Restatement of prior year financial information
The following table bridges the previous year’s disclosed segment performance to the new operating model and includes the impact from the change of the internal IT cost allocation principles. Further details are disclosed in the chapter basis of preparation.
|
|
|
Reporting half- year ended 31.12.2021 (restated) |
|
Global Operations and Marketing & Products |
|
Other organizational changes |
|
Global Research and Development |
|
IT cost reallocation |
|
Reporting half- year ended 31.12.2021 |
|
CHF million |
|
Region Americas |
|
|
|
Access Solutions AMER |
||||||
|
Net sales third parties |
|
358.2 |
|
0.4 |
|
10.1 |
|
0.0 |
|
0.0 |
|
347.7 |
|
Intercompany sales |
|
8.0 |
|
–10.2 |
|
0.7 |
|
0.0 |
|
0.0 |
|
17.5 |
|
Total sales |
|
366.2 |
|
–9.8 |
|
10.8 |
|
0.0 |
|
0.0 |
|
365.2 |
|
Adjusted EBIT (Operating profit) |
|
59.1 |
|
–4.2 |
|
2.4 |
|
10.1 |
|
–3.2 |
|
54.0 |
|
as % of sales |
|
16.1% |
|
|
|
|
|
|
|
|
|
14.8% |
|
Adjusted depreciation and amortization |
|
7.8 |
|
0.4 |
|
0.1 |
|
–1.7 |
|
2.0 |
|
7.0 |
|
Adjusted EBITDA (Operating profit before depreciation and amortization) |
|
66.9 |
|
–3.8 |
|
2.5 |
|
8.4 |
|
–1.2 |
|
61.0 |
|
as % of sales |
|
18.3% |
|
|
|
|
|
|
|
|
|
16.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Region Asia Pacific |
|
|
|
Access Solutions APAC |
||||||
|
Net sales third parties |
|
268.2 |
|
–4.3 |
|
28.4 |
|
0.0 |
|
0.0 |
|
244.1 |
|
Intercompany sales |
|
15.2 |
|
–1.8 |
|
0.0 |
|
0.0 |
|
0.0 |
|
17.0 |
|
Total sales |
|
283.4 |
|
–6.1 |
|
28.4 |
|
0.0 |
|
0.0 |
|
261.1 |
|
Adjusted EBIT (Operating profit) |
|
32.6 |
|
6.3 |
|
1.0 |
|
0.5 |
|
–6.0 |
|
30.8 |
|
as % of sales |
|
11.5% |
|
|
|
|
|
|
|
|
|
11.8% |
|
Adjusted depreciation and amortization |
|
8.6 |
|
2.4 |
|
0.2 |
|
0.0 |
|
1.8 |
|
4.2 |
|
Adjusted EBITDA (Operating profit before depreciation and amortization) |
|
41.2 |
|
8.7 |
|
1.2 |
|
0.5 |
|
–4.2 |
|
35.0 |
|
as % of sales |
|
14.5% |
|
|
|
|
|
|
|
|
|
13.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Region Europe & Africa |
|
Access Solutions EMEA & DACH 1) |
||||||||
|
Net sales third parties |
|
555.4 |
|
3.9 |
|
–28.4 |
|
0.0 |
|
0.0 |
|
579.9 |
|
Intercompany sales |
|
12.3 |
|
–49.3 |
|
2.4 |
|
–0.6 |
|
0.0 |
|
59.8 |
|
Total sales |
|
567.7 |
|
–45.4 |
|
–26.0 |
|
–0.6 |
|
0.0 |
|
639.7 |
|
Adjusted EBIT (Operating profit) |
|
111.2 |
|
–10.5 |
|
–7.1 |
|
35.8 |
|
–6.5 |
|
99.5 |
|
as % of sales |
|
19.6% |
|
|
|
|
|
|
|
|
|
15.6% |
|
Adjusted depreciation and amortization |
|
14.1 |
|
–2.5 |
|
0.1 |
|
–0.5 |
|
4.6 |
|
12.4 |
|
Adjusted EBITDA (Operating profit before depreciation and amortization) |
|
125.3 |
|
–13.0 |
|
–7.0 |
|
35.3 |
|
–1.9 |
|
111.9 |
|
as % of sales |
|
22.1% |
|
|
|
|
|
|
|
|
|
17.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Key & Wall Solutions |
|
|
|
Key & Wall Solutions |
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|
Net sales third parties |
|
167.8 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
167.8 |
|
Intercompany sales |
|
6.5 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
6.5 |
|
Total sales |
|
174.3 |
|
0.0 |
|
0.0 |
|
0.0 |
|
0.0 |
|
174.3 |
|
Adjusted EBIT (Operating profit) |
|
17.0 |
|
0.1 |
|
0.0 |
|
0.0 |
|
–1.1 |
|
18.0 |
|
as % of sales |
|
9.8% |
|
|
|
|
|
|
|
|
|
10.3% |
|
Adjusted depreciation and amortization |
|
5.2 |
|
0.1 |
|
0.0 |
|
0.0 |
|
0.8 |
|
4.3 |
|
Adjusted EBITDA (Operating profit before depreciation and amortization) |
|
22.2 |
|
0.2 |
|
0.0 |
|
0.0 |
|
–0.3 |
|
22.3 |
|
as % of sales |
|
12.7% |
|
|
|
|
|
|
|
|
|
12.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Global R&D |
Global R&D |
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|
Adjusted EBIT (Operating profit) |
|
–49.3 |
|
|
|
|
|
–49.3 |
|
|
|
0.0 |
|
Adjusted depreciation and amortization |
|
2.1 |
|
|
|
|
|
2.1 |
|
|
|
0.0 |
|
Adjusted EBITDA (Operating profit before depreciation and amortization) |
|
–47.2 |
|
|
|
|
|
–47.2 |
|
|
|
0.0 |
1) For better readability, the former segments AS EMEA and AS DACH are disclosed combined. Intersegment transactions of the combined disclosure are eliminated.
To enable a fair comparison with current year data, the consolidated income statement was retrospectively adjusted for the change in the internal IT cost allocation principles. Further details are disclosed in the chapter basis of preparation.
|
CHF million |
|
Reporting half- year ended 31.12.2021 (restated) |
|
IT Expenses reclassified |
|
Reporting half- year ended 31.12.2021 |
|
Net sales |
|
1,349.6 |
|
0.0 |
|
1,349.6 |
|
Cost of goods sold |
|
–810.3 |
|
11.8 |
|
–798.5 |
|
Gross margin |
|
539.3 |
|
11.8 |
|
551.1 |
|
Other operating income, net |
|
8.0 |
|
–0.4 |
|
7.6 |
|
Sales and marketing |
|
–220.2 |
|
10.8 |
|
–209.4 |
|
General administration |
|
–126.9 |
|
–25.5 |
|
–152.4 |
|
Research and development |
|
–57.8 |
|
3.3 |
|
–54.5 |
|
Operating profit (EBIT) |
|
142.4 |
|
0.0 |
|
142.4 |
|
Adjusted EBITDA (Operating profit before depreciation and amortization) |
|
193.5 |
|
0.0 |
|
193.5 |