S 
31.76
+1.21%
Close of 9 Nov 2026, in CHF
Search any instrument
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 3.68bn
FY2016FY2025
Net income
CHF 88.0m
FY2016FY2025
Free cash flow
−CHF 559.6m
FY2016FY2025
Shareholders' equity
CHF 812.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 3.68bn | CHF 3.26bn | CHF 3.61bn | CHF 3.75bn | CHF 3.63bn | CHF 3.08bn | CHF 3.20bn | CHF 2.00bn | CHF 2.43bn | CHF 2.06bn |
| Gross profit | CHF 420.2m | CHF 370.9m | CHF 404.6m | CHF 385.4m | CHF 402.0m | CHF 315.3m | CHF 356.2m | CHF 288.7m | CHF 310.3m | CHF 294.0m |
| Research and development | CHF 33.6m | CHF 35.9m | CHF 35.5m | CHF 32.6m | CHF 30.0m | CHF 35.3m | CHF 13.4m | CHF 6.1m | CHF 6.7m | CHF 6.2m |
| Operating income | CHF 162.9m | CHF 121.7m | CHF 183.3m | CHF 150.2m | CHF 223.7m | CHF 156.1m | CHF 193.1m | CHF 142.5m | CHF 197.7m | CHF 178.6m |
| Net income | CHF 88.0m | CHF 38.4m | CHF 124.3m | CHF 72.9m | CHF 133.7m | CHF 137.6m | CHF 127.2m | CHF 117.8m | CHF 171.5m | CHF 125.3m |
| Diluted earnings per share | 0.88 | 0.38 | 1.22 | 0.73 | 1.34 | 1.38 | 1.27 | 1.18 | 1.72 | 1.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 5.96bn | CHF 5.86bn | CHF 5.01bn | CHF 4.40bn | CHF 4.60bn | CHF 4.51bn | CHF 3.80bn | CHF 2.88bn | CHF 2.66bn | CHF 2.36bn |
| Cash and short-term investments | CHF 664.2m | CHF 1.26bn | CHF 1.09bn | CHF 831.7m | CHF 1.15bn | CHF 928.9m | CHF 752.7m | CHF 694.6m | CHF 1.06bn | CHF 801.0m |
| Total liabilities | CHF 5.10bn | CHF 5.08bn | CHF 4.19bn | CHF 3.62bn | CHF 3.72bn | CHF 3.65bn | CHF 2.95bn | CHF 2.08bn | CHF 1.90bn | CHF 1.77bn |
| Debt | CHF 939.6m | CHF 892.8m | CHF 688.1m | CHF 1.06bn | CHF 1.50bn | CHF 1.54bn | CHF 747.1m | CHF 162.7m | CHF 98.4m | CHF 171.9m |
| Shareholders' equity | CHF 812.3m | CHF 739.2m | CHF 790.3m | CHF 772.6m | CHF 875.2m | CHF 855.0m | CHF 841.6m | CHF 798.3m | CHF 758.0m | CHF 589.2m |
| Shares outstanding | 100m | 100m | 102m | 100m | 100m | 100m | 100m | 100m | 100m | 98m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CHF 347.0m | CHF 286.4m | CHF 905.3m | CHF 441.3m | CHF 504.0m | −CHF 203.9m | −CHF 185.6m | −CHF 193.3m | CHF 451.8m | CHF 316.5m |
| Capital spending | −CHF 212.6m | −CHF 240.3m | −CHF 244.3m | −CHF 184.5m | −CHF 177.1m | −CHF 288.3m | −CHF 248.7m | −CHF 188.2m | −CHF 75.9m | −CHF 55.5m |
| Free cash flow | −CHF 559.6m | CHF 46.1m | CHF 661.0m | CHF 256.9m | CHF 326.8m | −CHF 492.2m | −CHF 434.3m | −CHF 381.4m | CHF 375.9m | CHF 261.0m |
| Dividends paid | −CHF 20.0m | −CHF 89.9m | −CHF 90.0m | −CHF 90.0m | −CHF 85.0m | −CHF 120.0m | −CHF 69.4m | −CHF 69.7m | −CHF 58.3m | −CHF 19.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 1.97bn | CHF 2.28bn | CHF 1.40bn | CHF 1.96bn | CHF 1.29bn | CHF 2.32bn | CHF 1.29bn | CHF 2.28bn |
