Integrated
Annual Report 2016

Highlights of the financial year 2016

Net sales


+6.4%
Organic, currency-adjusted net sales growth in 2016
Net sales development
2007 – 2016
(in CHF million)
EBIT, EBITDA, Net income,
Earnings per share (EPS)
2014 – 2016
(in CHF million) (EPS: in CHF)
* Adjusted for acquisition, divestment and integration costs and income in connection with the Sanitec acquisition
Net income development
2007 – 2016
(in CHF million)
* Adjusted for acquisition, divestment and integration costs and income in connection with the Sanitec acquisition

Free cashflow
(in CHF)


563.9 million
16.5% above prior year
Adjusted operating cashflow margin
(EBITDA margin)

28.3%

1.6 percentage higher than prior year

Payout ratio

63.4%
of adjusted net sales
Adjusted earnings per share
(in CHF)

15.85

19.8% above prior year

R&D expenditures
(in CHF)


72.3 million
+8.9 million versus prior year
Investments in property, plant and equipment and intangible assets
(in CHF)

139.1 million

-5.6% versus prior year

Currency effects in net sales
(in CHF)


+18 million
Currency effects in EBIT
(in CHF)

-0.5 million