Key Figures

Against record sales of CHF 1,998 million (+2.2 %) and new orders at a record CHF 2,221 million (+13.3 %), EBIT stands at CHF 106 million (–10.8 %) and profitability at 5.3 % (down from the previous year’s 6.1 %)....

Free cash flow saw positive development, rising from CHF –59 million to CHF 94 million. There was also an increase in the net financial position, from CHF 77 million to CHF 134 million. The Board of Directors proposes a dividend payment to the Confederation of CHF 30 million (2017: CHF 40 million).

Net sales
by application
(in %)

Year,Civil,Military
2018,56,44
2017,56,44

Net sales
by division
(in CHF million)

Year,Space,Aerostructures,Aviation,Ammotec,Defence
2017,365,256,515,397,358
2018,377,268,507,421,361

Net sales
by market
(in %)

Year,Switzerland, Europe, North America, Asia/Pacific, Rest of the world
2017,38,47,10,3,2
2018,38,50,8,3,1

Key figures in comparison

in CHF million 2018 2017 Change in %
Order intake 2221 1961 13.3 %
Order backlog 1794 1607 11.6 %
Net sales 1998 1955 2.2 %
Operating income 2013 1990 1.2 %
Earnings before interest, taxes, depreciation and amortization (EBITDA) 186 196 –5.1 %
Earnings before interest and taxes (EBIT) 106 119 –10.8 %
Net profit 74 89 –17.7 %
Cash flow from operating activities 176 88 101.0 %
Free cash flow 94 (59) 259.8 %
Net financial position 134 77 74.6 %
Research and development expenses 179 181 -0.8 %
Employees (FTE) as at 31 December incl. apprentices 9127 9189 -0.7 %