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Letter to shareholders

July 31, 2013
  • Solid growth on home market Switzerland.
  • Strong operating performance on high level.
  • Positive income growth.
  • Conversion from IFRS to Swiss GAAP ARR.

In brief

2.0% increase in sales revenue in Switzerland to reach a total of CHF 144.9 million. Group sales revenue goes up by 0.4% totaling CHF 153.4 million.

Positive growth of operating performance (adjusted for one-time effects from the same period last year):

  • 3.7% increase in EBITDA to CHF 33.7 million.
  • 4.7% increase in EBIT to CHF 28.3 million.

Solid increase in net income due to operating performance and positive financial income.