Key figures of the HOCHDORF Group

CHF 1,000 2018 2017 2016 2015 2014
           
Processed milk and whey in tonnes 661,017 650,017 741,770 761,240 506,963
Quantities produced including cream in tonnes 141,380 186,845 236,179 241,754 99,720
Turnover (net revenue from goods and services) 561,031 600,527 541,606 543,688 420,353
         
Earnings before interest, taxes, depreciation, and amortisation (EBITDA)          
35,886 55,719 33,360 30,455 27,197
As % of production revenue 6.3% 9.2% 6.1% 5.6% 6.4%
         
Earnings before interest and taxes (EBIT) 18,649 42,616 22,464 20,146 20,016
As % of production revenue 3.3% 7.1% 4.1% 3.7% 4.7%
         
Earnings before taxes 10,405 45,856 22,377 15,137 17,849
As % of production revenue 1.8% 7.6% 4.1% 2.8% 4.2%
         
Net profit 8,656 40,846 19,406 13,024 16,139
As % of production revenue 1.5% 6.8% 3.6% 2.4% 3.8%
         
Personnel expenses 52,980 50,100 47,796 46,227 34,802
As % of production revenue 9.2% 8.4% 8.8% 8.5% 8.2%
         
Depreciation of tangible assets 13,030 12,336 10,386 9,972 6,782
as % of average net cash position 4.4% 5.1% 5.6% 6.2% 6.1%
         
Investments in fixed assets 34,924 84,788 42,217 22,211 16,952
as % of production revenue 6.1% 14.0% 7.8% 4.1% 4.0%
           
Earned Capital 30,425 56,035 32,213 24,870 25,310
in % of net sales revenue 5.4% 9.3% 5.9% 4.6% 6.0%
         
Cash flow from operating activities (cash flow) -81,279 6,019 24,227 19,011 20,546
as % of net sales revenue -14.5% 1.0% 4.5% 3.5% 4.9%
         
Free cash flow (loss) -148,530 -84,078 -33,519 -3,736 -11,903
Equity ratio 48.8% 53.1% 10.8% 56.6% 43.2%
Interest cover (EBIT/interest expenses net) 1.6 8.8 19.2 11.0 8.6
Number of shares, outstanding, in units 1,434,760 1,434,760 1,434,760 1,434,760 1,070,922
Earnings per share in CHF 2.02 18.43 14.12 11.73 17.45
Earned Capital per share in CHF 21.21 39.06 22.45 17.33 23.63
Dividend 40% 40% 38% 37% 37%
Payout ratio 201.74% 21.51% 27.35% 39.26% 24.55%
Share price as at 31.12. in CHF 102.0 286.25 309.75 168.70 138.00
Dividend return 3.92% 1.40% 1.23% 2.19% 2.68%
Price/earnings (P/E) ratio 50.4 15.5 21.9 14.4 7.9
Market capitalisation 146,346 410,700 444,417 242,044 147,787
Staffing levels as at 31.12. 694 695 633 625 573