Group results

Continued sequential improvement of orders and sales driven by demand for advanced semiconductor fabrication equipment and Chinese localization efforts.

Key Figures

In CHF million	6M 2024	6M 2023	Change
Order intake	506.7	291.7	73.7%
Order backlog	345.6	339.7	1.7%
Net sales	449.6	453.8	–0.9%
Gross profit	298.4	281.7	5.9%
Gross profit margin	66.4%	62.1%	–
EBITDA	135.3	132.4	2.2%
EBITDA margin	30.1%	29.2%	–
EBIT	113.8	111.7	1.9%
EBIT margin	25.3%	24.6%	–
Net income	94.0	84.2	11.6%
Net income margin	20.9%	18.6%	–
Earnings per share (in CHF)	3.14	2.81	11.7%
Cash flow from operating activities	66.3	67.3	–1.5%
Capex¹	40.0	31.3	27.8%
Capex margin	8.9%	6.9%	–
Free cash flow²	26.3	36.9	–28.7%
Free cash flow margin	5.8%	8.1%	–
Free cash flow conversion rate³	19.4%	27.9%	–

In CHF million	2024 as of June 30	2023 as of June 30
Total assets	1,248.3	1,185.3	5.3%
Total liabilities	589.2	521.5	13.0%
Equity	658.7	663.8	–0.8%
Net debt	230.8	198.3	16.4%
Number of employees⁴	2,983	2,706	10.3%

Capex comprises acquisitions of subsidiaries net of cash, purchases of property, plant and equipment, and intangible assets and proceeds from sale of property, plant and equipment.
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 ful-time equivalents (FTE)