Consolidated cash flow statement
in CHF million | Notes | 2024 | 2023 |
Net income | 242.7 | 268.5 | |
Income taxes | 83.6 | 83.7 | |
Financial result and share of profit/(loss) from associates/joint ventures | 23.9 | 6.4 | |
Depreciation/amortization | 129.6 | 127.4 | |
Interest paid | –19.7 | –17.3 | |
Income tax paid | –79.7 | –80.6 | |
Changes in provisions and allowances | –0.6 | 6.1 | |
Other non-cash expenses/income | –0.7 | 3.3 | |
Profit (–)/loss (+) from disposal of property, plant and equipment | –1.2 | –2.9 | |
Changes in trade receivables | 10.8 | –74.7 | |
Changes in other receivables and prepayments and accrued income | 2.8 | 5.7 | |
Changes in inventories | 17.0 | 41.3 | |
Changes in trade payables | –27.2 | –5.3 | |
Changes in other current liabilities, accrued liabilities and deferred income | –6.3 | –48.2 | |
Cash flow from operating activities | 375.0 | 313.4 | |
Purchases of property, plant and equipment | –141.3 | –161.5 | |
Proceeds from sale of property, plant and equipment | 4.2 | 3.9 | |
Purchases of intangible assets | –7.6 | –12.5 | |
Proceeds from sale of intangible assets | 0.0 | 0.0 | |
Proceeds from government grants | 1.8 | 0.7 | |
Acquisition of subsidiaries, net of cash acquired | –17.1 | –10.3 | |
Changes in loans granted | –0.5 | –0.7 | |
Proceeds from interest and securities | 2.5 | 1.4 | |
Cash flow from investing activities | –158.0 | –179.0 | |
Dividends to the shareholders | –97.2 | –97.2 | |
Dividends to non-controlling interests | –1.6 | –2.0 | |
Purchase (–)/disposal of treasury shares (+) | –4.0 | –1.6 | |
Proceeds (+)/repayment from/of current borrowings (–) | –19.3 | –6.1 | |
Proceeds (+)/repayment from/of non-current borrowings (–) | –101.2 | –10.8 | |
Cash flow from financing activities | –223.3 | –117.7 | |
Translation adjustment on cash and cash equivalents | 3.4 | –10.7 | |
Changes in cash and cash equivalents | –2.9 | 6.0 | |
Cash and cash equivalents at beginning of period | 227.5 | 221.5 | |
Cash and cash equivalents at end of period | 224.6 | 227.5 |