Group results
Record levels of semiconductor investment drive strong demand for VAT products and services.
Key Figures
| In CHF million | 6M 2022 | 6M 2021 restated1 | Change |
|---|---|---|---|
| Order intake | 648.5 | 494.2 | 31.2% |
| Order backlog | 559.4 | 218.3 | 156.3% |
Net sales |
549.0 |
416.4 |
31.8% |
| Gross profit | 354.1 | 263.0 | 34.6% |
| Gross profit margin | 64.5% | 63.2% | – |
| EBITDA | 192.1 | 138.3 | 38.9% |
| EBITDA margin | 35.0% | 33.2% | – |
| EBIT | 172.1 | 118.0 | 45.8% |
| EBIT margin | 31.3% | 28.3% | – |
| Net income | 147.6 | 97.0 | 52.3% |
| Net income margin | 26.9% | 23.3% | – |
| Earnings per share (in CHF) | 4.92 | 3.23 | 52.3% |
Cash flow from operating activities |
94.6 |
70.7 |
33.8% |
| Capex2 | 16.1 | 10.1 | 59.4% |
| Capex margin | 2.9% | 2.4% | – |
| Free cash flow3 | 78.6 | 60.7 | 29.5% |
| Free cash flow margin | 14.3% | 14.6% | – |
| Free cash flow conversion rate4 | 40.9% | 43.9% | – |
In CHF million | 2022 as of June 30 | 2021 as of June 30 | |
| Total assets | 1,181.0 | 999.0 | 18.2% |
| Total liabilities | 555.9 | 485.2 | 14.6% |
| Equity | 625.1 | 513.8 | 21.7% |
| Net debt | 177.5 | 207.5 | –14.5% |
Number of employees5 |
2,897 |
2,258 |
28.3% |
- Prior-period financial statements have been restated in line with a clarification in 2021 by the IFRS Interpretations Committee that costs for cloud-based services, such as VAT’s new ERP system, are to be expensed through the income statement when they occur, rather than capitalized.
- 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 full-time equivalents (FTEs)