Annual Report 2024

Consolidated Statement of Cash Flows

in CHF 1 000

Note

2024

2023

Net income

146 722

136 845

Income taxes

5.1

29 429

5 568

Interest result

3.4

215

1 319

Depreciation of property, plant and equipment

2.3

29 888

28 474

Amortization of intangible assets

2.4

6 569

7 372

Gain on sale of property, plant and equipment

2.3

-370

-282

Non-cash items non-current employee benefits

1.2

-4 454

-6 202

Other non-cash items

4 150

-860

Expenses for share-based payments

1.2

1 357

1 294

Deferred compensation share-based payments

1.2

2 624

1 991

Change in net working capital

2.1

-1 309

2 591

Change in other assets and liabilities

2.2

12 151

3 487

Change in provisions

2.5

-1 868

459

Income taxes paid

-30 322

-25 089

Cash flow from operating activities

194 780

156 966

Investments in property, plant and equipment

2.3

-58 690

-38 343

Investments in intangible assets

2.4

-4 364

-8 700

Purchase of financial assets1)

3.3

-40 132

-107

Proceeds from sale of property, plant and equipment

461

379

Proceeds from sale of financial assets1)

3.3

-

25 392

Interest received

3.4

771

295

Cash flow from investing activities

-101 954

-21 084

Acquisition of non-controlling interests

-387

-

Purchase of treasury shares

3.5

-3 994

-3 582

Dividends paid

3.5

-104 541

-104 539

Interest paid

3.3

-1 498

-1 265

Repayment of financial borrowings

3.3

-30 284

-59 707

Repayment of lease liabilities

3.3

-3 955

-3 824

Proceeds from cash contribution share-based payments

1.2

700

538

Proceeds from financial borrowings

3.3

36 140

63 669

Equity contribution by non-controlling interests

-

49

Cash flow from financing activities

-107 818

-108 662

Currency translation adjustment in respect of cash and cash equivalents

1 324

-3 166

Change in cash and cash equivalents

-13 667

24 054

Cash and cash equivalents at beginning of period

110 833

86 780

Cash and cash equivalents at end of period

3.1

97 166

110 833

1) CHF 40.0 million in term deposits with maturities of more than three months from the date of acquisition were invested in the reporting period (2023: divestment of CHF 25.0 million in term deposits).