Key figures of the HOCHDORF Group

CHF 1,000 2015 2014 2013 2012 2011
           
Processed milk and whey in tonnes 761,240 506,963 454,647 442,350 474,421
Quantities produced incl. cream in tonnes 241,754 99,720 89,631 87,518 92,394
Turnover (gross sales revenue) 551,208 428,689 376,145 346,614 346,574
 
Earnings before interest, tax, depreciation  and amortisation (EBITDA)          
30,455 27,197 18,099 14,318 14,538
as % of production revenue 5.6% 6.4% 4.9% 4.2% 4.1%
 
Earnings before interest and taxes (EBIT) 20,146 20,016 10,298 2,759 1,898
as % of production revenue 3.7% 4.7% 2.8% 0.8% 0.5%
 
Earnings before taxes 15,137 17,849 6,328 –35,402 13,499
as % of production revenue 2.8% 4.2% 1.7% –10.5% 3.8%
 
Net profit 13,024 16,139 6,063 –35,326 12,381
as % of production revenue 2.4% 3.8% 1.6% –10.4% 3.5%
 
Personnel expenses 46,227 34,802 31,720 32,456 31,207
as % of production revenue 8.5% 8.2% 8.5% 9.6% 8.9%
 
Depreciation on property, plant and equipment 9,972 6,782 7,086 10,842 11,871
as % of average net inventory 6.2% 6.1% 6.5% 8.2% 7.6%
 
Investments in fixed assets 22,211 16,952 3,957 8,679 6,612
as % of production revenue 4.1% 4.0% 1.1% 2.6% 1.9%
           
Earned capital   24,870 25,310 18,126 13,507 12,919
as % of net sales revenue 4.6% 6.0% 4.9% 3.9% 3.8%
 
Cash flow from operating activities (cash flow) 19,011 20,546 18,196 15,372 –2,282
as % of net sales revenue 3.5% 4.9% 4.9% 4.5% –0.7%
 
Free cash flow (loss) –3,736 –11,903 13,846 7,134 8,295
Equity ratio 56.6% 43.2% 42.6% 41.6% 48.6%
Interest coverage (EBIT/interest expense net) 11.0 8.6 3.1 0.7 0.5
Number of shares, outstanding, in units 1,434,760 1,070,922 900,000 900,000 900,000
Earnings per share in CHF 11.73 17.45 6.95 –39.69 13.91
Cash flow (earned capital) per share in CHF 17.33 23.63 20.14 15.01 14.35
Dividend 37% 37% 32% 30% 30%
Payout ratio 39.26% 24.55% 47.50% n.a. 21.81%
Share price at 31.12. in CHF 168.70 138.00 104.00 88.25 75.70
Dividend return 2.19% 2.68% 3.08% 3.40% 3.96%
Price/earnings (P/E) ratio 14.4 7.9 15.0 n.a. 5.4
Market capitalisation 242,044 147,787 93,600 79,425 68,130
Staffing levels at 31.12. 625 573 362 381 361