Group results

Slowdown in semiconductor equipment spending shows expected impact on orders, sales, and profitability.

Key Figures

In CHF million	6M 2023	6M 2022	Change
Order intake	291.7	648.5	–55.0%
Order backlog	339.7	559.4	–39.3%
Net sales	453.8	549.0	–17.3%
Gross profit	281.7	354.1	–20.5%
Gross profit margin	62.1%	64.5%	–
EBITDA	132.4	192.1	–31.1%
EBITDA margin	29.2%	35.0%	–
EBIT	111.7	172.1	–35.1%
EBIT margin	24.6%	31.3%	–
Net income	84.2	147.6	–42.9%
Net income margin	18.6%	26.9%	–
Earnings per share (in CHF)	2.81	4.92	–42.9%
Cash flow from operating activities	67.3	94.6	–28.8%
Capex¹	31.3	16.1	94.5%
Capex margin	6.9%	2.9%	–
Free cash flow²	36.9	78.6	–53.0%
Free cash flow margin	8.1%	14.3%	–
Free cash flow conversion rate³	27.9%	40.9%	–

In CHF million	2023 as of June 30	2022 as of June 30
Total assets	1,185.3	1,181.0	0.4%
Total liabilities	521.5	555.9	–6.2%
Equity	663.8	625.1	6.2%
Net debt	198.3	177.5	11.7%
Number of employees⁴	2,706	2,897	–6.6%

Capex comprises acquisitions of subsidiaries net of cash, purchases of property, plant and equipment, and intangible assets
Free cash flow is calculated as cash flow from operating activities minus cash flow from investing activities.
The free cash flow conversion rate is calculated as free cash flow as a percentage of EBITDA.
Number of employees expressed as full-time equivalents (FTEs)