Key financials

Fiscal year	2019	2018	2017	2016	2015
Net sales	371,606	436,356	443,370	332,437	282,321
Operating income in % of net sales	19'939 5.4%	18,771 4.3%	50,737 11.40%	36,473 11.0%	25,488 9.0%
EBITA in % of net sales	24,541 6.6%	29,426 6.7%	55,129 12.40%	39,630 11.9%	27,994 9.9%
EBITDA in % of net sales	39,974 10.8%	42,966 9.8%	63,203 14.30%	47,699 14.3%	35,718 12.7%
Net income in % of net sales	12,027 3.2%	12,347 2.8%	35,336 8.00%	27,336 8.2%	17,106 6.1%
Operating cash flow in % of net sales	48,688 13.1%	27,727 6.4%	38,353 8.70%	33,179 10.0%	35,672 12.6%
Total assets	391,710	380,266	389,789	344,908	255,642
Shareholders' equity Equity ratio (% of total assets)	195,948 50.0%	198'292 52.1%	201,548 51.70%	176,345 51.1%	162,205 63.4%
Number of employees Switzerland International	494 836	509 837	535 900	438 792	366 729
Total	1,330	1,346	1,435	1,230	1,095

in TCHF	Industrial X-Ray Modules	ebeam Technologies	Plasma Control Technologies	X-Ray Systems	Elimination of intersegment sales	Corporate	Total Group
Net sales
External sales	65’045	15'481	151’734	139'346	-	-	371’606
Intersegment sales	13'095	-	-	205	-13’301	-	-
Total net sales	78’141	15’481	151’734	139'551	-13'301	-	371’606

Earnings
Segment operating income/loss	16'338	-7’903	8’206	6’301	-473	-	22’468
Unallocated costs	-	-	-	-	-	-2’530	-2’530
Operating Income	16’338	-7’903	8’206	6’301	-473	-2’530	19’939

Financing expenses							-6’738
Financing income							2’162
Income before tax							15’363
Income tax							-3’336
Net income							12’027

EBITDA	21’742	-6’156	15’366	12’026	-473	-2'530	39’974
EBITDA in % of sales	27.8%	-39.8%	10.1%	8.6%			10.8%

Assets and liabilities
Segment assets	82’941	16’801	109’507	112’813	-	69’648	391’710
Segment liabilities	-15’610	-6’164	-31’904	-66’320	-	-75’764	-195’762
Net assets	67’331	10’637	77’603	46’493	-	-6’116	195’948

Other segment information
Depreciation and amortization	5’404	1’746	7’160	5’725	-	-	20’035
Capital expenditure	4’474	860	7’855	8’003	-	-	21’194
Change in provisions	-152	151	-2’080	-482	-	-	-2’563
Other non-cash expense/income	-623	420	1'104	-58	38	162	1'044
Number of employees at year-end	279	68	544	439	-	-	1'330

in TCHF	Industrial X-Ray Modules	ebeam Technologies	Plasma Control Technologies	X-Ray Systems	Elimination of intersegment sales	Corporate	Consolidated
Net sales
External sales	68,919	19,930	212,197	135,310	-	-	436,356
Intersegment sales	12,276	63	-	359	-12,698	-	-
Total net sales	81,195	19,993	212,197	135,669	-12,698	-	436,356

Earnings
Segment operating income/loss	16,126	-28,223	38,367	-5,190	278	-	21,358
Unallocated costs	-	-	-	-	-	-2,587	-2,587
Operating Income	16,126	-28,223	38,367	-5,190	278	-2,587	18,771
Financing expenses							-7,003
Financing income							3,484
Income before tax							15,251
Income tax							-2,905
Net income							12,347

EBITDA	20,680	-19,853	43,479	969	278	-2,587	42,966
EBITDA in % of sales	25.5%	-99.3%	20,5%	0.7%			9,8%

