Key figures of the HOCHDORF Group

TCHF 2016 2015 2014 2013 2012
           
Processed milk and whey in tonnes 741,769 761,240 506,963 454,647 442,350
Quantities produced incl. cream in tonnes 236,179 241,754 99,720 89,631 87,518
Turnover (gross sales revenue) 551,476 551,208 428,689 376,145 346,614
         
Earnings before interest, tax, depreciation and amortisation (EBITDA)          
33,360 30,455 27,197 18,099 14,318 
as % of production revenue 6.1 % 5.6 % 6.4 % 4.9 % 4.2 %
         
Earnings before interest and taxes (EBIT) 22,464 20,146 20,016 10,298 2,759
as % of production revenue 4.1 % 3.7 % 4.7 % 2.8 % 0.8 %
         
Earnings before taxes 22,377 15,137 17,849 6,328 -35,402
as % of production revenue 4.1 % 2.8 % 4.2 % 1.7 % -10.5 %
         
Net profit 19,406 13,024 16,139 6,063 -35,326
as % of production revenue 3.6 % 2.4 % 3.8 % 1.6 % -10.4 %
         
Personnel expenses 47,796 46,227 34,802 31,720 32,456
as % of production revenue 8.8 % 8.5 % 8.2 % 8.5 % 9.6 %
         
Depreciation on property, plant and equipment 10,386 9,972 6,782 7,086 10,842
as % of average net inventory 5.6 % 6.2 % 6.1 % 6.5 % 8.2 %
         
Investments in fixed assets 42,217 22,211 16,952 3,957 8,679
as % of production revenue 7.8 % 4.1 % 4.0 % 1.1 % 2.6 %
           
Earned capital 32,213 24,870 25,310 18,126 13,507
as % of net sales revenue 5.9 % 4.6 % 6.0 % 4.9 % 3.9 %
         
Cash flow from operating activities (cash flow) 24,227 19,011 20,546 18,196 15,372
as % of net sales revenue 4.5 % 3.5 % 4.9 % 4.9 % 4.5 %
         
Free cash flow (loss) –33,519 –3,736 –11,903 13,846 7,134
Equity ratio 10.8 % 56.6 % 43.2 % 42.6 % 41.6 %
Interest coverage (EBIT/interest expense net) 19.2 11.0 8.6 3.1 0.7
Number of shares, outstanding, in units 1,434,760 1,434,760 1,070,922 900,000 900,000
Earnings per share in CHF 14.12 11.73 17.45 6.95 -39.69
Cash flow (earned capital) per share in CHF 22.45 17.33 23.63 20.14 15.01
Dividend 38 % 37 % 37 % 32 % 30 %
Payout ratio 27.35 % 39.26 % 24.55 % 47.50 % n.a.
Share price as of 31.12 in CHF 309.75 168.70 138.00 104.00 88.25
Dividend return 1.23 % 2.19 % 2.68 % 3.08 % 3.40 %
Price/earnings (P/E) ratio 21.9 14.4 7.9 15.0 n.a.
Market capitalisation 444,417 242,044 147,787 93,600 79,425
Staffing levels as of 31.12 633 625 573 362 381