Annual Report 2025

Consolidated balance sheet

CHF million

Note

 

12/31/2025

 

12/31/2024

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

Cash and cash equivalents

3.1

 

180.7

 

123.0

 

Securities

3.1

 

150.0

 

200.0

 

Trade receivables

2.2

 

80.4

 

94.4

 

Prepayments to suppliers

 

 

9.3

 

4.3

 

Other receivables

2.2

 

28.3

 

29.3

 

Inventories

2.2

 

183.7

 

200.8

 

Prepaid expenses and accrued income

 

 

13.0

 

13.6

 

Total current assets

 

 

645.4

 

665.5

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

 

Fixed assets

2.3

 

108.2

 

116.9

 

Intangible assets

2.4

 

6.5

 

8.0

 

Financial assets

2.5

 

58.1

 

98.9

 

Deferred tax assets

1.6

 

27.4

 

31.7

 

Total non-current assets

 

 

200.1

 

255.6

 

TOTAL ASSETS

 

 

845.5

 

921.1

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

Short-term financial liabilities

 

 

2.5

 

0.0

 

Trade payables

 

 

50.9

 

40.6

 

Advance payments from customers

2.2

 

83.4

 

96.0

 

Other short-term liabilities

2.2

 

15.6

 

23.4

 

Short-term provisions

2.6

 

14.3

 

37.7

 

Accrued expenses and deferred income

2.2

 

67.4

 

68.9

 

Total current liabilities

 

 

234.1

 

266.6

 

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

 

 

 

Pension fund liabilities

5.1

 

0.0

 

0.6

 

Long-term provisions

2.6

 

15.7

 

16.3

 

Deferred tax liabilities

1.6

 

0.4

 

0.4

 

Total non-current liabilities

 

 

16.1

 

17.3

 

Total liabilities

 

 

250.3

 

283.9

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

Share capital

3.2

 

4.1

 

4.1

 

Capital reserves

 

 

–31.9

 

–31.6

 

Treasury shares

3.2

 

–1.7

 

–1.6

 

Retained earnings

 

 

624.7

 

666.4

 

Total equity

 

 

595.2

 

637.3

 

TOTAL LIABILITIES AND EQUITY

 

 

845.5

 

921.1

 

Statement of changes in shareholdersʼ equity Income statement