B 
80.05
+0.44%
Close of 9 Nov 2026, in CHF
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CHF, from our data supplier.
Revenue
CHF 695.1m
FY2016FY2025
Net income
CHF 148.8m
FY2016FY2025
Free cash flow
−CHF 48.2m
FY2016FY2025
Shareholders' equity
CHF 1.46bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 695.1m | CHF 605.3m | CHF 577.3m | CHF 531.7m | CHF 503.2m | CHF 402.0m | CHF 313.7m | CHF 282.5m | CHF 261.6m | CHF 236.5m |
| Gross profit | CHF 199.7m | CHF 182.6m | CHF 177.0m | CHF 171.3m | CHF 166.7m | CHF 128.9m | CHF 92.5m | CHF 83.2m | CHF 82.7m | CHF 77.2m |
| Research and development | CHF 10.2m | CHF 11.4m | CHF 11.0m | CHF 7.2m | CHF 3.8m | CHF 2.9m | CHF 1.7m | CHF 1.8m | CHF 2.0m | CHF 1.6m |
| Operating income | CHF 150.3m | CHF 133.0m | CHF 129.4m | CHF 126.3m | CHF 128.0m | CHF 95.8m | CHF 61.4m | CHF 54.8m | CHF 50.2m | CHF 45.4m |
| Net income | CHF 148.8m | CHF 120.2m | CHF 111.9m | CHF 100.7m | CHF 114.7m | CHF 78.1m | CHF 54.2m | CHF 46.6m | CHF 41.8m | CHF 41.2m |
| Diluted earnings per share | 1.99 | 1.60 | 1.49 | 1.37 | 1.60 | 1.12 | 0.77 | 0.67 | 0.61 | 0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 2.11bn | CHF 1.92bn | CHF 1.68bn | CHF 1.38bn | CHF 1.30bn | CHF 710.9m | CHF 647.1m | CHF 614.7m | CHF 544.7m | CHF 496.5m |
| Cash and short-term investments | CHF 31.0m | CHF 95.2m | CHF 298.5m | CHF 268.4m | CHF 442.4m | CHF 23.5m | CHF 21.4m | CHF 22.3m | CHF 17.3m | CHF 19.2m |
| Total liabilities | CHF 650.4m | CHF 531.9m | CHF 362.4m | CHF 214.2m | CHF 177.5m | CHF 235.2m | CHF 199.3m | CHF 230.5m | CHF 170.5m | CHF 131.1m |
| Debt | CHF 57.4m | CHF 290,000 | CHF 401,000 | CHF 691,000 | CHF 20.9m | CHF 107.6m | CHF 107.1m | CHF 150.5m | CHF 94.9m | CHF 55.4m |
| Shareholders' equity | CHF 1.46bn | CHF 1.39bn | CHF 1.32bn | CHF 1.17bn | CHF 1.12bn | CHF 475.7m | CHF 447.8m | CHF 384.2m | CHF 374.2m | CHF 365.4m |
| Shares outstanding | 75m | 75m | 75m | 74m | 72m | 70m | 70m | 69m | 68m | 68m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CHF 271.4m | CHF 146.3m | CHF 249.9m | CHF 92.6m | CHF 97.6m | CHF 115.0m | CHF 64.3m | CHF 25.8m | CHF 36.5m | CHF 40.4m |
| Capital spending | −CHF 319.6m | −CHF 284.6m | −CHF 268.4m | −CHF 142.3m | −CHF 116.8m | −CHF 69.1m | −CHF 30.6m | −CHF 33.8m | −CHF 45.7m | −CHF 49.2m |
| Free cash flow | −CHF 48.2m | −CHF 138.3m | −CHF 18.5m | −CHF 49.7m | −CHF 19.3m | CHF 45.9m | CHF 33.7m | −CHF 8.1m | −CHF 9.3m | −CHF 8.8m |
| Dividends paid | −CHF 30.7m | −CHF 60.0m | −CHF 56.2m | −CHF 51.6m | −CHF 20.5m | −CHF 42.0m | −CHF 27.4m | −CHF 27.4m | −CHF 23.9m | −CHF 20.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 326.4m | CHF 382.1m | CHF 313.0m | CHF 364.9m | CHF 240.3m | CHF 337.5m | CHF 239.9m | CHF 119.9m |
| Gross profit | CHF 81.7m | CHF 109.7m | CHF 90.1m | CHF 121.6m | CHF 60.9m | CHF 118.4m | CHF 58.5m | CHF 29.3m |
| Operating income | CHF 53.6m | CHF 83.9m | CHF 66.4m | CHF 97.1m | CHF 35.4m | CHF 94.2m | CHF 34.4m | CHF 17.4m |
