Five Year Key Figures

1 April to 31 March, in CHF million unless otherwise specified

2025/26

2024/25 restated

2023/24

2022/23

2021/22

Sales

3,605.9

3,612.9

3,626.9

3,738.4

3,363.9

change compared to previous year (%)

(0.2)

(0.4)

(3.0)

11.1

29.3

Gross profit

2,658.3

2,684.4

2,610.4

2,637.4

2,460.7

in % of sales

73.7

74.3

72.0

70.5

73.1

Research & development costs

217.7

214.3

237.5

243.0

230.0

in % of sales

6.0

5.9

6.5

6.5

6.8

Sales & marketing costs

1,287.7

1,333.7

1,290.4

1,263.1

1,095.3

in % of sales

35.7

36.9

35.6

33.8

32.6

Operating profit before acquisition-related amortization (EBITA)

724.2

768.3

727.0

801.6

802.9

in % of sales

20.1

21.3

20.0

21.4

23.9

Operating profit before acquisition-related amortization (EBITA) (normalized)1)

811.2

782.1

747.7

824.8

830.9

in % of sales (normalized)

22.5

21.6

20.6

22.1

24.7

Operating profit (EBIT)

675.8

719.8

669.9

746.7

760.0

in % of sales

18.7

19.9

18.5

20.0

22.6

Income after taxes from continuing operations

546.0

564.9

609.5

658.3

663.6

Basic earnings per share (CHF) from continuing operations

9.02

9.37

10.08

10.75

10.42

Basic earnings per share (CHF) from continuing operations (normalized)1)

10.42

10.43

9.70

10.93

10.57

Basic earnings per share (CHF) incl. discontinued operations

7.23

9.07

10.08

10.75

10.42

Dividend/distribution per share (CHF)

4.702)

4.40

4.30

4.60

4.40

Net debt3)

994.3

1,102.4

1,359.5

1,495.9

1,006.3

Net working capital4)

250.4

115.0

93.2

89.5

(15.0)

Capital expenditure (tangible and intangible assets)5)

102.7

131.6

128.6

154.3

106.6

Capital employed6)

3,519.4

3,578.7

3,850.9

3,727.3

3,439.1

Total assets

5,628.8

5,924.2

5,791.8

5,552.5

5,588.2

Equity

2,635.8

2,664.6

2,491.3

2,231.4

2,432.8

Equity financing ratio (%)7)

46.8

45.0

43.0

40.2

43.5

Free cash flow8)

473.7

509.8

437.6

274.4

167.6

Operating free cash flow9)

519.1

581.7

539.2

535.6

763.7

Return on capital employed (%)10)

19.0

19.9

17.7

20.8

24.1

Number of employees (end of period) including discontinued operations

18,447

17,990

18,151

17,608

16,733

The Consumer Hearing business is presented as discontinued operation in the Annual Report 2025/26 and comparative figures for 2024/25 in the consolidated income statement, cash flow statement and key figures have been restated unless otherwise specified.

1)Non-GAAP financial measure adjusted for nonrecurring items; for details see the table “Reconciliation of non-GAAP financial measures" in the financial review or refer to the respective annual report.

2)Proposal to the Annual General Shareholders’ Meeting of 16 June 2026.

3)Cash and cash equivalents + other current financial assets (without loans) – current financial liabilities – current lease liabilities – non-current financial liabilities – non-current lease liabilities.

4)Receivables (incl. loans) + inventories – trade payables – current income tax liabilities – short-term contract liabilities – other short-term liabilities – short-term provisions.

5)Excluding goodwill and intangibles relating to acquisitions.

6)Equity + net debt.

7)Equity in % of total assets.

8)Cash flow from operating activities + cash flow from investing activities + payments for lease liabilities.

9)Free cash flow – cash consideration for acquisitions and from divestments, net of cash acquired/divested - cash consideration for associates.

10)EBIT in % of capital employed (average).