Key Figures



(in CHF 1,000)
Jan 1 −
Jun 30,
2010
 
Jan 1 −
Jun 30,
2009
 
Jan 1 −
Jun 30,
2008
 
Jan 1 −
Jun 30,
2007
 
Consolidated Statement of
Comprehensive Income
 
 
 
 
 
 
 
 
Gross sales
62,389
100%
50,100
100%
93,343
100%
95,760
100%
Sales deductions
−1,084
 
−1,355
 
−1,932
 
−1,631
 
Net sales
Cost of goods sold
61,305
−25,236
98.3%
−40.4%
48,745
−19,391
97.3%
−38.7%
91,411
−35,236
97.9%
−37.7%
94,129
−38,617
98.3%
−40.3%
Gross profit
Sales and
Marketing expenses
Research and
development expenses
Management and
administrative expenses
Other income & expenses
36,069

−6,687

−7,086

−6,460
−7,501
57.8%

−10.7%

−11.4%

−10.4%
−12.0%
29,354

−6,189

−5,072

−5,183
−7,385
58.6%

−12.4%

−10.1%

−10.3%
−14.7%
56,175

−10,336

−10,369

−6,965
−7,493
60.2%

−11.1%

−11.1%

−7.5%
−8.0%
55,512

−11,630

−9,094

−7,856
−10,808
58.0%

−12.1%

−9.5%

−8.2%
−11.3%
Earnings before interest
and tax (EBIT)

8,335

13.4%

5,525

11.0%

21,012

22.5%

16,124

16.8%
Amortization and
restructuring

7,590
 

7,627
 

7,637
 

10,984
 
Earnings before interest tax
and amortization (EBITA)
before restructuring


15,925


25.5%


13,152


26.3%


28,649


30.7%


27,108


28.3%
Amortization
−7,590
 
−7,627
 
7,637
 
−10,984
 
EBIT
8,335
13.4%
5,525
11.0%
21,012
22.5%
16,124
16.8%
Finance result
−2,867
−4.6%
−3,089
−6.2%
−3,603
−3.9%
−7,223
−7.5%
Earnings before tax (EBT)
5,468
8.8%
2,436
4.9%
17,409
18.7%
8,901
9.3%
Income tax
−1,460
 
−1,656
 
−4,337
 
−3,130
 
Net result
4,008
6.4%
780
1.6%
13,072
14.0%
5,771
6.0%



(in CHF 1,000)
Jan 1 − Jun 30, 2010
Jan 1 − Jun 30, 2009
Jan 1 − Jun 30, 2008
Jan 1 − Jun 30, 2007
Consolidated Statement of
Cash Flows
Earnings before tax
Adjustement for depreciation,
amortization etc.
5,468

12,828
 
2,436

8,788
 
17,409

11,959
 
8,901

19,274
Change in working capital
Income taxes paid
Cash flow from operating
activities

Purchase of non-current assets
Disposal of non-current assets
Other movements in non-current assets
Inerest received
−1,878
−784

15,634

−1,502
42

51
 
−10,145
−1,360

−281

−896
221

34
 
−11,230
−537

17,601

−1,451
31

120
 
−19,515
−1,024

7,636

−1,786
105

36
Cash flow from investing
activities

Proceeds from loans
Repayments of loans
Nominal value reduction
Interest paid
Cash flow from financing activities
Net change in cash and cash equivalents

−1,409

 
−10,000
 
−3,106
−13,106
1,119
 

−641

5,000
 
 
−2,773
2,227
1,305
 

−1,300

 
−5,000
−3,936
−3,998
−12,934
3,367
 

−1,645

−237
−4,800
 
−6,085
−11,122
−5,131
Operating cash flow
generated in % of EBITA

98.2%
 

−2.1%
 

61.4%
 

28.2%
Free cash flow (operating
cash flow - investing
activities) in % of EBITA


89.3%
 


−7.0%
 


56.9%
 


22.1%

in CHF 1,000
Jun 30, 2010
Jun 30, 2009
Jun 30, 2008
Jun 30, 2007
Consolidated Statement of
Financial Position
 
 
 
 
Assets
407,574
412,537
433,352
454,490
Non-current assets
353,464
367,658
383,465
399,229
as % of total assets
86.7%
89.1%
88.5%
87.8%
Current assets
54,110
44,879
49,887
55,261
as % of total assets
13.3%
10.9%
11.5%
12.2%
Equity
208,418
160,566
166,273
63,218
as % of total assets
51.1%
38.9%
38.4%
13.9%
Liabilities
199,156
251,971
267,079
391,272
Non-current liabilities
155,352
218,355
226,364
344,286
as % of total assets
38.1%
52.9%
52.2%
75.8%
Current liabilities
43,804
33,616
40,715
46,986
as % of total assets
10.7%
8.1%
9.4%
10.3%
Net debt
AR collection period
AP collection period
98,175
71
57
160,232
70
58
165,890
51
57
284,335
48
57
Capital Expenditure
Intangible assets
Property, plant and equipment
Total
Employees
 
−103
−1,396
−1,499
 
 
−857
−857
 
−120
−1,302
−1,422
 
-311
−1,039
−1,350
Number of Employees (FTE)
Gross sales per employee
434
143,753
464
107,974
534
174,800
520
184,154