2022
Half-year Report
Alternative
Performance
Measures
Definition of Alternative Performance Measures
HUBER+SUHNER uses alternative performance measures as guidance parameters for both internal and external reporting to stakeholders. HUBER+SUHNER uses the following definitions, which may differ from the one other companies use.
This document has been prepared in conformity with the Directive on the Use of Alternative Performance Measures issued by SIX Exchange Regulation Ltd.
Organic sales development
The organic sales development is calculated by adjusting the reported net sales for the impact of currency effects, copper price effects as well as portfolio effects (acquisitions and disposals). When determining the currency effects, the functional currency that is valid in the respective country is used.
Order intake
A new order is recognised as an order intake only when the contract creates enforceable obligations between the Group and its customer. When this condition is met, the order is recognised at the contract value.
Book-to-bill
The book-to-bill is the ratio of total order intake third to total net sales third.
Order backlog
The order backlog represents the amount of booked orders not yet delivered/invoiced at a closing date. The order backlog is calculated as follows:
- order backlog at the beginning of the year;
- plus order intake during the reporting period;
- less cancellations of orders recorded;
- less sales recognised during the reporting period.
EBIT
EBIT is calculated by subtracting cost of goods sold and operating expenses from net sales.
January-June | January-June | |
2022 | 2021 | |
Net sales | 477.4 | 424.4 |
Cost of goods sold | (302.9) | (255.9) |
Gross profit | 174.5 | 168.5 |
Selling & administrative expense/ | ||
Research & development expense | (121.6) | (116.5) |
Other operating expense / income | 1.1 | (0.3) |
EBIT (= operating profit) | 54.0 | 51.7 |
All amounts are in CHF million | 2 |
EBITDA
The EBITDA corresponds to the operating profit (EBIT) before depreciation of property, plant and equipment and amortisation of intangible assets.
January-June | January-June | |
2022 | 2021 | |
EBIT (= operating profit) | 54.0 | 51.7 |
Depreciation of property, plant and equipment | 13.5 | 13.0 |
Amortisation of intangible assets | 1.8 | 4.6 |
EBITDA | 69.3 | 69.3 |
Free operating cash flow
Free operating cash flow is defined as cash flow from operating activities less cash flow from investing activities.
January-June | January-June | |
2022 | 2021 | |
Cash flow from operating activities | 31.3 | 43.2 |
Cash flow from investing activities | (25.6) | (17.0) |
Free operating cash flow | 5.7 | 26.2 |
Free cash flow
January-June | January-June | |
2022 | 2021 | |
Free operating cash flow | 5.7 | 26.2 |
Payment of dividend | (38.2) | (25.3) |
Payment of dividend to minority interests | - | (0.5) |
Purchase of treasury shares | (40.6) | (3.6) |
Free cash flow | (73.2) | (3.3) |
Net liquidity
30.06.2022 | 30.06.2021 | |
Cash and cash equivalents | 145.8 | 202.7 |
Short-term financial liabilities | - | (0.3) |
Long-term financial liabilities | - | - |
Net liquidity | 145.8 | 202.4 |
Due to rounding, numbers presented throughout this report may not add up precisely to the totals provided. All ratios and deltas are calculated using the underlying amount rather than the presented rounded amount.
All amounts are in CHF million | 3 |
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Disclaimer
Huber + Suhner AG published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 08:11:11 UTC.