All amounts are in CHF million
HUBER+SUHNER uses alternative performance measures as guidance parameters for both internal and external reporting to stakeholders. HUBER+SUHNER uses the following definitions, which may differ from the one other companies use.
This document has been prepared in conformity with the Directive on the Use of Alternative Performance Measures issued by SIX Exchange Regulation Ltd.
The organic sales development is calculated by adjusting the reported net sales for the impact of currency effects, copper price effects as well as portfolio effects (acquisitions and disposals). When determining the currency effects, the functional currency that is valid in the respective country is used.
A new order is recognised as an order intake only when the contract creates enforceable obligations between the Group and its customer. When this condition is met, the order is recognised at the contract value.
The book-to-bill is the ratio of total order intake third to total net sales third.
The order backlog represents the amount of booked orders not yet delivered/invoiced at a closing date. The order backlog is calculated as follows:
EBIT is calculated by subtracting cost of goods sold and operating expenses from net sales.
|
|
|
2021 |
|
2020 |
|
|
|
|
|
|
|
Net sales |
|
862.9 |
|
737.9 |
|
Cost of goods sold |
|
(533.4) |
|
(477.0) |
|
Gross profit |
|
329.5 |
|
260.9 |
|
Selling & administrative expense/ Research & development expense |
|
(225.9) |
|
(206.1) |
|
Other operating expense / income |
|
1.0 |
|
6.4 |
|
EBIT (= operating profit) |
|
104.6 |
|
61.2 |
The EBITDA corresponds to the operating profit (EBIT) before depreciation of property, plant and equipment and amortisation of intangible assets.
|
|
|
2021 |
|
2020 |
|
|
|
|
|
|
|
EBIT (= operating profit) |
|
104.6 |
|
61.2 |
|
Depreciation of property, plant and equipment |
|
27.0 |
|
22.8 |
|
Amortisation of intangible assets |
|
6.0 |
|
5.3 |
|
EBITDA |
|
137.6 |
|
89.3 |
Free operating cash flow is defined as cash flow from operating activities less cash flow from investing activities.
|
|
|
2021 |
|
2020 |
|
|
|
|
|
|
|
Cash flow from operating activities |
|
101.7 |
|
86.5 |
|
Cash flow from investing activities |
|
(45.1) |
|
(36.3) |
|
Free operating cash flow |
|
56.6 |
|
50.2 |
|
|
|
2021 |
|
2020 |
|
|
|
|
|
|
|
Free operating cash flow |
|
56.6 |
|
50.2 |
|
Payment of dividend |
|
(25.3) |
|
(31.2) |
|
Payment of dividend to minority interests |
|
(0.5) |
|
(0.4) |
|
Purchase of treasury shares |
|
(15.8) |
|
(1.2) |
|
Free cash flow |
|
14.9 |
|
17.4 |
|
|
|
2021 |
|
2020 |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
219.8 |
|
203.5 |
|
Short-term financial liabilities |
|
0.0 |
|
(0.6) |
|
Net liquidity |
|
219.8 |
|
202.9 |
Due to rounding, numbers presented throughout this report may not add up precisely to the totals provided. All ratios and deltas are calculated using the underlying amount rather than the presented rounded amount.