Key highlights

2018

REVENUE GROWTH ACCELERATED

In 2018 growth in core revenue accelerated significantly and profitability improved. Cash generation was strong with an increase in cash conversion.

In brief:

  • Core revenue growth exceeds target range of 4-6%: strong growth in Asia-Pacific throughout the year
  • Adjusted EBITDA margin slightly higher despite currency headwind
  • Significant increase in adjusted net income and adjusted earnings per share
  • Proposed dividend of CHF 0.35 per share

Core
revenue

1.64 bn

2017: €1.59bn

Core revenue growth
at constant currencies

+ 6.4 %

2017: +1.5%

Adjusted
free cash flow

257 m

2017: €202m

Adjusted
EBITDA

462 m

2017: €455m

Adjusted
EBITDA margin

27.5 %

2017: 27.3%

Cash
conversion

69 %

2017: 64%

Adjusted
net income

149 m

2017: €106m

Adjusted EBITDA
– net capex margin

19.0 %

2017: 17.5%


ROCE

20.6 %

2017: 20.2%