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Explore our Annual Report

Financial Report

Financial highlights

  • Revenue of CHF 333.5 million compared to revenues of CHF 385.1 million, a decline of ‑13.4% (-9.3% at constant exchange rates)
  • Gross profit (adjusted) of CHF 150.9 million compared to CHF 175.1 million, a decline of -13.8%, and equivalent to a gross margin of 45.3% versus 45.5%
  • EBITDA (adjusted) of CHF 42.2 million, compared to CHF 71.7 million
  • EBIT (adjusted) of CHF 18.0 million, compared to CHF 43.1 million
  • Net profit (adjusted) before minority interests of CHF 2.9 million, compared to  CHF 32.0 million
  • Cash flow from operating activities of CHF 39.5 million, compared to CHF 77.3 million
  • Free cash flow of CHF -16.5 million (CHF -3.0 million before acquisitions), compared to CHF 10.5 million
  • CHF 93.9 million of cash and cash equivalents at year-end 2020, compared to CHF 127.4 million at year-end 2019
  • Ended 2020 with record bookings driven by a broad-based resurgence in demand across all end markets and regions, which continued to accelerate into 2021

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