|
in CHF 1 000 |
|
2023 |
|
2022 |
|
|
|
|
|
|
|
|
|
Net income |
|
|
64 847 |
|
85 192 |
|
Income taxes |
|
|
9 783 |
|
16 187 |
|
Depreciation of property, plant and equipment and intangible assets |
|
32 940 |
|
32 112 |
|
|
Other non-cash items |
|
|
1 485 |
|
1 995 |
|
Loss/profit from the disposal of property, plant and equipment |
|
|
(572) |
|
(45) |
|
Change in trade receivables |
|
|
22 706 |
|
(23 242) |
|
Change in inventories |
|
|
24 455 |
|
(28 007) |
|
Change in other receivables and accrued income |
|
|
7 116 |
|
(2 470) |
|
Change in trade payables |
|
|
(12 148) |
|
15 468 |
|
Change in other liabilities and accrued liabilities |
|
|
(12 361) |
|
5 826 |
|
Change in provisions |
|
|
(7 139) |
|
(464) |
|
Income tax paid |
|
|
(15 411) |
|
(15 077) |
|
Interest paid |
|
|
(40) |
|
(156) |
|
Cash flow from operating activities |
|
|
115 661 |
|
87 319 |
|
Purchases of property, plant and equipment |
|
(44 351) |
|
(37 107) |
|
|
Proceeds from sale of property, plant and equipment |
|
847 |
|
202 |
|
|
Purchases of intangible assets |
|
(7 934) |
|
(8 853) |
|
|
Purchases and disposals of financial assets |
|
|
(91) |
|
(24) |
|
Purchases of marketable securities |
|
(55 000) |
|
– |
|
|
Interest received |
|
|
1 831 |
|
1 456 |
|
Cash outflow from acquisitions and disposals |
|
(2 289) |
|
(5 333) |
|
|
Cash flow from investing activities |
|
|
(106 987) |
|
(49 659) |
|
Payment of dividend |
|
|
(38 773) |
|
(38 243) |
|
Payment of dividend to minority interests |
|
|
(318) |
|
(640) |
|
Purchase of treasury shares 1) |
|
|
(8 959) |
|
(63 140) |
|
Cash flow from financing activities |
|
|
(48 050) |
|
(102 023) |
|
Effect of exchange rate changes on cash |
|
|
(3 662) |
|
(4 344) |
|
Net change in cash and cash equivalents |
|
|
(43 038) |
|
(68 707) |
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of year |
|
|
151 138 |
|
219 845 |
|
Cash and cash equivalents at end of year |
|
108 100 |
|
151 138 |
|
|
Net change in cash and cash equivalents |
|
|
(43 038) |
|
(68 707) |
The notes are an integral part of the consolidated financial statements.