Highlights of the financial year 2019

Net sales


+3.4%
Currency-adjusted net sales growth in 2019
Net sales development
2010–2019
(in CHF million)
EBIT, EBITDA, Net income,
Earnings per share (EPS)
2017–2019
(in CHF million)(EPS: in CHF)
* Adjusted for costs in connection with the Sanitec acquisition and integration (EBITDA 2018 not adjusted)
Net income development
2010–2019
(in CHF million)
* Adjusted for costs in connection with the Sanitec acquisition and integration

Free cashflow
(in CHF)


644 million
+10.7% versus prior year
Operating cashflow margin
(EBITDA margin)

29.3%

+110 basis points versus prior year

Payout ratio

63.4%
The payout ratio is in the upper range of the 50% to 70% target corridor
Earnings per share
(in CHF)

17.97

+4.4% versus prior year

R&D expenditures
(in CHF)


77 million
2.5% of net sales
Investments in property, plant and equipment and intangible assets
(in CHF)

167 million

+3.1% versus prior year

Currency effects in net sales
(in CHF)


-102 million
Currency effects in EBIT
(in CHF)

-28 million

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