Key figures of the HOCHDORF Group

CHF 1,00020202019 1201820172016
Processed milk and whey in tonnes376,009667,845661,017650,017741,770
Quantities produced including cream in tonnes69,091161,831141,380186,845236,179
Turnover (net sales from goods and services)306,199456,797561,031600,527541,606
Earnings before interest, taxes, depreciation and amortisation (EBITDA)    
As % of production revenue4.5%–17.0%6.3%9.2%6.1%
Earnings before interest and taxes (EBIT)–67,872–265,30918,64942,61622,464
As % of production revenue–22.3%–60.3%3.3%7.1%4.1%
Earnings before taxes–72,608–273,96210,40545,85622,377
As % of production revenue–23.8%–62.3%1.8%7.6%4.1%
Net profit–70,274–271,3788,65640,84619,406
As % of production revenue–23.0%–61.7%1.5%6.8%3.6%
Personnel expenses39,72250,75752,98051,00047,796
As % of production revenue13.0%11.5%9.2%8.4%8.8%
Depreciation of fixed assets82,22847,89113,03012,33610,386
as % of average net position38.0%17.1%4.4%5.1%5.6%
Investments in fixed assets3,7188,44934,92484,78842,217
as % of production sales1.2%1.9%6.1%14.0%7.8%
Earned Capital11,097–34,82130,42556,03532,213
in % of net sales3.6–7.6%5.4%9.3%5.9%
Cash flow from operating activities (cash flow)–11,325–15,439–81,2796,01924,227
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 ratio55.8%58.6%48.8%53.1%10.8%
Interest cover (EBIT/interest expenses net)n.a.n.a.1.68.819.2
Number of shares, outstanding, in units2,151,7571,758,3691,434,7601,434,7601,434,760
Earnings per share in CHF–34.60–164.552.0218.4314.12
Earned Capital per share in CHF5.14–19.8021.2139.0622.45
Payout ratio0.00%0.00%0.00%21.51%27.35%
Share price as at 31.12. in CHF63.2083.20102.0286.25309.75
Dividend return0.00%0.00%0.00%1.40%1.23%
Price/earnings (P/E) ration.a.n.a.50.415.521.9
Market capitalisation135,991146,296146,346410,700444,417
Staffing levels as at 31.12.391618694695633
  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)