Consolidated balance sheet

Assets

CHF million

 

Reporting half-year ended 31.12.2025

%

 

Financial year ended 30.06.2025

%

 

Reporting half-year ended 31.12.2024

%

Current assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

118.5

6.4

 

445.1

20.4

 

135.9

7.1

Trade receivables

 

413.3

22.5

 

462.2

21.3

 

433.8

22.6

Inventories

 

489.5

26.6

 

480.3

22.1

 

529.1

27.6

Current income tax assets

 

23.1

1.3

 

21.2

1.0

 

20.0

1.0

Other current assets

 

96.0

5.2

 

71.1

3.3

 

71.0

3.7

Total current assets

 

1,140.4

62.0

 

1,479.9

68.1

 

1,189.8

62.0

Non-current assets

 

 

 

 

 

 

 

 

 

Property, plant, and equipment

 

396.2

21.6

 

392.5

18.0

 

401.0

20.9

Intangible assets

 

150.3

8.2

 

145.2

6.7

 

148.5

7.7

Investments in associates

 

0.3

0.0

 

0.3

0.0

 

0.0

0.0

Non-current financial assets

 

41.8

2.3

 

37.7

1.7

 

42.4

2.2

Deferred income tax assets

 

109.0

5.9

 

118.9

5.5

 

137.4

7.2

Total non-current assets

 

697.6

38.0

 

694.6

31.9

 

729.3

38.0

Total assets

 

1,838.0

100.0

 

2,174.5

100.0

 

1,919.1

100.0

Liabilities and equity

CHF million

 

Reporting half-year ended 31.12.2025

%

 

Financial year ended 30.06.2025

%

 

Reporting half-year ended 31.12.2024

%

Current liabilities

 

 

 

 

 

 

 

 

 

Current borrowings

 

95.4

5.2

 

322.9

14.8

 

323.7

16.9

Trade payables

 

148.1

8.0

 

187.5

8.6

 

167.2

8.7

Current income tax liabilities

 

20.3

1.1

 

34.0

1.6

 

36.5

1.9

Accrued and other current liabilities

 

338.2

18.4

 

406.1

18.7

 

370.5

19.3

Current provisions

 

61.0

3.3

 

61.1

2.8

 

86.0

4.4

Total current liabilities

 

663.0

36.0

 

1,011.6

46.5

 

983.9

51.2

Non-current liabilities

 

 

 

 

 

 

 

 

 

Accrued pension and other employee benefits

 

245.7

13.4

 

246.3

11.3

 

251.0

13.1

Deferred income tax liabilities

 

24.4

1.3

 

21.7

1.0

 

23.2

1.2

Non-current provisions

 

11.0

0.6

 

13.2

0.6

 

12.5

0.7

Non-current liabilities

 

481.2

26.2

 

480.4

22.1

 

278.6

14.5

Total non-current liabilities

 

762.3

41.5

 

761.6

35.0

 

565.3

29.5

Total liabilities

 

1,425.3

77.5

 

1,773.2

81.5

 

1,549.2

80.7

Equity

 

 

 

 

 

 

 

 

 

Share capital

 

0.4

0.0

 

0.4

0.0

 

0.4

0.0

Additional paid-in capital

 

811.3

44.1

 

811.3

37.3

 

811.3

42.3

Retained earnings

 

–414.3

–22.5

 

–415.8

–19.1

 

–464.2

–24.2

Treasury shares

 

–20.2

–1.1

 

–27.8

–1.3

 

–5.6

–0.3

Translation exchange differences

 

–92.4

–5.0

 

–91.1

–4.2

 

–70.7

–3.7

Total equity owners of the parent

 

284.8

15.5

 

277.0

12.7

 

271.2

14.1

Minority interests

 

127.9

7.0

 

124.3

5.8

 

98.7

5.2

Total equity

 

412.7

22.5

 

401.3

18.5

 

369.9

19.3

Total liabilities and equity

 

1,838.0

100.0

 

2,174.5

100.0

 

1,919.1

100.0