|
CHF millions |
Note |
30.06.2025 |
31.12.2024 |
30.06.2024 |
|
ASSETS |
|
|
|
|
|
Short-term assets |
|
|
|
|
|
Liquid funds |
|
51.5 |
68.2 |
59.1 |
|
Accounts receivable |
|
169.5 |
133.0 |
187.9 |
|
Other short-term receivables |
|
22.7 |
24.0 |
34.1 |
|
Inventories |
|
177.0 |
182.1 |
188.2 |
|
Accruals |
|
5.2 |
4.2 |
5.3 |
|
Total short-term assets |
|
425.9 |
411.5 |
474.6 |
|
Long-term Assets |
|
|
|
|
|
Tangible assets |
|
770.0 |
794.5 |
794.9 |
|
Financial assets |
|
25.4 |
24.3 |
24.2 |
|
Intangible assets |
|
8.0 |
7.4 |
5.0 |
|
Total long-term assets |
|
803.4 |
826.2 |
824.1 |
|
Total assets |
|
1 229.3 |
1 237.7 |
1 298.7 |
|
LIABILITIES |
|
|
|
|
|
Liabilities |
|
|
|
|
|
Accounts payable |
|
102.3 |
149.3 |
140.1 |
|
Short-term financial debts |
|
38.9 |
12.5 |
2.9 |
|
Other short-term liabilities |
|
29.1 |
22.0 |
27.9 |
|
Deferrals |
|
60.2 |
46.8 |
45.3 |
|
Short-term provisions |
|
10.3 |
9.8 |
19.6 |
|
Short-term liabilities |
|
240.8 |
240.4 |
235.8 |
|
Long-term financial debts |
|
214.4 |
206.6 |
261.7 |
|
Other long-term liabilities |
|
1.1 |
0.4 |
0.4 |
|
Long-term provisions |
|
32.0 |
32.1 |
31.9 |
|
Long-term liabilities |
|
247.5 |
239.1 |
294.0 |
|
Total liabilities |
|
488.3 |
479.5 |
529.8 |
|
Shareholders' equity |
|
|
|
|
|
Share capital |
|
19.8 |
19.8 |
19.8 |
|
Capital reserves |
|
0.3 |
0.3 |
0.3 |
|
Retained earnings |
|
711.1 |
724.4 |
739.4 |
|
Consolidated profit |
|
9.8 |
13.7 |
9.4 |
|
Total shareholders' equity |
|
741.0 |
758.2 |
768.9 |
|
Total liabilities |
|
1 229.3 |
1 237.7 |
1 298.7 |
|
CHF millions |
Note |
Half Year 2025 |
Half Year 2024 1 |
|
|
|
|
|
|
Net sales from goods and services |
412.7 |
444.9 |
|
|
Other operating income |
|
6.2 |
6.7 |
|
Changes in inventories |
|
2.6 |
– 4.9 |
|
|
|
|
|
|
Material expenses |
|
– 69.6 |
– 76.9 |
|
Energy expenses |
|
– 88.2 |
– 87.0 |
|
Personnel expenses |
|
– 97.2 |
– 98.6 |
|
Depreciation |
|
– 40.7 |
– 40.1 |
|
Impairments of tangible assets |
|
– |
– |
|
Amortisation |
|
– 0.8 |
– 0.6 |
|
Other operating expenses |
|
– 102.4 |
– 105.7 |
|
Costs related to plant closure |
– 2.1 |
– 20.3 |
|
|
|
|
|
|
|
Operating result |
|
20.5 |
17.5 |
|
Financial result |
|
– 3.3 |
– 5.8 |
|
|
|
|
|
|
Ordinary result |
|
17.2 |
11.7 |
|
Non-operating result 2 |
|
0.3 |
0.7 |
|
Extraordinary result |
– 0.5 |
0.4 |
|
|
|
|
|
|
|
Consolidated result before income taxes |
|
17.0 |
12.8 |
|
Income taxes |
– 7.2 |
– 3.4 |
|
|
|
|
|
|
|
Consolidated profit |
|
9.8 |
9.4 |
|
|
|
|
|
|
Earnings per share |
|
|
|
|
Undiluted earnings per registered share A in CHF |
|
0.50 |
0.48 |
|
Undiluted earnings per registered share B in CHF |
|
0.10 |
0.10 |
|
Diluted earnings per registered share A in CHF |
|
0.50 |
0.48 |
|
Diluted earnings per registered share B in CHF |
