T 
185.00
-1.39%
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 872.0m
FY2016FY2025
Net income
CHF 8.6m
FY2016FY2025
Free cash flow
CHF 181.7m
FY2016FY2025
Shareholders' equity
CHF 2.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 872.0m | CHF 940.7m | CHF 982.5m | CHF 922.1m | CHF 952.3m | CHF 930.6m | CHF 1.07bn | CHF 1.01bn | CHF 968.6m | CHF 1.00bn |
| Operating income | CHF 11.0m | CHF 19.0m | CHF 71.0m | CHF 5.9m | CHF 46.5m | −CHF 93.9m | CHF 57.4m | CHF 114.1m | CHF 131.4m | CHF 127.4m |
| Net income | CHF 8.6m | −CHF 3.2m | CHF 24.4m | −CHF 44.0m | CHF 802.0m | −CHF 112.3m | CHF 64.8m | CHF 96.5m | CHF 146.9m | CHF 104.7m |
| Diluted earnings per share | 0.84 | -0.30 | 2.30 | -4.15 | 75.64 | -10.60 | 6.09 | 9.06 | 13.81 | 9.87 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CHF 3.27bn | CHF 3.49bn | CHF 3.43bn | CHF 3.37bn | CHF 3.76bn | CHF 2.75bn | CHF 2.96bn | CHF 2.95bn | CHF 2.51bn | CHF 2.42bn |
| Cash and short-term investments | CHF 326.6m | CHF 380.4m | CHF 304.4m | CHF 405.4m | CHF 456.5m | CHF 276.5m | CHF 291.2m | CHF 145.9m | CHF 125.6m | CHF 57.3m |
| Total liabilities | CHF 772.2m | CHF 847.8m | CHF 852.6m | CHF 741.0m | CHF 783.3m | CHF 755.2m | CHF 779.8m | CHF 846.8m | CHF 543.7m | CHF 665.0m |
| Debt | CHF 217.1m | CHF 243.3m | CHF 263.3m | CHF 176.2m | CHF 133.6m | CHF 93.2m | CHF 84.3m | CHF 158.9m | CHF 10.4m | CHF 168.0m |
| Shareholders' equity | CHF 2.25bn | CHF 2.38bn | CHF 2.30bn | CHF 2.33bn | CHF 2.68bn | CHF 1.70bn | CHF 1.84bn | CHF 1.76bn | CHF 1.73bn | CHF 1.53bn |
| Shares outstanding | 10m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CHF 190.6m | CHF 266.7m | CHF 197.8m | CHF 110.1m | CHF 160.6m | CHF 128.1m | CHF 169.2m | CHF 187.7m | CHF 223.3m | CHF 178.6m |
| Capital spending | −CHF 8.9m | −CHF 34.5m | −CHF 42.3m | −CHF 33.2m | −CHF 30.9m | −CHF 35.7m | −CHF 24.3m | −CHF 16.6m | −CHF 6.6m | −CHF 5.2m |
| Free cash flow | CHF 181.7m | CHF 232.2m | CHF 155.5m | CHF 76.9m | CHF 129.7m | CHF 92.5m | CHF 144.8m | CHF 171.1m | CHF 216.6m | CHF 173.4m |
| Dividends paid | −CHF 49.9m | −CHF 65.7m | −CHF 47.7m | −CHF 78.4m | −CHF 33.9m | −CHF 37.1m | −CHF 47.7m | −CHF 47.6m | −CHF 47.7m | −CHF 47.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CHF 401.5m | CHF 445.4m | CHF 426.6m | CHF 479.9m | CHF 460.8m | CHF 521.1m | CHF 459.8m | CHF 479.9m |
| Operating income | CHF 15.4m | CHF 17.6m | −CHF 5.6m | −CHF 17.1m | CHF 23.5m | CHF 49.6m | CHF 7.8m | CHF 25.8m |
| Net income | −CHF 25.3m | CHF 16.9m | −CHF 8.3m | −CHF 12.8m | CHF 9.6m | CHF 25.9m | −CHF 1.4m | −CHF 26.5m |
| Diluted earnings per share | -2.46 | 1.65 | -0.81 | -1.21 | 0.91 | 2.45 | -0.13 | -2.50 |
| Cash from operations | CHF 120.0m | CHF 93.0m | CHF 97.0m | CHF 168.0m | CHF 98.0m | CHF 86.0m | CHF 111.0m | CHF 44.0m |
| Capital spending | −CHF 6.0m | −CHF 2.0m | −CHF 6.0m | −CHF 10.0m | −CHF 7.0m | −CHF 17.0m | −CHF 24.0m | −CHF 17.0m |
| Free cash flow | CHF 114.0m | CHF 91.0m | CHF 91.0m | CHF 158.0m | CHF 91.0m | CHF 69.0m | CHF 87.0m | CHF 27.0m |
| Total assets | CHF 3.12bn | CHF 3.27bn | CHF 3.29bn | CHF 3.49bn | CHF 3.26bn | CHF 3.43bn | CHF 3.31bn | CHF 3.37bn |
| Cash and short-term investments | CHF 287.7m | CHF 326.6m | CHF 339.9m | CHF 380.4m | CHF 266.3m | CHF 304.4m | CHF 282.5m | CHF 405.4m |
| Debt | CHF 70.5m | CHF 217.1m | CHF 291.2m | CHF 242.5m | CHF 249.4m | CHF 263.3m | CHF 7.9m | CHF 176.2m |
| Shareholders' equity | CHF 2.15bn | CHF 2.25bn | CHF 2.25bn | CHF 2.38bn | CHF 2.21bn | CHF 2.30bn | CHF 2.25bn | CHF 2.33bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 1.3% | 4.6% | 6.6% | 3.5% | 88.3% | -10.1% |
| Net margin | 1.0% | -0.3% | 2.5% | -4.8% | 84.2% | -12.1% |
| Return on equity | 0.4% | -0.1% | 1.1% | -1.9% | 29.9% | -6.6% |
| Return on assets | 0.3% | -0.1% | 0.7% | -1.3% | 21.3% | -4.1% |
| Free cash flow yield | 10.4% | 15.2% | 12.1% | 7.2% | 9.6% | 8.3% |
| Revenue growth | -7.3% | -4.3% | 6.6% | -3.2% | 2.3% | -13.2% |
| Earnings growth | -368.8% | -113.1% | -155.5% | -105.5% | -814.2% | -273.4% |
| Current ratio | 1.24x | 1.40x | 1.21x | 1.56x | 1.81x | 1.26x |
| Debt to equity | 0.03x | 0.03x | 0.03x | 0.01x | 0.04x | 0.02x |
| Equity ratio | 68.8% | 68.3% | 67.2% | 69.0% | 71.2% | 61.8% |
| Interest coverage | 0.79x | 4.02x | 6.52x | 4.47x | 358.87x | -39.58x |
| Buybacks as a share of market value | 3.0% | -0.0% | 0.1% | 0.0% | -0.1% | 0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.8% | -1.3% | -2.0% |
| Operating income | 23.1% | — | -23.6% |
| Net income | — | — | -30.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.7% | 2.9% | 1.1% | 6.1% |
| Net margin | 0.3% | -0.4% | 12.1% | 13.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 196.9 | -602.0 | 52.4 | -35.6 | 2.1 | -6.7 | 15.4 | 11.6 | 10.0 | 15.8 |
| Price to sales | 1.9 | 2.0 | 1.3 | 1.7 | 1.7 | 0.8 | 0.9 | 1.1 | 1.5 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 14 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.00 | 4.80 | 2.00 | 0.30 | 3.20 | 3.50 | 4.50 | 4.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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