Key Financial Data

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Income statement
		2021	2020	Change in %
Sales	CHF million	4,585.5	4,016.8	14.2
EBITDA	CHF million	921.5	696.1	32.4
in % of sales	%	20.1	17.4
EBIT	CHF million	644.9	420.3	53.4
in % of sales	%	14.1	10.5
Net income	CHF million	490.5	320.1	53.2
in % of sales	%	10.7	8.0

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Balance Sheet
		2021	2020	Change in %
Total assets	CHF million	8,956.1	8,051.0	11.2
Current assets	CHF million	3,024.8	2,953.9	2.4
in % of total assets	%	33.8	36.7
Non-current assets	CHF million	5,931.3	5,097.1	16.4
in % of total assets	%	66.2	63.3
Non-current liabilities	CHF million	2,246.8	2,164.4	3.8
in % of total assets	%	25.1	26.9
Shareholders’ equity	CHF million	5,223.6	4,606.3	13.4
in % of total assets	%	58.3	57.2

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Cash Flow

2021

2020

Change
in %

Operating cash flow

CHF million

826.8

787.6

5.0

in % of sales

%

18.0

19.6

CAPEX in PPE / intangible assets / right-of-use assets¹

CHF million

240.8

249.1

– 3.3

in % of operating cash flow

%

29.1

31.6

1	The position “CAPEX in right-of-use assets” consists of payments made before lease inception, which are disclosed within the cash flow from investment activities.

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Employees
		2021	2020	Change in %
Average number of employees		14,135	13,557	4.3
Sales per employee	TCHF	324.4	296.3	9.5

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Data per share

2021

2020

Change
in %

Non-diluted earnings per share/10 PC¹

CHF

2,049

1,333

53.7

Operating cash flow per share/10 PC¹

CHF

3,453

3,264

5.8

Dividend per share/10 PC

CHF

1 200²

1,100

9.1

Payout ratio

%

59.3

82.5

Shareholders’ equity per share/10 PC

CHF

21,818

19,088

14.3

Price registered share at December 31

CHF

122,200

88,400

38.2

Price participation certificate at December 31

CHF

12,630

8,630

46.3

Market capitalization at December 31

CHF million

30,035.2

20,993.8

43.1

1	Based on weighted average number of registered shares/10 participation certificates.
2	Proposal of the Board of Directors.

Annual Report 2021

Sales

Operating profit (EBIT)