Consolidated statement of cash flows
Notes | 2024 | 2025 | |
| CHF 1,000 |
|
|
|
| Profit/(loss) for the period |
| 67,664 | (110,653) |
|
|
| |
| Adjustments for |
|
|
|
| Depreciation, amortization and impairment losses | 19/20/21 | 72,407 | 208,531 |
Change in government grants, liability for post-employment benefits and provisions | 9.3/24/25 | (8,120) | 973 |
| Interest income | 11 | (5,357) | (3,770) |
| Interest expenses | 11 | 2,574 | 2,868 |
| Change in fair value of investment |
| - | 6,644 |
| Income taxes | 12 | 10,613 | 9,397 |
| Equity-settled share-based payment expense | 9.4 | 4,087 | 3,067 |
| Other non-cash items |
| (6,687) | 6,675 |
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|
| |
| Change in working capital |
|
|
|
| Trade accounts receivable | 16 | 13,825 | 10,273 |
| Inventories | 17 | 35,482 | 1,393 |
| Trade accounts payable |
| (7,235) | (3,518) |
| Contract liabilities | 23 | (6,311) | (7,784) |
| Other changes in working capital (net) |
| (8,080) | 31,501 |
|
|
| |
| Income taxes paid |
| (16,321) | (17,621) |
|
|
| |
| Cash inflows from operating activities |
| 148,541 | 137,976 |
|
|
| |
| Investment in time deposits |
| (510,000) | (330,000) |
| Repayment of time deposits |
| 490,000 | 445,000 |
| Investment in other financial assets | 29.2 | (2,064) | (2,755) |
| Interest received |
| 5,359 | 3,925 |
| Acquisition of a former distributor | 3.2 | (869) | - |
| Acquisition of WAKO Automation | 3,2 | - | (4,403) |
| Settlement of contingent consideration arising from business combination | 3.2 | (424) | - |
| Purchase of property, plant and equipment | 19 | (15,279) | (15,055) |
| Proceeds from sale of property, plant and equipment |
| 68 | 39 |
| Investment in intangible assets | 21 | (15,398) | (20,250) |
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|
| |
| Cash outflows from investing activities |
| (48,607) | 76,501 |
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|
| |
| Proceeds from employee participation plans | 26.4 | 1,358 | 14 |
| Dividends paid | 26.6 | (38,320) | (38,028) |
| Purchase of treasury shares | 26.3 | (28,934) | (33,412) |
| Payment of lease liabilities | 22 | (12,965) | (13,580) |
| Increase in/repayment of short-term credit facilities | 22 | (5) | - |
| Net proceeds from issuance of a bond | 22 | - | 149,907 |
| Repayment of a bond | 22 | - | (250,000) |
| Interest paid |
| (2,436) | (2,381) |
|
|
| |
| Cash (out)/inflows from financing activities |
| (81,302) | (187,480) |
|
|
| |
| Effect of exchange rate fluctuations on cash held |
| 2,596 | (4,820) |
|
|
| |
| Increase in cash and cash equivalents |
| 21,228 | 22,177 |
|
|
| |
| Cash and cash equivalents at January 1 |
| 132,965 | 154,193 |
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|
| |
| Cash and cash equivalents at December 31 | 14 | 154,193 | 176,370 |