Key figures

in CHF thousand	2019	2018	2017	2016	2015
Net sales	524 657	533 543	469 767	434 835	420 046
Earnings before interest, taxes, depreciation and amortization (EBITDA)	87 994	83 121	33 761	36 935	12 222
in % of net sales	16.8	15.6	7.2	8.5	2.9
Earnings before interest and taxes (EBIT)	56 600	51 633	2 901	5 891	– 21 818
in % of net sales	10.8	9.7	0.6	1.4	– 5.2
Financial result	– 5 647	– 5 976	– 6 604	– 5 066	– 12 101
Earnings before taxes and extraordinary items	50 953	45 657	– 3 703	825	– 33 919
Net result for the year 1)	48 453	42 280	16 187	– 7 714	– 33 123
in % of net sales	9.2	7.9	3.4	– 1.8	– 7.9
in % of equity	11.0	10.4	4.1	– 2.0	– 8.2
in % of total capital	6.9	5.3	2.3	– 1.1	– 5.3
Cash flow	79 943	68 961	14 467	28 271	7 183
Investments in tangible fixed assets (gross)	21 888	22 299	32 314	20 720	21 922
Free cash flow 2)	139 926	– 80 488	12 857	1 938	1 355
Adjusted free cash flow 3)	39 926	19 512	12 857	1 938	1 355
Balance sheet total 1)	702 658	800 469	697 552	672 427	623 955
Fixed assets	436 017	447 172	455 307	450 304	436 922
in % of balance sheet total	62.1	55.9	65.3	67.0	70.0
Equity	441 289	407 144	396 245	380 782	402 706
in % of balance sheet total	62.8	50.9	56.8	56.6	64.5
Net cash	– 29 502	– 56 890	– 73 071	– 82 099	– 80 175
Personnel at year-end	1 086	1 081	1 019	985	858

1) Including minorities

2) Change in consolidated accounting principles for 2019; figure for 2018 restated

3) Excluding (for 2018 and 2019) CHF 100 million fixed-term deposit of funds generated by bond issue of 12.10.2018, repaid 9.7.2019

1) Based on consolidated financial statements and excluding minorities

2) For 2019, Board’s recommendation: repayment (instead of dividend) of nominal value reduction of CHF 1.80 per share