Key figures of the HOCHDORF Group

CHF 1,000 20202019 12018 2017 2016
Processed milk and whey in tonnes 376,009667,845661,017 650,017 741,770
Quantities produced including cream in tonnes 69,091161,831141,380 186,845 236,179
Turnover (net sales from goods and services) 306,199456,797561,031 600,527 541,606
     
Earnings before interest, taxes, depreciation and amortisation (EBITDA)      
13,869 –74,70935,88655,719 33,360
As % of production revenue 4.5%–17.0%6.3% 9.2% 6.1%
     
Earnings before interest and taxes (EBIT) –67,872–265,30918,649 42,616 22,464
As % of production revenue –22.3%–60.3%3.3% 7.1% 4.1%
     
Earnings before taxes –72,608–273,96210,405 45,856 22,377
As % of production revenue –23.8%–62.3%1.8% 7.6% 4.1%
     
Net profit –70,274–271,3788,656 40,846 19,406
As % of production revenue –23.0%–61.7%1.5% 6.8% 3.6%
     
Personnel expenses 39,72250,75752,980 51,000 47,796
As % of production revenue 13.0%11.5%9.2% 8.4% 8.8%
     
Depreciation of fixed assets 82,22847,89113,030 12,336 10,386
as % of average net position 38.0%17.1%4.4% 5.1% 5.6%
     
Investments in fixed assets 3,7188,44934,924 84,788 42,217
as % of production sales 1.2%1.9%6.1% 14.0% 7.8%
       
Earned Capital 11,097–34,82130,425 56,035 32,213
in % of net sales 3.6–7.6%5.4% 9.3% 5.9%
     
Cash flow from operating activities (cash flow) –11,325–15,439–81,279 6,019 24,227
as % of net sales –3.7%–3.4%–14.5% 1.0% 4.5%
     
Free cash flow (loss) 17,33916,306–148,530 –84,078 –33,519
Equity ratio 55.8%58.6%48.8% 53.1% 10.8%
Interest cover (EBIT/interest expenses net) n.a.n.a.1.6 8.8 19.2
Number of shares, outstanding, in units 2,151,7571,758,3691,434,760 1,434,760 1,434,760
Earnings per share in CHF –34.60–164.552.02 18.43 14.12
Earned Capital per share in CHF 5.14–19.8021.21 39.06 22.45
Dividend 0%0%0% 40% 38%
Payout ratio 0.00%0.00%0.00% 21.51% 27.35%
Share price as at 31.12. in CHF 63.2083.20102.0 286.25 309.75
Dividend return 0.00%0.00%0.00% 1.40% 1.23%
Price/earnings (P/E) ratio n.a.n.a.50.4 15.5 21.9
Market capitalisation 135,991146,296146,346 410,700 444,417
Staffing levels as at 31.12. 391618694 695 633
  1. Previous year's figures adjusted due to the change in the valuation principles for the hybrid bond (see also the notes to the consolidated financial statements of the HOCHDORF Group "Principles of consolidation" and note 15)