Five-year Overview

In thousands of CHF

2023

2022

2021

2020

2019

Net sales 397,453 586,395 513,721 395,816 371,606
Operating income 24,978 98,975 84,085 39,329 19,939
In % of net sales 6,3% 16,9% 16,4% 9,9% 5,4%
EBITDA 44,996 118,913 102,749 58,616 39,974
In % of net sales 11,3% 20,3% 20,0% 14,8% 10,8%
Net income 15,388 78,109 67,437 27,661 12,027
In % of net sales 3,9% 13,3% 13,1% 7,0% 3,2%
Free cash flow1 -584 42,173 57,767 41,649 30,112
In % of net sales -0,1% 7,2% 11,2% 10,5% 13,1%
Total assets 473,578 556,801 482,341 429,271 391,710
Shareholders' equity 296,092 331,532 274,981 214,956 195,948
In % of total assets 62,5% 59,5% 57,0% 50,1% 50,0%
Number of employees (year-end)          
Switzerland 586 647 565 474 494
International 991 1,116 1,006 929 836
Total 1,577 1,763 1,571 1,403 1,330

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 
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

Segments 2023

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 193,155 116,826 87,472 397,453
Intersegment sales 134 12,787 -12,921

Total net sales

193,155 116,961 100,258 -12,921 397,453

Segment operating income

7,192 671 19,580 761 28,204
Unallocated costs -3,226 -3,226

Operating income

7,192 671 19,580 761 -3,226 24,978
lnterest income 1,632
lnterest (expenses) -2,214
Other financial expenses -178
Net gains on derivative fair value 1,791
Net losses on foreign exchange -7,014

Income before tax

18,994
lncome tax -3,606

Net income

15,388
             

EBITDA

18,719 4,923 23,819 761 -3,226 44,996
EBITDA in % of net sales 9,7% 4,2% 23,8%     11,3%
             

Assets and liabilities at Dec. 31, 2023

           
Segment assets 181,421 95,340 88,105 108,713 473,578
Segment liabilities -52,386 -44,018 -14,854 -66,228 -177,486

Net assets

129,035 51,321 73,252 42,484 296,092

Other segment information

           
Additions to right-of-use asset 4,044 1,010 164 5,217
Additions to property, plant and equipment & intangible assets 19,224 3,282 3,907 26,413
Depreciation, amortization and impairment 11,527 4,252 4,239 20,018
Change in provisions -443 -894 172 -1,165
Other non-cash expense or (income) -74 463 -44 104 1,945 2,394
Number of employees at year-end 787 463 327 1,577