| Net income | CHF 50.3m | CHF 98.7m | CHF 50.1m | CHF 84.1m | CHF 36.2m | CHF 77.4m | CHF 34.4m | CHF 17.2m |
| Diluted earnings per share | 0.67 | 1.32 | 0.67 | 1.12 | 0.48 | 1.03 | 0.46 | 0.23 |
| Cash from operations | CHF 104.0m | CHF 185.0m | CHF 85.0m | CHF 58.0m | CHF 88.0m | CHF 156.0m | CHF 94.0m | — |
| Capital spending | −CHF 160.0m | −CHF 176.0m | −CHF 142.0m | −CHF 120.0m | −CHF 152.0m | −CHF 141.0m | −CHF 124.0m | — |
| Free cash flow | −CHF 56.0m | CHF 9.0m | −CHF 57.0m | −CHF 62.0m | −CHF 64.0m | CHF 15.0m | −CHF 30.0m | — |
| Total assets | CHF 2.34bn | CHF 2.11bn | CHF 1.91bn | CHF 1.92bn | CHF 1.72bn | CHF 1.68bn | CHF 1.50bn | CHF 1.50bn |
| Cash and short-term investments | CHF 51.6m | CHF 31.0m | CHF 29.1m | CHF 95.2m | CHF 173.2m | CHF 298.5m | CHF 289.0m | CHF 289.0m |
| Debt | CHF 208.1m | CHF 57.4m | CHF 60.9m | CHF 452,000 | CHF 300,000 | CHF 401,000 | CHF 534,000 | CHF 268,000 |
| Shareholders' equity | CHF 1.44bn | CHF 1.46bn | CHF 1.36bn | CHF 1.39bn | CHF 1.31bn | CHF 1.32bn | CHF 1.25bn | CHF 1.25bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.7% | 30.2% | 30.7% | 32.2% | 33.1% | 32.1% |
| Operating margin | 21.6% | 22.4% | 22.4% | 23.9% | 25.4% | 24.0% |
| Net margin | 21.4% | 19.9% | 19.4% | 18.9% | 22.8% | 19.4% |
| Return on equity | 10.2% | 8.6% | 8.5% | 8.6% | 10.2% | 16.4% |
| Return on assets | 7.1% | 6.3% | 6.6% | 7.3% | 8.8% | 11.0% |
| Free cash flow yield | 9.4% | 6.8% | 8.2% | 3.8% | 3.6% | 3.1% |
| Revenue growth | 14.8% | 4.8% | 8.6% | 5.7% | 25.2% | 28.1% |
| Earnings growth | 23.7% | 7.5% | 11.1% | -12.2% | 46.9% | 44.1% |
| Current ratio | 1.79x | 2.93x | 5.11x | 4.61x | 6.20x | 2.56x |
| Debt to equity | 0.04x | 0.00x | 0.00x | 0.00x | 0.02x | 0.23x |
| Equity ratio | 69.2% | 72.3% | 78.5% | 84.5% | 86.3% | 66.9% |
| Interest coverage | 310.51x | 464.04x | 352.53x | 176.95x | 160.45x | 163.56x |
| R&D as a share of sales | 1.5% | 1.9% | 1.9% | 1.4% | 0.8% | 0.7% |
| Buybacks as a share of market value | 0.0% | -0.0% | -1.7% | -2.9% | -2.3% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.3% | 11.6% | 12.8% |
| Operating income | 6.0% | 9.4% | 14.6% |
| Net income | 13.9% | 13.8% | 16.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.4% | 30.3% | 31.0% | 31.0% |
| Operating margin | 21.8% | 22.4% | 23.0% | 21.9% |
| Net margin | 20.7% | 20.0% | 20.3% | 19.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.2 | 36.1 | 43.6 | 58.5 | 89.4 | 70.9 | 40.0 | 33.7 | 50.1 | 29.7 |
| Price to sales | 6.5 | 7.2 | 8.4 | 11.1 | 20.4 | 13.8 | 6.9 | 5.6 | 8.0 | 5.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 27 years. Last went ex-dividend on 4 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.90 | 0.85 | 0.80 | 0.75 | 0.70 | 0.65 | 0.60 | 0.55 |
- 5-for-1 split · 5 May 2022
- 20-for-1 split · 29 Jun 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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