Annual Report 2025

Key figures

CHF million

2025

 

2024

 

 

 

 

 

 

Order intake

634.5

 

625.4

 

Change compared to prior year

1.5%

 

–21.2%

 

Change compared to prior year at constant exchange rates

5.0%

 

–18.6%

 

Backlog

244.4

 

239.2

 

Net sales

613.2

 

648.3

 

Change compared to prior year

–5.4%

 

–30.3%

 

Change compared to prior year at constant exchange rates

–2.2%

 

–28.1%

 

EBITDA

–6.0

 

–58.2

 

in % of net sales

–1.0%

 

–9.0%

 

Operating result (EBIT) adjusted 1

–19.8

 

–47.4

 

in % of net sales

–3.2%

 

–7.3%

 

Operating result (EBIT)

–19.8

 

–84.0

 

in % of net sales

–3.2%

 

–13.0%

 

Net result

–28.9

 

–67.6

 

in % of net sales

–4.7%

 

–10.4%

 

Operating free cash flow

–18.8

 

1.2

 

CAPEX

9.5

 

12.5

 

Net operating assets (NOA)

223.5

 

240.1

 

Return on net operating assets (RONOA)

–11.5%

 

–25.9%

 

Equity

595.2

 

637.3

 

in % of total assets

70.4%

 

69.2%

 

Earnings per class A registered share in CHF

–14.00

 

–32.67

 

Average number of full-time equivalents

2,907

 

3,268

 

Dividend per class A registered share in CHF

4.00

 

4.00

 

Dividend per class B registered share in CHF

0.80

 

0.80

 

 

 

 

 

 

1 Before restructuring and impairments (note 1.3 in the Financial Report)

Strategy Editorial