Ad hoc: Annual Results 2023 Improving operating performance and increasing profitability
Ad hoc announcement pursuant to Art. 53 LR.
- Order intake and revenue: growth amidst challenging market conditions
- Improved operating performance and profitability: operating profit adjusted up 19.9%, EBIT adjusted margin 10.9%
- Increasing net profit and earnings per share: up 42%
- Cash flow from operating activities: up 84.7%
- Strong foreign exchange headwinds
- Outlook: EBIT reported margin 11% in 2024, 13% midterm
- Celebrating 150th anniversary: extraordinary dividend of CHF 1.00 per share to be proposed to the Shareholders’ meeting, total dividend of CHF 5.00 per share
- Dividend payout ratio range increased to 50% – 80%
For the full year 2023, amidst challenging markets, both order intake and revenue increased to CHF 11 439 million and CHF 11 494 million, respectively. In local currencies the growth was 1.7% and 7.4%. Operating profit increased to CHF 1 188 million corresponding to an EBIT margin of 10.3%. The EBIT adjusted margin reached 10.9%, up from 9.2% in 2022. Net profit rose significantly to CHF 935 million, corresponding to a net profit margin of 8.1%. Cash flow from operating activities increased by 84.7% to CHF 1 271 million.
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Press Release
with key figures as of December 31, 2023