Five-year Overview

In thousands of CHF

2022

2021

2020

2019

2018
Net sales 586,395 513,721 395,816 371,606 436,356
Operating income 98,975 84,085 39,329 19,939 18,771
In % of net sales 16,9% 16,4% 9,9% 5,4% 4,3%
EBITDA 118,913 102,749 58,616 39,974 42,966
In % of net sales 20,3% 20,0% 14,8% 10,8% 9,8%
Net income 78,109 67,437 27,661 12,027 12,347
In % of net sales 13,3% 13,1% 7,0% 3,2% 2,8%
Free cash flow1 42,173 57,767 41,649 30,112 825
In % of net sales 7,2% 11,2% 10,5% 13,1% 6,4%
Total assets 556,801 482,341 429,271 391,710 380,266
Shareholders' equity 331,532 274,981 214,956 195,948 198,292
In % of total assets 59,5% 57,0% 50,1% 50,0% 52,1%
Number of employees (year-end)          
Switzerland 647 565 474 494 509
International 1,116 1,006 929 836 837
Total 1,763 1,571 1,403 1,330 1,346

1 Net cash provided by operating activities and net cash (used in) investing activities, as per consolidated statement of cash flows.

Segments 
2019

in TCHF

Industrial X-Ray
Modules (IXM)

 ebeam
Technologies (EBT)		 Plasma Control
Technologies (PCT)		 X-Ray
Systems (IXS)		 Elimination of
intersegment sales		   Corporate Total Group
Net sales                
External sales 65’045 15'481 151’734 139'346 -   - 371’606
Intersegment sales 13'095 - - 205 -13’301   - -
Total net sales 78’141 15’481 151’734 139'551 -13'301   - 371’606
                 
Earnings                
Segment operating income/loss 16'338 -7’903 8’206 6’301 -473   - 22’468
Unallocated costs - - - - -   -2’530 -2’530
Operating Income 16’338 -7’903 8’206 6’301 -473   -2’530 19’939
                 
Financing expenses               -6’738
Financing income               2’162
Income before tax               15’363
Income tax               -3’336
Net income               12’027
                 
EBITDA 21’742 -6’156 15’366 12’026 -473   -2'530 39’974
EBITDA in % of sales 27.8% -39.8% 10.1% 8.6%       10.8%
                 
Assets and liabilities                
Segment assets 82’941 16’801 109’507 112’813 -   69’648 391’710
Segment liabilities -15’610 -6’164 -31’904 -66’320 -   -75’764 -195’762
Net assets 67’331 10’637 77’603 46’493 -   -6’116 195’948
                 
Other segment information                
Depreciation and amortization 5’404 1’746 7’160 5’725
-
  
-
 20’035
Capital expenditure 4’474 860 7’855 8’003 -   - 21’194
Change in provisions -152 151 -2’080 -482 -   - -2’563
Other non-cash expense/income -623 420 1'104 -58 38   162 1'044
Number of employees at year-end 279 68 544 439 -   - 1'330

Segments 
2018

in TCHF Industrial X-Ray
Modules (IXM)
 ebeam
Technologies (EBT)
 Plasma Control
Technologies (PCT)
 X-Ray
Systems (IXS)
 Elimination of
intersegment sales		   Corporate Consolidated
Net sales                
External sales 68,919 19,930 212,197 135,310 -   - 436,356
Intersegment sales  12,276 63 - 359 -12,698   - -
Total net sales 81,195 19,993 212,197 135,669 -12,698   - 436,356
                 
Earnings                
Segment operating income/loss 16,126 -28,223 38,367 -5,190 278   - 21,358
Unallocated costs - - - - -   -2,587 -2,587
Operating Income 16,126 -28,223 38,367 -5,190 278   -2,587 18,771
Financing expenses               -7,003
Financing income               3,484
Income before tax               15,251
Income tax               -2,905
Net income               12,347
                 
EBITDA 20,680 -19,853 43,479 969 278   -2,587 42,966
EBITDA in % of sales 25.5% -99.3% 20,5% 0.7%       9,8%
                 
