Key figures

in CHF thousand	2020	2019	2018	2017	2016
Net sales	445 189	524 657	533 543	469 767	434 835
Earnings before interest, taxes, depreciation and amortization (EBITDA)	55 151	87 994	83 121	33 761	36 935
in % of net sales	12.4	16.8	15.6	7.2	8.5
Earnings before interest and taxes (EBIT)	24 663	56 600	51 633	2 901	5 891
in % of net sales	5.5	10.8	9.7	0.6	1.4
Financial result	– 4 652	– 5 647	– 5 976	– 6 604	– 5 066
Earnings before taxes and extraordinary items	20 011	50 953	45 657	– 3 703	825
Net result for the year 1)	46 963	48 453	42 280	16 187	– 7 714
in % of net sales	10.5	9.2	7.9	3.4	– 1.8
in % of equity	10.0	11.0	10.4	4.1	– 2.0
in % of total capital	6.7	6.9	5.3	2.3	– 1.1
Cash flow	45 841	79 943	68 961	14 467	28 271
Investments in tangible fixed assets (gross)	17 507	21 888	22 299	32 314	20 720
Free cash flow	39 683	139 926	– 80 488	12 857	1 938
Adjusted free cash flow 2)	39 683	39 926	19 512	12 857	1 938
Balance sheet total 1)	704 233	702 658	800 469	697 552	672 427
Fixed assets	432 893	436 017	447 172	455 307	450 304
in % of balance sheet total	61.5	62.1	55.9	65.3	67.0
Equity	471 867	441 289	407 144	396 245	380 782
in % of balance sheet total	67.0	62.8	50.9	56.8	56.6
Net cash	– 1 549	– 29 502	– 56 890	– 73 071	– 82 099
Personnel at year-end	1 098	1 086	1 081	1 019	985

1) Including minorities

2) 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 2020: recommendation