Key Financial Data

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Income Statement

2023

2022

Change in %

Sales

CHF million

5,201.2

4,970.2

4.6

EBITDA

CHF million

1,093.9

1,017.7

7.5

in % of sales

%

21.0

20.5

EBIT

CHF million

813.1

744.6

9.2

in % of sales

%

15.6

15.0

Net income

CHF million

671.4¹

569.7

17.9

in % of sales

%

12.9¹

11.5

1

Includes a one-time positive tax impact of CHF 69.7 million, driven by the Swiss tax reform (“STAF”) and herewith related recognition of deferred tax assets. Without this impact the Net income would have amounted to CHF 601.7 million and the Net income margin would be at 11.6%. For more information refer to Note 12 “Taxes”.

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Balance Sheet
		2023	2022	Change in %
Total assets	CHF million	7,860.0	7,945.1	–1.1
Current assets	CHF million	2,609.0	2,889.8	–9.7
in % of total assets	%	33.2	36.4
Non-current assets	CHF million	5,251.0	5,055.3	3.9
in % of total assets	%	66.8	63.6
Non-current liabilities	CHF million	1,759.4	1,967.2	–10.6
in % of total assets	%	22.4	24.8
Shareholders’ equity	CHF million	4,257.6	4,400.6	–3.2
in % of total assets	%	54.2	55.4

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Cash Flow

2023

2022

Change in %

Operating cash flow

CHF million

778.6

756.0

3.0

in % of sales

%

15.0

15.2

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

CHF million

301.8

229.9

31.3

in % of operating cash flow

%

38.8

30.4

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

2023

2022

Change in %

Average number of employees^*

14,746

14,466

1.9

Sales per employee

TCHF

352.7

343.6

2.6

*	equals FTE

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Data per share

2023

2022

Change in %

Non-diluted earnings per share/10 PC¹

CHF

2,889

2,416

19.6

Operating cash flow per share/10 PC¹

CHF

3,350

3,206

4.5

Dividend per share/10 PC

CHF

1,400²

1,300

7.7

Payout ratio

%

49.2

54.6

Shareholders’ equity per share/10 PC

CHF

18,319

18,662

–1.8

Price registered share as of December 31

CHF

102,000

95,000

7.4

Price participation certificate as of December 31

CHF

10,090

9,430

7.0

Market capitalization as of December 31

CHF million

23,958.3

22,678.9

5.6

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

Sales

Operating profit (EBIT)