CHF million | Change in | |||||
2020 | 2019 | % | %1) | %2) | ||
Order intake | 2’837.5 | 3’008.0 | −5.7 | −0.4 | −1.2 | |
Net sales | 2’740.7 | 3’106.0 | −11.8 | −7.2 | −7.8 | |
Order book | 1’081.4 | 1’018.7 | 6.2 | 12.1 | 10.9 | |
Operating profit before depreciation and amortisation (EBITDA) | 287.3 | 368.3 | −22.0 | |||
as % of net sales | 10.5% | 11.9% | ||||
Operating profit (EBIT) | 204.1 | 284.6 | −28.3 | |||
as % of net sales | 7.4% | 9.2% | ||||
Net financial result | −3.9 | −3.1 | −25.8 | |||
Income tax expense | −48.3 | −53.5 | 9.7 | |||
as % of profit before tax | 24.1% | 19.0% | ||||
Profit for the year | 151.9 | 228.0 | −33.4 | |||
as % of net sales | 5.5% | 7.3% | ||||
Earnings per share in CHF | 14.71 | 21.92 | −32.9 | |||
Capital expenditure | 72.2 | 125.2 | −42.3 | |||
Operating free cash flow | 313.1 | 162.7 | 92.4 | |||
Research and development costs | −112.0 | −127.5 | 12.2 | |||
Net cash/debt | 403.8 | 214.6 | 88.2 | |||
Total assets | 2’430.8 | 2’545.1 | −4.5 | |||
Equity | 1’390.8 | 1’392.9 | −0.2 | |||
Equity ratio | 57.2% | 54.7% | ||||
Return on equity (ROE) | 10.9% | 17.0% | ||||
Net operating assets (NOA) average | 1’150.7 | 1’214.1 | −5.2 | |||
Return on net operating assets (RONOA) after tax | 13.5% | 19.0% | ||||
Number of employees at 31 December | 12’5983) | 13’107 | −3.9 | −5.0 | ||
Average number of employees | 12’5153) | 13’280 | −5.8 | −7.0 | ||
Net sales per employee | CHF 1’000 | 219 | 234 | −6.4 | −1.7 | −0.9 |
1) Adjusted for currency effects | ||||||
Composition and calculation of additional performance measures that are not defined by Swiss GAAP FER.