Letter to Shareholders / Annual Report 2018

In brief

• Group-wide sales revenues rose by 0.5% to CHF 302.1 million
• Operating margins at a high level:
  EBITDA margin: 23.9% (previous year 24.5%)
  EBIT margin: 19.5% (previous year 20.1%)
• Fall of 7.0% in net income to CHF 47.2 million
• Increase of 10.8% in free cash flow to CHF 41.6 million