Balance sheet
in CHF mn | 30.06.2025 | 31.12.2024 | Change |
|---|---|---|---|
Current financial liabilities | 65.6 | 59.8 | 9.8% |
of which financial liabilities from leases | 59.5 | 58.9 | 0.9% |
Non-current financial liabilities | 166.1 | 183.5 | -9.5% |
of which financial liabilities from leases | 151.7 | 166.8 | -9.0% |
Cash and cash equivalents | 322.5 | 380.3 | -15.2% |
Net liquidity / (net debt) 1 | 90.8 | 137.1 | -33.8% |
Cash flow from / (used in) operating activities | 97.6 | 266.7 | -63.4% |
Debt factor 2 | – | – | n.a. |
1Current and non-current financial liabilities less cash and cash equivalents.
2Net debt to cash flow from / (used in) operating activities.
Net liquidity decreased by 33.8% compared to the previous year. The decline is mainly attributable to the fall in cash and cash equivalents and financial liabilities, primarily as a result of leasing. The main drivers behind the fall in cash and cash equivalents were dividends and the buyback of treasury shares. With net liquidity being positive, no debt factor can be calculated.
Total assets fell to CHF 3’294.6 million in the first half of 2025. Equity declined by CHF 143.8 million to CHF 2’497.6 million. Besides the amount directly recorded in equity for the revaluation of the employee benefit plan assets/liabilities of CHF –43.0 million (after deferred taxes), the reduction in equity is attributable in particular to the dividends paid in the amount of CHF –72.9 million .
The equity ratio increased by 0.1% to 75.8% compared to the end of 2024.