Key Figures

1) Operating profit (EBIT) before amortization goodwill and intangibles out of business combination: operating profit (EBIT) adjusted by depreciation on acquired goodwill (TCHF 420) and acquired intangible assets (TCHF 339)
in CHF 1 000 unless otherwise specified 2018 in % 2019 in % 2020 in % 2021 in %
Net sales 248 115 100.0 253 909 100.0 214 891 100.0 239 044 100.0
Changed compared to previous year (%) 14.5   2.3   -15.4   11.2  
EBITDA before restructuring costs 24 630 9.9 24 781 9.8 19 362 9.0 23 122 9.7
Change compared to previous year (%) 28.0   0.6   -21.9   19.4  
Operating profit (EBIT) before amortization goodwill and intangibles out of business combinations1) 15 234 6.1 14 901 5.9 8 851 4.1 12 963 5.4
Amortization on goodwill and intangibles out of business combinations -   -   -   -759 -0.3
Operating profit (EBIT) 15 234 6.1 14 901 5.9 8 851 4.1 12 204 5.1
Earnings before taxes (EBT) 13 043 5.3 11 861 4.7 6 396 3.0 10 210 4.3
Income taxes -3 403 -1.4 -3 447 -1.4 -2 224 -1.1 -2 728 -1.1
Net profit/(loss) 9 640 3.9 8 414 3.3 4 172 1.9 7 482 3.1
Earnings per share 3.32   2.90   1.44   2.57  
               
Number of employees (FTEs at end of period) 2 029   2 036   1 901   2 181  

Sales by industry

Sales by export region

Sales by production region

Division results 2018 in % 2019 in % 2020 in % 2021 in %
AMS Division                
– Sales 62 977 100.0 61 344 100.0 52 521 100.0 58 678 100.0
– EBITDA before restructuring 12 036 19.1 10 362 16.9 7 352 14.0 10 263 17.5
                 
ES Division                
– Sales 185 176 100.0 192 708 100.0 163 055 100.0 181 203 100.0
– EBITDA before restructuring 14 868 8.0 15 681 8.1 13 621 8.4 15 780 8.7

Net sales by Division and EBITDA margin

in CHF 1,000 unless otherwise specified 31.12.2018 in % 31.12.2019 in % 31.12.2020 in % 2021 in %
Non-current assets 56 924 29.3 59 202 32.0 52 710 29.0 121 258 37.7
Current assets 137 282 70.7 125 744 68.0 129 340 71.0 200 631 62.3
Total assets 194 206 100.0 184 946 100.0 182 050 100.0 321 889 100.0
Equity 75 137 38.7 78 805 42.6 76 334 41.9 88 887 27.6
                 
Financial liabilities 57 823 29.8 50 347 27.2 56 752 31.2 129 856 40.4
Cash and cash equivalents 29 843 15.4 33 660 18.2 43 135 23.7 68 797 21.4
Net debt 27 980 14.4 16 687 9.0 13 617 7.5 61 059 19.0
Gearing Ratio (net debt in % of equity) 37.2   21.2   17.8   68.7  
                 
Inventories 59 213 30.5 50 632 27.4 49 875 27.4 80 109 24.9
Trade receivables 41 994 21.6 36 444 19.7 30 679 16.9 44 080 13.7
Trade payables -32 365 -16.7 -28 065 -15.1 -22 556 -12.5 -39 691 -12.3
Net working capital 68 842 35.4 59 011 32.0 57 998 31.8 84 498 26.4
in % of sales 27.7   23.2   27.0   35.3  
                 
Capex in tangible assets 18 831   13 964   5 072   8 623  
in % of sales 7.6   5.5   2.4   3.6