Key Financials 2020

Five-year Overview
in TCHF

Fiscal year

2020

2019

2018

2017

2016
Net sales 395,816 371,606 436,356 443,370 332,437
Operating income 39,329 19,939 18,771 50,737 36,473
in % of net sales 9.9% 5.4% 4.3% 11.4% 11.0%
EBITA 43’855 24,541 29,426 55,129 39,630
in % of net sales 11.1% 6.6% 6.7% 12.4% 11.9%
EBITDA 58,616 39,974 42,966 63,203 47,699
in % of net sales 14.8% 10.8% 9.8% 14.3% 14.3%
Net income 27,661 12,027 12,347 35,336 27,336
in % of net sales 7.0% 3.20% 2.80% 8.00% 8.20%
Operating cash flow 57,045 48,688 27,727 38,353 33,179
in % of net sales 14.4% 13.10% 6.40% 8.70% 10.00%
Total assets 429,271 391,710 380,266 389,789 344,908
Shareholders' equity 214,956 195,948 198292 201,548 176,345
Equity ratio (% of total assets) 50.1% 50.0% 52.1% 51.7% 51.1%
Number of employees          
Switzerland 474 494 509 535 438
International 929 836 837 900 792

Total

1,403

1,330

1,346

1,435

1,230

Segments 
2019

in TCHF

Industrial X-Ray
Modules (IXM)

 ebeam
Technologies (EBT)		 Plasma Control
Technologies (PCT)		 X-Ray
Systems (IXS)		 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

Segments 
2018

in TCHF Industrial X-Ray
Modules (IXM)
 ebeam
Technologies (EBT)
 Plasma Control
Technologies (PCT)
 X-Ray
Systems (IXS)
 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).                

Segments 
2017

in TCHF Industrial X-Ray
Modules (IXM)
 ebeam
Technologies (EBT)
 Plasma Control
Technologies (PCT)
 X-Ray
Systems (IXS)
 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

Segments 
2016

in TCHF Industrial X-Ray
Modules (IXM)
 Plasma Control
Technologies (PCT)
 X-Ray
Systems (IXS)
 ebeam
Technologies (EBT)
 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

Segments 
2020

In thousands of CHF Industrial
X-Ray Modules
(IXM)		 ebeam Technologies (EBT)
Plasma Control
Technologies
(PCT)		 X-Ray
Systems
(IXS)		 Elimination of intersegment sales Corporate Consolidated

Net sales

              
External net sales 50,052 14,598 224,718 106,449 — — 395,816
Intersegment sales 11,351 — — 314 -11’665 — —
Total net sales 61,403 14,598 224,718 106,762 -11,665 — 395,816
               

Earnings

              
Segment operating
income/(loss)		 3,997 2,242 41’781 -6’677 156 — 41,498
Unallocated costs  — — — — — -2,169 -2,169
Operating income  3,997 2,242 41’781 -6’677 156 -2,169 39,329
Financing expenses             -8,657
Financing income             2,816
Income before tax             33,487
Income tax             -5,827
Net income             27,661
               
EBITDA 8,956 3,344 49,338 -1,009 156 -2,169 58,616
EBITDA in % of sales 14.6% 22.9% 22.0% -0.9%     14.8%
               

Assets and liabilities at Dec. 31, 2020

              
Segment assets 83,828 — 129,908 124,183 — 91,351 429,271
Segment liabilities -16,793 — -44,235 -86,261 — -67,025 -214’315
Net assets  67,035 — 85,673 37,923 — 24,326 214’956
               

Other segment information

              
Depreciation and amortization 4,959 1,102 7,557 5,669 — — 19,287
Capital expenditure 3,669 254 11,823 11,369 — — 27,115
Change in provisions -35 -364 700 -353 — — -52
Other non-cash expense/(income) 359 -102 646 -495 14 1,438 1,860
Number of employees at year end 293 — 679 431 — — 1,403