Assets and liabilities at Dec. 31, 2018                
Segment assets 90,479 18,601 109,198 108,349 -   53,638 380,266
Segment liabilities -20,575 -5,047 -29,669 -56,283 -   -70,400 -181,974
Net assets 69,904 13,554 79,529 52,066 -   -16,762 198,292
                 
Other segment information                
Depreciation and amortization 4,555 8,370 5,112 6,159
-
  
-
 24,195
Capital expenditure 13,990 3,140 13,357 2,468 -   - 32,956
Change in provisions -318 -1,228 906 2,902 -   - 2,262
Other non-cash expense/income 1,150 508 315 -69 43   1,177 3,125
Number of employees at year-end 314 77 535 420 -   - 1,346
                 
Restated for IFRS 16 (see note 2.2).                

Segments 
2017

in TCHF Industrial X-Ray
Modules (IXM)
 ebeam
Technologies (EBT)
 Plasma Control
Technologies (PCT)
 X-Ray
Systems (IXS)
 Elimination of
intersegment sales		 Corporate Total Group
Net sales              
External sales 61,729 29,446 212,950 139,245
-
-
 443,370
Intersegment sales 17,080
33
-
 548 -17,661
-
-
Total net sales 78,809 29,479 212,950 139,793 -17,661
-
 443,370
               
Earnings              
Segment operating income/loss 14,401 -18,411 52,541 4,615 -743
-
 52,403
Unallocated costs
-
-
-
-
   -1,666 -1,666
Operating income 14,401 -18,411 52,541 4,615 -743 -1,666 50,737
Financing expenses             -6,971
Financing income             6,086
Income before tax             49,852
Income tax             -14,516
Net income             35,336
               
EBITDA 17,963 -16,206 55,676 8,179 -743 -1,666 63,203
EBITDA in % of sales 22.8% -55.0% 26.1% 5.9%     14.3%
               
Assets and liabilities              
Segment assets 69,141 36,587 114,755 98,139
-
 71,167 389,789
Segment liabilities -20,614 -13,682 -31,788 -48,731
-
 -73,426 -188,241
Net assets 48,527 22,905 82,967 49,408
-
 -2,259 201,548
               
Other segment information              
Capital expenditure 12,472 4,264 20,803 3,968
-
-
 41,507
Depreciation and amortization 3,563 2,205 3,135 3,563
-
-
 12,466
Change in provisions -185 940 2,221 -645
-
-118
 2,213
Other non-cash expense/(income) 1,522 564 997 192
-85
-653
 2,537
Number of employees at year-end 302 151 549 433
-
-
 1,435

Segments 
2020

in TCHF Industrial X-Ray
Modules (IXM)
 Plasma Control
Technologies (PCT)
 X-Ray
Systems (IXS)
 ebeam
Technologies (EBT)
 Elimination of
intersegment sales		 Corporate Total Group

Net sales

              
External sales 57,120 137,586 120,851 16,879
-
-
 332,437
Intersegment sales 12,498
-
 595
-
 -13,093
-
-
Total net sales 69,618 137,586 121,446 16,879 -13,093
-
 332,437
               

Earnings

              
Segment operating income/loss 13,079 27,772 8,676 -10,991 -194
-
 38,342
Unallocated costs
-
-
-
-
   -1,870 -1,870
Operating income 13,079 27,772 8,676 -10,991 -194 -1,870 36,473
Financing expenses             -6,333
Financing income             5,950
Income before tax             36,090
Income tax             -8,754
Net income             27,336
               

EBITDA

 16,475 30,919 11,460 -9,091 -194 -1,870 47,699
EBITDA in % of sales 23.7% 22.5% 9.4% -53.9%     14.3%
               

Assets and liabilities

              
Segment assets 55,860 72,865 91,383 41,401
-
 83,400 344,908
Segment liabilities -13,262 -21,337 -36,454 -17,398
-
 -80,113 -168,563
Net assets 42,598 51,528 54,930 24,003
-
 3,287 176,346
               

