CHF m

 

2016

 

2015

 

2014

 

2013

 

2012

1

Continuing operations (see )

2

Restated (see )

3

Reclassified

Group sales

 

5 847

 

5 807

 

6 1161

 

6 0761

 

6 0381

Change relative to preceding year

 

 

 

 

 

 

 

 

 

 

in Swiss francs (%)

 

1

 

–5

 

1

 

1

 

8

in local currencies (%)

 

2

 

3

 

5

 

4

 

8

Operating income before exceptionals

 

622

 

596

 

5851

 

5741

 

5461.2

Operating income

 

512

 

496

 

5251

 

4701

 

4111.2

EBITDA before exceptionals

 

887

 

853

 

8671

 

8581

 

8171.2

EBITDA

 

785

 

767

 

9231

 

7971

 

6901.2

Net income

 

263

 

227

 

2351

 

3231

 

2031.2

Basic earnings per share (in CHF)

 

0.78

 

0.67

 

0.551

 

0.981

 

0.681.2

Distribution per share (in CHF)

 

0.45

 

0.40

 

0.40

 

0.36

 

0.33

EBITDA margin before exceptionals (%)

 

15.2

 

14.7

 

14.2

 

14.1

 

13.52

 

 

 

 

 

 

 

 

 

 

 

Return on invested capital (ROIC) (%)

 

10.2

 

9.7

 

9.41

 

9.51

 

9.41

Operating cash flow

 

646

 

502

 

334

 

301

 

468

Investment in property, plant and equipment

 

297

 

374

 

310

 

292

 

311

Research & Development expenditures

 

206

 

2063

 

2131

 

1991

 

1751

Depreciation and amortization

 

265

 

257

 

282

 

284

 

316

Net working capital

 

1 087

 

1 027

 

1 1691

 

1 0361

 

1 0791

in % of sales

 

18.6

 

17.7

 

19.11

 

17.11

 

17.91

Total assets

 

8365

 

7 461

 

7 915

 

8 174

 

9 4672

Equity (including non-controlling interests)

 

2 546

 

2 494

 

2 733

 

2 780

 

2 6662

Equity ratio (%)

 

30.4

 

33.4

 

34.5

 

34.0

 

28.22

Net financial debt

 

1540

 

1 312

 

1 263

 

1 500

 

1 789

Gearing ratio (%)

 

60

 

53

 

46

 

54

 

672

 

 

 

 

 

 

 

 

 

 

 

Employees

 

17 442

 

17 213

 

17 003

 

18 099

 

21 202

FURTHER READING