|
0.10 |
0.10 |
1 adjusted; see note No. 5
2 This includes depreciation of CHF 0.4 million on non-operating real estate and buildings (2024: CHF 0.3 million).
|
CHF millions |
Note |
Half Year 2025 |
2024 |
Half Year 2024 |
|
|
|
|
|
|
|
Consolidated profit |
|
9.8 |
13.7 |
9.4 |
|
Depreciation and amortisation |
|
41.9 |
79.3 |
41.1 |
|
Impairments |
|
– 1.5 |
7.3 |
3.9 |
|
Change in provisions |
|
– |
0.8 |
10.8 |
|
Result from disposals of fixed assets |
|
0.6 |
– 0.4 |
– 0.1 |
|
Other non-cash items |
|
0.9 |
2.9 |
2.7 |
|
Operating cash flow before change of net working capital |
|
51.7 |
103.6 |
67.8 |
|
|
|
|
|
|
|
Change in accounts receivable |
|
– 38.5 |
12.6 |
– 40.4 |
|
Change in inventories |
|
3.2 |
13.9 |
16.5 |
|
Change in other receivables, prepaid expenses and accrued income |
|
– 0.4 |
12.8 |
2.1 |
|
Change in accounts payable |
|
– 45.8 |
– 14.1 |
– 26.2 |
|
Change in other short-term liabilities, accrued expenses and deferred income |
|
21.9 |
7.0 |
10.2 |
|
Cash flow from operating activities |
|
– 7.9 |
135.8 |
30.0 |
|
|
|
|
|
|
|
Investments in tangible assets |
|
– 22.8 |
– 85.5 |
– 33.2 |
|
Disposals of tangible assets |
|
0.3 |
0.9 |
0.2 |
|
Investments in financial assets |
|
– |
– |
– |
|
Investments in intangible assets |
|
– 1.7 |
– 4.8 |
– 1.5 |
|
Cash flow from investment activities |
|
– 24.2 |
– 89.4 |
– 34.5 |
|
|
|
|
|
|
|
Dividend to shareholders |
|
– 19.8 |
– 19.8 |
– 19.8 |
|
Change in short-term financial debts |
|
26.6 |
6.2 |
– 0.6 |
|
Change in long-term financial debts |
|
9.4 |
– 47.6 |
– 0.1 |
|
Cash flow from financing activities |
|
16.2 |
– 61.2 |
– 20.5 |
|
|
|
|
|
|
|
Foreign exchange differences |
|
– 0.8 |
0.8 |
1.9 |
|
|
|
|
|
|
|
Change in liquid funds |
|
– 16.7 |
– 14.0 |
– 23.1 |
|
|
|
|
|
|
|
Liquid funds at the beginning of the year |
|
68.2 |
82.2 |
82.2 |
|
Liquid funds at the end of the period under review |
|
51.5 |
68.2 |
59.1 |
|
Change in liquid funds |
|
– 16.7 |
– 14.0 |
– 23.1 |
|
CHF millions |
|
|
|
|
|
|
|
|
Share capital |
Capital reserves (Agio) |
Offset goodwill |
Retained earnings |
Foreign currency translation differences |
Subtotal |
|
Shareholders' equity as per 1.1.2024 |
19.8 |
0.3 |
17.9 |
988.9 |
– 276.2 |
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 |
17.9 |
978.5 |
– 247.6 |
768.9 |
|
Consolidated result |
– |
– |
– |
4.3 |
– |
4.3 |
|
Foreign exchange differences |
– |
– |
– |
– |
– 15.0 |
– 15.0 |
|
Shareholders' equity as per 31.12.2024 |
19.8 |
0.3 |
17.9 |
982.8 |
– 262.6 |
758.2 |
|
Consolidated result |
– |
– |
– |
9.8 |
– |
9.8 |
|
Dividends |
– |
– |
– |
– 19.8 |
– |
– 19.8 |
|
Foreign exchange differences |
– |
– |
– |
– |
– 7.2 |
– 7.2 |
|
Shareholders' equity as per 30.06.2025 |
19.8 |
0.3 |
17.9 |
972.8 |
– 269.8 |
741.0 |