Key figures

in CHF thousand	2021	2020	2019	2018	2017
Net sales	496 693	445 189	524 657	533 543	469 767
Earnings before interest, taxes, depreciation and amortization (EBITDA)	25 718	55 151	87 994	83 121	33 761
in % of net sales	5.2	12.4	16.8	15.6	7.2
Earnings before interest and taxes (EBIT) before impairment	– 2 667	24 663	56 600	51 633	2 901
in % of net sales	– 0.5	5.5	10.8	9.7	0.6
Earnings before interest and taxes (EBIT)	– 152 667	24 663	56 600	51 633	2 901
in % of net sales	– 30.7	5.5	10.8	9.7	0.6
Financial result	– 3 859	– 4 652	– 5 647	– 5 976	– 6 604
Earnings before taxes and extraordinary items	– 156 526	20 011	50 953	45 657	– 3 703
Net result for the year ₁₎	– 151 410	46 963	48 453	42 280	16 187
in % of net sales	– 30.5	10.5	9.2	7.9	3.4
in % of equity	– 48.8	10.0	11.0	10.4	4.1
in % of total capital	– 27.0	6.7	6.9	5.3	2.3
Cash flow	16 659	45 841	79 943	68 961	14 467
Investments in tangible fixed assets (gross)	22 965	17 507	21 888	22 299	32 314
Free cash flow	– 3 380	39 683	139 926	– 80 488	12 857
Adjusted free cash flow ₂₎	– 3 380	39 683	39 926	19 512	12 857
Balance sheet total ₁₎	560 398	704 233	702 658	800 469	697 552
Fixed assets	270 695	432 893	436 017	447 172	455 307
in % of balance sheet total	48.3	61.5	62.1	55.9	65.3
Equity ₁₎	310 494	471 867	441 289	407 144	396 245
in % of balance sheet total	55.4	67.0	62.8	50.9	56.8
Net cash	– 14 631	– 1 549	– 29 502	– 56 890	– 73 071
Personnel at year-end	1 104	1 098	1 086	1 081	1 019

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 2021: recommendation