Half-Year Report 2025

Consolidated statement of changes in
shareholdersʼ equity

CHF million

 

Share capital

 

Capital reserves

 

Treasury shares

 

Goodwill offset

 

Translation differences

 

Cash flow hedges

 

Other retained earnings

 

Retained earnings

 

Total equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity December 31, 2023

 

4.1

 

–31.5

 

–1.6

 

–95.9

 

–85.5

 

5.4

 

935.6

 

759.6

 

730.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net result

 

 

 

 

 

 

 

 

 

 

 

 

 

–20.8

 

–20.8

 

–20.8

 

Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

–24.8

 

–24.8

 

–24.8

 

Changes of cash flow hedging

 

 

 

 

 

 

 

 

 

 

 

–6.0

 

–0.1

 

–6.2

 

–6.2

 

Share-based compensation

 

 

 

–0.6

 

1.3

 

 

 

 

 

 

 

 

 

 

 

0.7

 

Translation differences

 

 

 

 

 

 

 

 

 

6.1

 

 

 

 

 

6.1

 

6.1

 

Total equity June 30, 2024

 

4.1

 

–32.1

 

–0.3

 

–95.9

 

–79.4

 

–0.7

 

889.8

 

713.9

 

685.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity December 31, 2024

 

4.1

 

–31.6

 

–1.6

 

–95.9

 

–79.7

 

–1.1

 

843.1

 

666.4

 

637.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net result

 

 

 

 

 

 

 

 

 

 

 

 

 

–12.9

 

–12.9

 

–12.9

 

Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

–8.3

 

–8.3

 

–8.3

 

Changes of cash flow hedging

 

 

 

 

 

 

 

 

 

 

 

7.2

 

 

 

7.2

 

7.2

 

Share-based compensation

 

 

 

–0.4

 

0.8

 

 

 

 

 

 

 

 

 

 

 

0.4

 

Translation differences

 

 

 

 

 

 

 

 

 

–8.3

 

 

 

 

 

–8.3

 

–8.3

 

Total equity June 30, 2025

 

4.1

 

–32.0

 

–0.8

 

–95.9

 

–88.0

 

6.1

 

822.0

 

644.1

 

615.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow statement Balance sheet