| 2013 | 2012 | 2011 | 2010 | 2009 | |
| Share capital | |||||
| Number of shares as per 31 December | |||||
| Registered shares | 4 100 898 | 4 100 898 | 4 100 898 | 4 100 898 | 4 100 898 |
| Thereof dividend-entitled | 4 100 898 | 4 100 898 | 4 100 898 | 4 100 898 | 4 100 898 |
| Number of registered shareholders | 12 269 | 14 212 | 13 966 | 14 180 | 15 410 |
| Share prices in CHF | |||||
| Registered share | |||||
| Highest (intraday) | 648 | 451 | 574 | 579 | 300 |
| Lowest (intraday) | 363 | 302 | 261 | 261 | 110 |
| Closing as per 31 December | 628 | 368 | 321 | 528 | 262 |
| Earnings/loss in CHF | |||||
| Per registered share | 34 | 32 | 39 | 24 | –61 |
| Price-earnings ratio | 18 | 11 | 8 | 22 | n/a |
| Market capitalization as per 31 December | |||||
| million CHF | 2 573 | 1 509 | 1 316 | 2 163 | 1 073 |
| In % of sales | 68 | 41 | 36 | 63 | 37 |
| In % of equity attributable to shareholders of Georg Fischer Ltd | 275 | 161 | 112 | 200 | 97 |
| Cash flow from operating activities in CHF | |||||
| Per registered share | 76 | 56 | 61 | 59 | 60 |
| Equity attributable to shareholders of Georg Fischer Ltd in CHF | |||||
| Per registered share | 229 | 229 | 288 | 264 | 273 |
| Dividend paid (proposed) in million CHF1 | 66 | 62 | 62 | 41 | 0 |
| Dividend paid (proposed) in CHF | |||||
| Per registered share1 | 16 | 15 | 15 | 10 | 0 |
| Pay-out ratio in % | 47 | 47 | 38 | 42 | n/a |
1 In 2013 as a par value reduction of CHF 9 and as a dividend of CHF 7 out of reserves from capital contributions. In 2012 and 2011 as dividend out of reserves from capital contributions. In 2010 as a par value reduction.
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.
Ticker symbols
Telekurs, Dow Jones (DJT): FI-N
Reuters: FGEZn
Security number: 175 230
ISIN: CH000175 230 9
Cedel /
Euroclear Common Code: XS008592691
Lime green: GF daily closing (CHF) / Dark green: SPI daily closing – rebasedThe market capitalization stood at CHF 2 573 million on 31 December 2013. Earnings per share is at CHF 34 (previous year: CHF 32).
At the Annual Shareholders’ Meeting, the Board of Directors will propose a profit distribution in the form of a par value reduction of CHF 9 and as a dividend of CHF 7 out of reserves from capital contributions per registered share.
Seven disclosure notifications were published in the year under review, of which one relate to BDS (Behr Deflandre & Snozzi) Beteiligungsgesellschaft AG, three to the BlackRock Group, held indirectly by BlackRock Inc (USA), one to LSV Asset Management, Chicago (USA) and two to the Norges Bank (the Central Bank of Norway), Oslo (Norway).
As at 31 December 2013, two shareholders had voting rights in excess of 5%: Norges Bank (the Central Bank of Norway), Oslo (Norway) and LSV Asset Management, Chicago (USA). No shareholders or shareholder groups had voting rights between 3% and 5%.
Disclosure notifications pertaining to shareholdings in Georg Fischer
Ltd that were filed with Georg Fischer Ltd and the SIX Swiss Exchange
are published on the latter’s electronic publication platform.
