|
CHF million |
|
Reporting half-year ended 31.12.2023 |
|
Reporting half-year ended 31.12.2022 (restated) 1 |
|
Net profit |
|
48.5 |
|
54.3 |
|
Depreciation and amortization |
|
66.1 |
|
68.8 |
|
Income tax expenses |
|
27.7 |
|
29.8 |
|
Interest expenses |
|
19.4 |
|
18.6 |
|
Interest income |
|
–1.1 |
|
–0.5 |
|
(Gain) Loss on disposal of fixed assets, net |
|
–4.4 |
|
0.1 |
|
Adjustment for other non-cash items |
|
–8.7 |
|
4.8 |
|
Change in trade receivables |
|
13.2 |
|
–2.7 |
|
Change in inventories |
|
–25.0 |
|
–28.4 |
|
Change in other current assets |
|
–3.7 |
|
–7.7 |
|
Change in trade payables |
|
5.9 |
|
11.2 |
|
Change in accrued pension and other employee benefits |
|
1.9 |
|
3.4 |
|
Change in accrued and other current liabilities |
|
6.2 |
|
–14.1 |
|
Cash generated from operations |
|
146.0 |
|
137.6 |
|
Income taxes paid |
|
–31.2 |
|
–16.8 |
|
Interest paid |
|
–26.1 |
|
–17.4 |
|
Interest received |
|
1.1 |
|
0.5 |
|
Net cash from operating activities |
|
89.8 |
|
103.9 |
|
Cash flows from investing activities |
|
|
|
|
|
Additions of property, plant, and equipment |
|
–27.7 |
|
–25.2 |
|
Proceeds from sale of property, plant, and equipment |
|
8.6 |
|
0.8 |
|
Additions of intangible assets |
|
–15.7 |
|
–14.2 |
|
Change in non-current financial assets |
|
0.7 |
|
–2.4 |
|
Acquisition of subsidiaries, net of cash acquired |
|
–4.2 |
|
–12.8 |
|
Sale of subsidiaries, net of cash sold |
|
0.2 |
|
0.0 |
|
Sale of investment in associates and joint ventures |
|
12.1 |
|
0.0 |
|
Net cash used in investing activities |
|
–26.0 |
|
–53.8 |
|
Free cash flow |
|
63.8 |
|
50.1 |
|
Cash flows from financing activities |
|
|
|
|
|
New bonds issued |
|
0.0 |
|
274.2 |
|
Other proceeds from (repayment of) current borrowings, net |
|
–1.8 |
|
–218.0 |
|
Proceeds from (repayment of) non-current borrowings, net |
|
–5.4 |
|
–1.7 |
|
Change in other non-current liabilities |
|
–0.1 |
|
–0.3 |
|
Dividends paid to company’s shareholders |
|
–39.8 |
|
–48.1 |
|
Dividends paid to minority shareholders |
|
–33.1 |
|
–43.1 |
|
Net cash flows from financing activities |
|
–80.2 |
|
–37.0 |
|
Translation exchange differences |
|
8.7 |
|
2.7 |
|
Net increase (decrease) in cash and cash equivalents |
|
–7.7 |
|
15.8 |
|
Cash and cash equivalents at beginning of period |
|
122.1 |
|
104.5 |
|
Cash and cash equivalents at end of period |
|
114.4 |
|
120.3 |
|
Net increase (decrease) in cash and cash equivalents |
|
–7.7 |
|
15.8 |
1 Details on the restatement are disclosed in the notes to the consolidated financial statements in chapter changes in accounting principles and restatement of previous period.