |
– 4.0 |
46.2 |
|
Change in long-term financial debts |
|
– 0.1 |
94.1 |
– 1.7 |
|
Cash flow from financing activities |
|
– 20.5 |
70.3 |
24.7 |
|
|
|
|
|
|
|
Foreign exchange differences |
|
1.9 |
– 4.3 |
– 0.1 |
|
|
|
|
|
|
|
Change in liquid funds |
|
– 23.1 |
– 98.1 |
– 96.9 |
|
|
|
|
|
|
|
Liquid funds at the beginning of the year |
|
82.2 |
180.3 |
180.3 |
|
Liquid funds at the end of the period under review |
|
59.1 |
82.2 |
83.4 |
|
Change in liquid funds |
|
– 23.1 |
– 98.1 |
– 96.9 |
|
CHF millions |
|
|
|
|
|
|
|
|
Share capital |
Capital reserves (Agio) |
Offset goodwill |
Retained earnings |
Foreign currency translation differences |
Subtotal |
|
Shareholders' equity as per 1.1.2023 |
19.8 |
0.3 |
– |
963.5 |
– 234.3 |
749.3 |
|
Consolidated result |
– |
– |
– |
50.7 |
– |
50.7 |
|
Dividends |
– |
– |
– |
– 19.8 |
– |
– 19.8 |
|
Foreign exchange differences |
– |
– |
– |
– |
– 2.8 |
– 2.8 |
|
Shareholders' equity as per 30.06.2023 |
19.8 |
0.3 |
– |
994.4 |
– 237.1 |
777.4 |
|
Consolidated result |
– |
– |
– |
12.6 |
– |
12.6 |
|
Foreign exchange differences |
– |
– |
– |
– |
– 39.3 |
– 39.3 |
|
Shareholders' equity as per 31.12.2023 |
19.8 |
0.3 |
– |
1 007.0 |
– 276.4 |
750.7 |
|
Consolidated result |
– |
– |
– |
9.4 |
– |
9.4 |
|
Dividends |
– |
– |
– |
– 19.8 |
– |
– 19.8 |
|
Foreign exchange differences |
– |
– |
– |
– |
28.6 |
28.6 |
|
Shareholders' equity as per 30.06.2024 |
19.8 |
0.3 |
– |
996.6 |
– 247.8 |
768.9 |