Investor information

Five-year overview of the Corporation 

CHF million

 

2016

 

2015

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Order intake

 

3’749

 

3’662

 

3’836

 

3’795

 

3’691

Orders on hand at year-end 1

 

614

 

612

 

634

 

577

 

565

Income statement

 

 

 

 

 

 

 

 

 

 

Sales

 

3’744

 

3’640

 

3’795

 

3’766

 

3’720

EBITDA

 

443

 

422

 

399

 

380

 

351

Operating result (EBIT)

 

311

 

296

 

274

 

251

 

222

Net profit/loss

 

225

 

198

 

195

 

145

 

138

Cash flow

 

 

 

 

 

 

 

 

 

 

Cash flow from operating activities

 

400

 

328

 

248

 

309

 

230

Depreciation on tangible fixed assets

 

126

 

122

 

122

 

126

 

125

Amortization on intangible assets

 

6

 

4

 

3

 

3

 

4

Additions to property, plant, and equipment

 

–174

 

–167

 

–152

 

–130

 

–132

Cash flow from acquisitions and divestitures

 

–96

 

–2

 

–20

 

–66

 

–80

Free cash flow before acquisitions/divestitures

 

231

 

190

 

110

 

174

 

99

Free cash flow

 

135

 

188

 

90

 

108

 

19

Balance sheet

 

 

 

 

 

 

 

 

 

 

Current assets

 

2’024

 

1’934

 

1’801

 

1’989

 

1’584

Non-current assets

 

1’178

 

1’149

 

1’188

 

1’137

 

1’080

Assets

 

3’202

 

3’083

 

2’989

 

3’126

 

2’664

Current liabilities

 

1’067

 

1’221

 

981

 

1’282

 

839

Non-current liabilities

 

935

 

732

 

904

 

866

 

846

Equity

 

1’200

 

1’130

 

1’104

 

978

 

979

Invested capital (IC)

 

1’333

 

1’279

 

1’354

 

1’224

 

1’217

Net debt

 

214

 

238

 

354

 

352

 

334

Asset structure

 

 

 

 

 

 

 

 

 

 

– Current assets %

 

63

 

63

 

60

 

64

 

59

– Non-current assets %

 

37

 

37

 

40

 

36

 

41

Capital structure

 

 

 

 

 

 

 

 

 

 

– Current liabilities %

 

34

 

39

 

33

 

41

 

31

– Non-current liabilities %

 

29

 

24

 

30

 

28

 

32

– Equity %

 

37

 

37

 

37

 

31

 

37

Key figures

 

 

 

 

 

 

 

 

 

 

Return on equity (ROE) %

 

19.3

 

17.7

 

18.7

 

14.8

 

14.2

Return on invested capital (ROIC) %

 

19.3

 

18.9

 

17.9

 

16.7

 

15.7

Return on sales (EBIT margin) % 2

 

8.3

 

8.1

 

7.2

 

6.7

 

6.0

Asset turnover

 

2.9

 

2.8

 

2.9

 

3.0

 

3.2

Cash flow from operating activities in % of sales

 

10.7

 

9.0

 

6.5

 

8.2

 

6.2

Employees

 

 

 

 

 

 

 

 

 

 

Employees at year-end

 

14’808

 

14’424

 

14’140

 

14’066

 

13’412

Europe

 

8’845

 

8’783

 

8’676

 

8’548

 

8’871

– Thereof Germany

 

3’312

 

3’382

 

3’383

 

3’220

 

3’351

– Thereof Switzerland

 

2’700

 

2’642

 

2’686

 

2’539

 

2’577

– Thereof Austria

 

1’885

 

1’830

 

1’719

 

1’926

 

2’059

– Thereof Rest of Europe

 

948

 

929

 

888

 

863

 

884

Asia

 

3’713

 

3’502

 

3’455

 

3’468

 

3’226

– Thereof China

 

3’216

 

3’131

 

3’085

 

3’073

 

2’839

Americas

 

1’348

 

1’262

 

1’259

 

1’290

 

1’259

Rest of world

 

902

 

877

 

750

 

760

 

56

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.