Key figures

¹ continued divisions Zeochem and Perlen Packaging

¹ continued divisions Zeochem and Perlen Packaging

¹ continued divisions Zeochem and Perlen Packaging

¹ continued divisions Zeochem and Perlen Packaging

in CHF millions¹	2025	2024	2023	2022	2021
Net sales	334.1	323.3	361.5	340.9	265.8
Growth rate	3.3 %	‑ 10.6 %	6.1 %	28.2 %	12.8 %
EBITDA	50.3	53.8	65.0	50.2	32.9
EBITDA margin	15.0 %	16.6 %	18.0 %	14.7 %	12.4 %
Operating result (EBIT)	32.8	39.2	51.9	37.1	21.4
EBIT margin	9.8 %	12.1 %	14.4 %	10.9 %	8.1 %
Net result	23.4	34.4	45.1	26.0	18.9
Return on equity (ROE)	11.3 %	16.2 %	20.9 %	14.1 %	12.9 %
Zeochem
Net sales	114.7	117.3	124.2	110.3	95.1
EBITDA	23.9	22.8	22.1	19.1	20.5
EBITDA margin	20.8 %	19.5 %	17.8 %	17.4 %	21.5 %
Perlen Packaging
Net sales	219.4	206.0	237.3	230.6	170.7
EBITDA	25.9	33.3	42.9	31.4	11.9
EBITDA margin	11.8 %	16.1 %	18.1 %	13.6 %	7.0 %
Cash flow²	42.5	42.9	54.4	47.1	25.5
Cash flow from operating activities	34.1	53.3	57.9	36.4	21.2
Capital expenditures for fixed assets	21.2	20.4	17.9	26.1	20.4
Free cash flow³	16.4	34.9	54.8	14.6	1.4
Free cash flow margin³	4.9 %	10.8 %	15.2 %	4.3 %	0.5 %
Total assets	368.9	332.6	327.9	421.0	347.8
Shareholders' equity	203.9	209.4	216.8	214.2	153.7
Equity ratio	55.3 %	63.0 %	66.1 %	50.9 %	44.2 %
Net debt	26.2	‑ 12.7	‑ 34.7	‑ 11.5	41.2
Capital employed	244.1	208.3	192.8	207.0	207.4
Net operating profit after tax (NOPAT)	26.6	32.2	42.8	29.6	18.0
Return on capital employed (ROCE)	11.8 %	16.1 %	21.4 %	14.3 %	9.1 %
Headcount (FTE)	1 244	959	841	809	746

¹ continued divisions; derived from the consolidated financial statements and accounting records 2021 to 2024

² before change in non-financial net working capital

³ before acquisition of subsidiaries

in CHF	2025	2024	2023	2022	2021
Share price as at 31 December	69.20	73.40	85.00	78.00	61.00
Dividend per share	2.00¹	2.00	4.00	4.50	1.30
Dividend yield	2.9 %	2.7 %	4.7 %	5.8 %	2.1 %
Market capitalization (in CHF millions)	415	440	510	468	366
Adjusted (continued divisions)
Share price as at 31 December	69.20	73.40	61.20²	56.20²	43.90²
Earnings per share³	3.90	5.74	7.50	4.31	3.13
Price-earnings ratio as at 31 December³	17.8	12.8	8.2	13.0	14.0
Dividend per share⁴	2.00¹	2.00	2.28	1.15	1.30
Total shareholder return (TSR)⁵	‑ 3.0 %	23.2 %	13.0 %	30.6 %	‑ 13.6 %

¹ Board of Directors’ proposal to the Annual General Meeting of 17 March 2026

² adjusted for the indicative share of around 28 % of the spun-off Perlen Industrieholding AG

³ continued divisions; derived from the consolidated financial statements and accounting records 2021 to 2024

⁴ Share from continued divisions based on share of earnings per share

⁵ continued divisions, see also footnote 2, 3, and 4