The notifications can be accessed via the following weblink to the
database search page of the disclosure office:
| Number of shares | Number of shareholders | Number of shares % |
| 1 – 100 | 10 314 | 8.2 |
| 101 – 1 000 | 1 745 | 11.0 |
| 1 001 – 10 000 | 189 | 10.2 |
| 10 001 – 100 000 | 18 | 12.9 |
| › 100 000 | 3 | 19.3 |
| Shares not registered in share register | – | 38.4 |
| Total | 12 269 | 100.0 |
| million CHF | 2013 | 2012 | 2011 | 2010 | 2009 |
| Order intake | 3 795 | 3 691 | 3 734 | 3 625 | 2 906 |
| Orders on hand at year-end1 | 577 | 565 | 666 | 579 | 475 |
| Income statement | |||||
| Sales | 3 766 | 3 720 | 3 638 | 3 447 | 2 906 |
| EBITDA | 380 | 351 | 370 | 329 | 106 |
| Operating result (EBIT) before special charges | 251 | 222 | 235 | 180 | –58 |
| Special charges | –143 | ||||
| Operating result (EBIT) | 251 | 222 | 235 | 180 | –201 |
| Net profit/loss | 145 | 138 | 168 | 108 | –238 |
| Cash flow | |||||
| Cash flow from operating activities | 309 | 230 | 250 | 243 | 242 |
| Depreciation on tangible fixed assets | 126 | 125 | 121 | 140 | 152 |
| Amortization on intangible assets | 3 | 4 | 14 | 9 | 12 |
| Additions to property, plant and equipment | –130 | –132 | –147 | –124 | –148 |
| Cash flow from acquisitions and divestitures | –66 | –80 | –10 | ||
| Free cash flow before acquisitions/divestitures | 174 | 99 | 103 | 150 | 104 |
| Free cash flow | 108 | 19 | 103 | 150 | 94 |
| Balance sheet | |||||
| Current assets | 1 989 | 1 584 | 1 651 | 1 569 | 1 468 |
| Non-current assets | 1 137 | 1 080 | 1 274 | 1 269 | 1 447 |
| Assets | 3 126 | 2 664 | 2 925 | 2 838 | 2 915 |
| Current liabilities | 1 282 | 839 | 904 | 836 | 1 013 |
| Non-current liabilities | 866 | 846 | 798 | 878 | 750 |
| Equity | 978 | 979 | 1 223 | 1 124 | 1 152 |
| Invested capital (IC) | 1 224 | 1 217 | 1 476 | 1 418 | 1 592 |
| Net debt | 352 | 334 | 294 | 321 | 472 |
| Asset structure | |||||
| – Current assets % | 64 | 59 | 56 | 55 | 50 |
| – Non-current assets % | 36 | 41 | 44 | 45 | 50 |
| Capital structure | |||||
| – Current liabilities % | 41 | 31 | 31 | 29 | 35 |
| – Non-current liabilities % | 28 | 32 | 27 | 31 | 25 |
| – Equity % | 31 | 37 | 42 | 40 | 40 |
| Key figures | |||||
| Return on equity (ROE) % | 14.8 | 14.2 | 14.0 | 9.5 | –18.6 |
| Return on invested capital (ROIC) % | 16.7 | 15.7 | 13.3 | 9.1 | –12.5 |
| Return on sales (EBIT margin) %2 | 6.7 | 6.0 | 6.5 | 5.2 | –2.0 |
| Asset turnover | 3.0 | 3.2 | 2.5 | 2.3 | 1.7 |
| Cash flow from operating activities in % of sales | 8.2 | 6.2 | 7.0 | 7.0 | 8.3 |
| Employees | |||||
| Employees at year-end | 14 066 | 13 412 | 13 606 | 12 908 | 12 481 |
| Europe | 8 548 | 8 871 | 9 465 | 9 196 | 9 385 |
| – Thereof Germany | 3 220 | 3 351 | 3 859 | 3 754 | 3 796 |
| – Thereof Switzerland | 2 539 | 2 577 | 2 650 | 2 521 | 2 560 |
| – Thereof Austria | 1 926 | 2 059 | 2 073 | 2 075 | 2 164 |
| – Thereof Rest of Europe | 863 | 884 | 883 | 846 | 865 |
| Asia | 3 468 | 3 226 | 3 077 | 2 721 | 2 145 |
| – Thereof China | 3 073 | 2 839 | 2 688 | 2 374 | 1 811 |
| Americas | 1 290 | 1 259 | 1 011 | 934 | 897 |
| Rest of world | 760 | 56 | 53 | 57 | 54 |
1
In 2012 change of definition for GF Piping Systems.
2
In 2009 before special charges.
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 years 2009–2011 are represented according to IFRS.
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