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