CHF million | Change in | |||||
2019 | 2018 | % | %1) | %2) | ||
Order intake | 3’008.0 | 3’205.9 | −6.2 | −3.6 | −5.6 | |
Net sales | 3’106.0 | 3’064.5 | 1.4 | 4.0 | 1.8 | |
Order book | 1’018.7 | 1’136.8 | −10.4 | −7.8 | −7.9 | |
Operating profit before depreciation and amortisation (EBITDA) | 368.3 | 374.1 | −1.6 | |||
as % of net sales | 11.9% | 12.2% | ||||
Operating profit (EBIT) | 284.6 | 292.2 | −2.6 | |||
as % of net sales | 9.2% | 9.5% | ||||
Net financial result | −3.1 | −0.6 | −416.7 | |||
Income tax expense | −53.5 | −65.7 | 18.6 | |||
as % of profit before tax | 19.0% | 22.5% | ||||
Profit for the year | 228.0 | 225.9 | 0.9 | |||
as % of net sales | 7.3% | 7.4% | ||||
Earnings per share in CHF | 21.92 | 21.80 | 0.6 | |||
Capital expenditure | 125.2 | 102.7 | 21.9 | |||
Operating free cash flow | 162.7 | 100.7 | 61.6 | |||
Research and development costs | −127.5 | −118.5 | −7.6 | |||
Net cash/debt | 214.6 | 159.3 | 34.7 | |||
Total assets | 2’545.1 | 2’543.2 | 0.1 | |||
Equity | 1’392.9 | 1’296.0 | 7.5 | |||
Equity ratio | 54.7% | 51.0% | ||||
Return on equity (ROE) | 17.0% | 17.8% | ||||
Net operating assets (NOA) average | 1’214.1 | 1’155.5 | 5.1 | |||
Return on net operating assets (RONOA) after tax | 19.0% | 19.6% | ||||
Number of employees at 31 December | 13’107 | 13’054 | 0.4 | −0.6 | ||
Average number of employees | 13’280 | 12’636 | 5.1 | 2.6 | ||
Net sales per employee | CHF 1’000 | 234 | 243 | −3.7 | −1.2 | −0.8 |
1) Adjusted for currency effects 2) Adjusted for currency, acquisition and divestment effects | ||||||
Composition and calculation of additional performance measures that are not defined by Swiss GAAP FER.