Consolidated cash flow statement

CHF millions

Note

Half Year 2026

2025

Half Year 2025

 

 

 

 

 

Net profit

 

4.8

3.8

9.8

Depreciation and amortisation

 

39.6

83.6

41.9

Impairments

 

1.7

6.3

– 1.5

Change in provisions

 

4.3

– 3.1

Result from disposals of fixed assets

 

1.0

0.6

Other non-cash items

 

0.4

1.9

0.9

Operating cash flow before change of net working capital

 

50.8

93.5

51.7

 

 

 

 

 

Change in receivables from goods and services

 

– 68.5

9.2

– 38.5

Change in inventories

 

22.3

– 13.6

3.2

Change in other short-term receivables, prepaid expenses and accrued income

 

– 1.1

7.3

– 0.4

Change in payables for goods and services

 

– 6.3

1.2

– 45.8

Change in other short-term liabilities, accrued expenses and deferred income

 

10.7

9.8

21.9

Cash flow from operating activities

 

7.9

107.4

– 7.9

 

 

 

 

 

Investments in tangible fixed assets

 

– 27.7

– 83.6

– 22.8

Disposals of tangible fixed assets

 

0.1

0.3

0.3

Investments in intangible assets

 

– 0.3

– 3.1

– 1.7

Cash flow from investment activities

 

– 27.9

– 86.4

– 24.2

 

 

 

 

 

Dividend to shareholders

 

– 9.9

– 19.8

– 19.8

Change in short-term financial liabilities

 

0.6

28.3

26.6

Change in long-term financial liabilities

 

71.6

9.4

Cash flow from financing activities

 

62.3

8.5

16.2

 

 

 

 

 

Foreign exchange differences

 

– 0.1

– 0.9

– 0.8

 

 

 

 

 

Change in cash and cash equivalents

 

42.2

28.6

– 16.7

 

 

 

 

 

Cash and cash equivalents at the beginning of the year

 

96.8

68.2

68.2

Cash and cash equivalents at the end of the reporting period

 

139.0

96.8

51.5

Change in cash and cash equivalents

 

42.2

28.6

– 16.7