Reconciliations

Operating result to EBITDA and Adjusted EBITDA

kEUR

2022

2021

2020

 

 

 

 

Operating result (EBIT)

12,607

64,165

44,378

Depreciation, amortization and impairment charges (if any)

26,063

20,683

17,545

EBITDA

38,670

84,848

61,923

 

 

 

 

Government loans waived

0

-2,370

0

IPO consultancy services

0

1,381

0

IPO cash bonus

0

1,342

0

IPO share bonus

0

2,998

0

Equipment damage provision

0

0

-489

Costs related to the IPO

0

0

524

Adjusted EBITDA

38,670

88,199

61,958

Return on net operating assets (RONOA)1

kEUR

2022

2021

2020

 

 

 

 

Operating result (EBIT)

12,607

64,166

44,378

Average 1 Net operating assets:

 

 

 

Total non-current assets (average)

293,822

229,773

179,293

Total current assets (average)

291,588

255,734

161,266

Cash and cash equivalents (average)

-86,916

-76,756

-17,358

Total current liabilities (average)

-100,007

-102,905

-79,893

Average 1 Net operating assets

398,487

305,846

243,308

Return on net operating assets (RONOA)

3.2%

21.0%

18.2%

1 The average amounts are calculated as: (Current period's figures + prior period's figures) / 2.

Proposed cash distribution per share

 

2022

2021

2020

 

 

 

 

Result for the year (kEUR)

7,767

47,258

31,335

Proposed pay-out ratio (%)

0.0%

20.3%

0.0%

Proposed cash distribution (kEUR)

9,613

Exchange rate (EUR/CHF)

0.97

Proposed cash distribution (kCHF)

9,931

Number of outstanding shares as at 31 December ('000)

33,105

Proposed cash distribution per share (CHF)

0.30

Free Cash Flow

kEUR

2022

2021

 

 

 

Net cash flows from operating activities

5,460

57,352

Acquisition of intangible assets

-3,665

-3,747

Acquisition of property, plant and equipment

-75,099

-73,961

Free Cash Flow

-73,304

-20,356

Net Cash

kEUR

2022

2021

 

 

 

Cash and cash equivalents

37,528

136,303

Interest-bearing liabilities (Total financial debt):

 

 

Lease liabilities (Non-current)

-17,652

-14,947

Other financial liabilities (Non-current)

-9,410

-10,302

Lease liabilities (Current)

-3,566

-3,058

Other financial liabilities (Current)

-1,096

-1,145

Interest-bearing liabilities (Total financial debt)

-31,724

-29,452

Net Cash

5,804

106,851

Revenue at constant currencies1

kEUR

2022

2021

 

 

 

Revenue at constant currencies 1

273,868

282,226

Impact from changes in exchange rates compared to prior period

7,110

-100

Revenue reported (IFRS)

280,978

282,126

1 Revenue translated into the presentation currency, EUR, using the weighted average EUR currency exchange rate from the prior period.

Change in revenue

 

2022 vs 2021

2021 vs 2020

 

 

 

Change in revenue reported (IFRS) (%)

-0.4%

53.9%

Change in revenue at constant currencies (%)

-3.0%

55.5%

Coronavirus pandemic

kEUR

2022

2021

 

 

 

Revenue associated with the coronavirus pandemic

50,710

63,194

Revenue not associated with the coronavirus pandemic

230,268

218,932

Revenue reported (IFRS)

280,978

282,126

 

 

 

Capital expenditures (Capex)

kEUR

2022

2021

 

 

 

Property, plant and equipment assets capitalized

79,350

72,542

Intangible assets capitalized

3,635

4,110

Capital expenditures (Capex)

82,985

76,652