Assets and liabilities at Dec. 31, 2018
Segment assets	90,479	18,601	109,198	108,349	-	53,638	380,266
Segment liabilities	-20,575	-5,047	-29,669	-56,283	-	-70,400	-181,974
Net assets	69,904	13,554	79,529	52,066	-	-16,762	198,292

Other segment information
Depreciation and amortization	4,555	8,370	5,112	6,159	-	-	24,195
Capital expenditure	13,990	3,140	13,357	2,468	-	-	32,956
Change in provisions	-318	-1,228	906	2,902	-	-	2,262
Other non-cash expense/income	1,150	508	315	-69	43	1,177	3,125
Number of employees at year-end	314	77	535	420	-	-	1,346

Restated for IFRS 16 (see note 2.2).

in TCHF	Industrial X-Ray Modules	ebeam Technologies	Plasma Control Technologies	X-Ray Systems	Elimination of intersegment sales	Corporate	Total Group
Net sales
External sales	61,729	29,446	212,950	139,245	-	-	443,370
Intersegment sales	17,080	33	-	548	-17,661	-	-
Total net sales	78,809	29,479	212,950	139,793	-17,661	-	443,370

Earnings
Segment operating income/loss	14,401	-18,411	52,541	4,615	-743	-	52,403
Unallocated costs	-	-	-	-		-1,666	-1,666
Operating income	14,401	-18,411	52,541	4,615	-743	-1,666	50,737
Financing expenses							-6,971
Financing income							6,086
Income before tax							49,852
Income tax							-14,516
Net income							35,336

EBITDA	17,963	-16,206	55,676	8,179	-743	-1,666	63,203
EBITDA in % of sales	22.8%	-55.0%	26.1%	5.9%			14.3%

Assets and liabilities
Segment assets	69,141	36,587	114,755	98,139	-	71,167	389,789
Segment liabilities	-20,614	-13,682	-31,788	-48,731	-	-73,426	-188,241
Net assets	48,527	22,905	82,967	49,408	-	-2,259	201,548

Other segment information
Capital expenditure	12,472	4,264	20,803	3,968	-	-	41,507
Depreciation and amortization	3,563	2,205	3,135	3,563	-	-	12,466
Change in provisions	-185	940	2,221	-645	-	-118	2,213
Other non-cash expense/(income)	1,522	564	997	192	-85	-653	2,537
Number of employees at year-end	302	151	549	433	-	-	1,435

in TCHF	Industrial X-Ray Modules	Plasma Control Technologies	X-Ray Systems	ebeam Technologies	Elimination of intersegment sales	Corporate	Total Group
Net sales
External sales	57,120	137,586	120,851	16,879	-	-	332,437
Intersegment sales	12,498	-	595	-	-13,093	-	-
Total net sales	69,618	137,586	121,446	16,879	-13,093	-	332,437

Earnings
Segment operating income/loss	13,079	27,772	8,676	-10,991	-194	-	38,342
Unallocated costs	-	-	-	-		-1,870	-1,870
Operating income	13,079	27,772	8,676	-10,991	-194	-1,870	36,473
Financing expenses							-6,333
Financing income							5,950
Income before tax							36,090
Income tax							-8,754
Net income							27,336

EBITDA	16,475	30,919	11,460	-9,091	-194	-1,870	47,699
EBITDA in % of sales	23.7%	22.5%	9.4%	-53.9%			14.3%

Assets and liabilities
Segment assets	55,860	72,865	91,383	41,401	-	83,400	344,908
Segment liabilities	-13,262	-21,337	-36,454	-17,398	-	-80,113	-168,563
Net assets	42,598	51,528	54,930	24,003	-	3,287	176,346

Other segment information
Capital expenditure	4,800	2,814	1,852	9,706	-	-	19,171
Depreciation and amortization	3,396	3,147	2,783	1,900	-	-	11,226
Change in provisions	-18	688	736	545	-	-118	1,834
Other non-cash expense/(income)	-355	-375	419	414	192	-887	-591
Number of employees at year-end	285	407	389	149	-	-	1,230