2018 CHF | 2017 CHF | |
| 01.01.2018 – 31.12.2018 | 01.01.2017 – 31.12.2017 | |
| Net profit | 8,656,123 | 40,845,777 |
| Depreciation of fixed assets and amortisation of intangible assets | 14,387,395 | 13,102,992 |
| Impairment of investments | 2,849,490 | 0 |
| Currency effect on the Lithuania sale | 3,017,328 | 0 |
| Net interest expense | 2,107,765 | 1,318,488 |
| Other non-cash adjustments | –2,273,428 | –1,020,866 |
| Change in short-term provisions | 0 | -5,056 |
| Change in long-term provisions | 1,345,966 | 1,488,652 |
| Accounting losses (profits) from sales of fixed assets | 102,914 | 46,740 |
| Income from associates and joint ventures | 231,316 | 258,559 |
| Cash flow from operating activities before changes in working capital | 30,424,870 | 56,035,284 |
| As % of net sales revenue | 5.42% | 9.33% |
| Change in trade receivables | 10,573,477 | –21,892,814 |
| Change in trade receivables from related parties | –4,587,979 | –35,670,382 |
| Change in trade receivables from associated parties | –212,993 | 1,001,590 |
| Change in other short-term receivables | 4,363,638 | –4,876,801 |
| Change in other short-term receivables from related parties | –77,834 | 40,758 |
| Change in inventories | –10,619,709 | –3,895,466 |
| Change in prepayments | –6,148,931 | –6,374,108 |
| Change in liabilities from deliveries and services | –15,332,847 | 14,924,137 |
| Change in other short-term liabilities | –2,599,168 | 4,048,085 |
| Change in other short-term liabilities to related parties | –84,282,752 | –8,037,378 |
| Change in deferred income | –2,778,505 | 10,716,136 |
| Change in net current assets | –111,703,601 | –50,016,242 |
| Cash flow from operating activities | –81,278,732 | 6,019,042 |
| As % of net sales revenue | –14.49% | 1.00% |
| Investments in fixed assets | –34,923,708 | –84,787,752 |
| Divestments of fixed assets | 31,287 | 108,457 |
| Investments in intangible assets | –592,098 | –4,221,053 |
| Divestments of intangible assets | 0 | 87,409 |
| Investments in/divestments of long-term financial assets | –106,538 | 145,916 |
| Net cash flow from the purchase (–) / sale (+) of shareholdings | –31,661,208 | –1,431,333 |
| Interest and dividends received | 927 | 835 |
| Cash flow from investing activities | –67,251,337 | –90,097,521 |
| Free cash flow | –148,530,069 | –84,078,479 |
| As % of net sales revenue | –26.47% | –14.00% |
| Change in short-term financial liabilities | 10,204,052 | –5,981,590 |
| Change in long-term financial liabilities | 118,357,205 | –110,848,899 |
| Additions/disposals of minority interests in capital and profit | –6,484 | –11,498 |
| Mandatory convertible bond | 0 | 87,485,000 |
| Hybrid bond | 0 | 124,173,032 |
| Capital increase | –6,749 | –1,427,138 |
| Change in capital of subsidiaries | –15,304 | 5,408 |
| Sale (purchase) own shares net cash flow | 2,381,731 | –3,263,073 |
| Interest paid | –9,554,865 | –4,870,133 |
| Dividend payments | –5,598,980 | –5,336,891 |
| Cash flow from financing activities | 115,760,605 | 79,924,218 |
| Currency translation | –306,882 | 306,768 |
| Net change in cash and cash equivalents | –33,076,346 | –3,847,492 |
| Cash and cash equivalents at 1 January | 63,860,406 | 67,707,898 |
| Cash and cash equivalents at 31 December | 30,784,059 | 63,860,406 |