Other segment information

              
Capital expenditure 4,800 2,814 1,852 9,706
-
-
 19,171
Depreciation and amortization 3,396 3,147 2,783 1,900
-
-
 11,226
Change in provisions -18 688 736 545
-
 -118 1,834
Other non-cash expense/(income) -355 -375 419 414 192 -887 -591
Number of employees at year-end 285 407 389 149
-
-
 1,230

Segments 
2021

In thousands of CHF

Plasma Control

Technologies

(PCT)

X-Ray

Systems

(IXS)

Industrial X-Ray

Modules

(IXM)

ebeam

Technologies

(EBT)

Elimination of intersegment sales

Corporate

Consolidated

Net sales

              
External net sales 306’091 138’371 69’259 — — — 513’721
Intersegment sales — 535 9’687 — -10’222 — —
Total net sales 306’091 138’906 78’946 — -10’222 — 513’721

Earnings

              
Segment operating
income		 71’864 3’634 10’548 — 294 — 86’340
Unallocated costs                 — —                 — — — -2’255 -2’255

Operating income

 71’864 3’634 10’548 — 294 -2’255 84’085
Financing expenses             -5’106
Financing income             3’229
Income before tax             82’208
Income tax             -14’771

Net income

             67’437
               

EBITDA

 80’487 8’931 15’292                 — 294 -2’255 102’749
EBITDA in % of net sales 26.3% 6.4% 19.4%       20.0%
               

Assets and liabilities at Dec. 31, 2021

              
Segment assets 153’907 116’142 85’470 — — 134’897 490’415
Segment liabilities -50’890 -75’497 -20’290 — — -68’757 -215’435

Net assets

 103’017 40’645 65’180 — — 66’140 274’981

Other segment information

              
Expenditure for right-of-use asset 1’165 861 1’597 — — — 3’623
Expenditure for property, plant and equipment & intangible assets 6’586 1’870 3’011 — — — 11’467
Depreciation, amortization and impairment 8’622 5’297 4’744 — — — 18’663
Change in provisions 262 -1’887 77 — — — -1’549
Other non-cash expense/(income) -203 -293 -47 — 24 400 -119
Number of employees at year end 826 435 310 — — — 1’571

Segments 2022

In thousands of CHF

Plasma
Control
Technologies
(PCT)

X-Ray
Systems
(IXS)

Industrial
X-Ray
Modules
(IXM)

Elimination
of
intersegment
sales

Corporate

Consolidated

Net sales

            
External net sales 381,424 129,944 75,026 — — 586,395
Intersegment sales — 407 13,616 (14,023) — —

Total net sales

 381,424 130,351 88,643 (14,023) — 586,395

Segment operating income

 94,497 (3,104) 10,868 (1,227) — 101,033
Unallocated costs — — — — (2,059) (2,059)

Operating income

 94,497 (3,104) 10,868 (1,227) (2,059) 98,975
lnterest income — — — — — 440
lnterest (expenses) — — — — — (1,715)
Net gains or (losses) on derivative fair value — — — — — (192)
Net gains or (losses) on foreign exchange — — — — — (2,140)

Income before tax

 — — — — — 95,368
lncome tax — — — — — (17,259)

Net income

 — — — — — 78,109
             

EBITDA

 104,915 1,607 15,677 (1,227) (2,059) 118,913
EBITDA in % of net sales 27.5% 1.2% 17.7%     20.3%
             

Assets and liabilities at Dec. 31, 2022

            
Segment assets 216,730 103,496 88,108 — 148.467 556,801
Segment liabilities (75,364) (53,689) (17,222) — (78,994) (225,269)

Net assets

 141,365 49,807 70,886 — 69,473 331,532

Other segment information

            
Additions to right-of-use asset 20,714 1,558 239 — — 22,511
Additions to property, plant and equipment & intangible assets 16,958 2,384 3,412 — — 22,753
Depreciation, amortization and impairment 10,419 4,711 4,809 — — 19,939
Change in provisions (318) 1,509 (166) — — 1,026
Other non-cash expense or (income) (345) 93 4 58 24 (166)
Number of employees at year-end 998 430 335 — — 1,763