Trend Key Figures

Owing to the Swiss franc’s sharp appreciation of January 2015, sales decreased 4% to
CHF 3 640 million. In local currencies and adjusted for acquisitions and divestments, turnover was up 1%.

In CHF million

Corporation 2015 2014 2013 2012 2011
Order intake 3 662   3 836
3 795 3 691 3 734
Orders on hand at year-end 1 612 634 577 565 666
Sales 3 640 3 795 3 766 3 720 3 638
Net profit   198 195 145 138 168
Cash flow from operating activities 328 248 309 230 250
Additions to property, plant, and equipment -167 -152 -130 -132 -147
Free cash flow
188 90 108 19 103
Assets
3 083 2 989 3 126 2 664 2 925
Equity 1 130 1 104 978 979 1 223
Equity in % 37 37 31 37 42
Gross value added 1 347
1 334 1 294 1 266 1 256
Employees at year-end 14 424 14 140 14 066 13 412 13 606

1) In 2012 change of definition for GF Piping Systems.

The consolidated financial statements have been prepared in accordance with Swiss GAAP FER since the beginning of 2013. Prior-year figures have been adjusted accordingly. The 2011 financial year is presented according to IFRS.

 

Total net profit amounted to CHF 198 million, resulting in earnings per share of CHF 46, up 2%. Free cash flow substantially rose by 73% to CHF 190 million. Given the improved results, the Board of Directors proposes to the Annual Shareholders’ Meeting an increased dividend of CHF 18 per share (previous year: CHF 17).

Share information
2015 2014 2013 2012 2011
Earnings in CHF 1 46 45
34
32
39

Dividend paid in CHF 1

18 17
16
15 15
Pay-out ratio in % 39 38
47 47 38

Price-earnings ratio

15 14
18 11 8
1) per registered share
Holding (statutory accounts) 2015 2014 2013 2012 2011
Net profit for the year 81 129 77 101 79

Share capital

4 4 41 41 41

Market capitalization as per 31 December  

2 785 2 579 2 573 1 509 1 316

Dividend in CHF per registered share*

18 17 16 15 15
* In 2014, as a dividend of CHF 14.57 out of retained earnings and as a dividend of CHF 2.43 out of reserves from capital contributions. In 2013, as a par value reduction and as a dividend out of reserves from capital contributions. In 2012 and 2011, as a dividend out of reserves from capital contributions.

Financial Statements 2015 XLS Files

Online Version

Annual Report
Annual Report 2015

Consolidated financial statements: Mid-Year 2016 XLS Files

Mid-Year Report 2016

Mid-Year Report 2016
More information