| Gross profit | CHF 225.0m | CHF 257.6m | CHF 162.6m | CHF 217.1m | CHF 153.8m | CHF 247.1m | CHF 156.3m | CHF 241.7m |
| Operating income | CHF 82.7m | CHF 127.8m | CHF 36.9m | CHF 85.8m | CHF 31.2m | CHF 139.5m | CHF 48.0m | CHF 135.1m |
| Net income | CHF 34.4m | CHF 71.0m | CHF 17.1m | CHF 14.5m | CHF 23.9m | CHF 98.7m | CHF 25.6m | CHF 71.6m |
| Diluted earnings per share | 0.34 | 0.71 | 0.17 | 0.14 | 0.24 | 0.97 | 0.25 | 0.72 |
| Cash from operations | CHF 6.0m | CHF 284.0m | −CHF 633.0m | CHF 629.0m | −CHF 341.0m | CHF 560.0m | CHF 345.0m | CHF 374.0m |
| Capital spending | −CHF 74.0m | −CHF 122.0m | −CHF 90.0m | −CHF 95.0m | −CHF 74.0m | −CHF 69.0m | −CHF 125.0m | −CHF 101.0m |
| Free cash flow | −CHF 68.0m | CHF 162.0m | −CHF 723.0m | CHF 534.0m | −CHF 415.0m | CHF 491.0m | CHF 220.0m | CHF 273.0m |
| Total assets | CHF 6.18bn | CHF 5.96bn | CHF 5.58bn | CHF 5.86bn | CHF 5.26bn | CHF 5.01bn | CHF 4.60bn | CHF 4.40bn |
| Cash and short-term investments | CHF 530.2m | CHF 664.2m | CHF 517.7m | CHF 1.26bn | CHF 807.8m | CHF 1.09bn | CHF 899.1m | CHF 831.7m |
| Debt | CHF 468.2m | CHF 939.6m | CHF 924.5m | CHF 892.8m | CHF 915.3m | CHF 688.1m | CHF 956.9m | CHF 1.06bn |
| Shareholders' equity | CHF 792.7m | CHF 812.3m | CHF 724.2m | CHF 739.2m | CHF 740.0m | CHF 790.3m | CHF 711.6m | CHF 772.6m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.4% | 11.4% | 11.2% | 10.3% | 11.1% | 10.2% |
| Operating margin | 4.4% | 3.8% | 5.8% | 4.0% | 6.2% | 5.7% |
| Net margin | 2.4% | 1.2% | 3.4% | 1.9% | 3.7% | 4.5% |
| Return on equity | 10.8% | 5.2% | 15.7% | 9.4% | 15.3% | 16.1% |
| Return on assets | 1.5% | 0.7% | 2.5% | 1.7% | 2.9% | 3.1% |
| Free cash flow yield | -4.2% | 16.3% | 35.0% | 19.3% | 21.1% | 2.6% |
| Revenue growth | 13.0% | -9.8% | -3.8% | 3.2% | 17.8% | -3.6% |
| Earnings growth | 129.1% | -69.1% | 70.5% | -45.5% | -2.9% | 8.2% |
| Current ratio | 0.96x | 1.05x | 1.02x | 1.07x | 1.15x | 1.13x |
| Debt to equity | 1.15x | 1.18x | 0.84x | 1.34x | 1.67x | 1.75x |
| Equity ratio | 13.6% | 12.6% | 15.8% | 17.6% | 19.0% | 19.0% |
| Interest coverage | 3.37x | 4.18x | 3.47x | 2.23x | 2.93x | 7.58x |
| R&D as a share of sales | 0.9% | 1.1% | 1.0% | 0.9% | 0.8% | 1.1% |
| Buybacks as a share of market value | 0.0% | 1.6% | -1.6% | -0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.7% | 3.3% | — |
| Operating income | 2.7% | 0.9% | — |
| Net income | 6.5% | -8.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.4% | 11.1% | 10.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 22.9 | 51.8 | 24.7 | 45.0 | 29.9 | 29.4 | 38.0 |
| Price to sales | 0.6 | 0.6 | 0.9 | 0.9 | 1.1 | 1.3 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 7 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.20 | 0.90 | 0.90 | 0.90 | 0.85 | 1.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.