| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 40.7 | 43.9 | 37.8 | 66.6 | 80.7 | 41.9 | −48.1% | |
| Depreciation & amortization | 4.6 | 4.8 | 6.0 | 9.1 | 10.2 | 10.7 | +4.6% | |
| Stock-based compensation | 0.0 | 0.0 | 0.1 | 0.2 | 0.1 | 0.0 | −100.0% | |
| Change in working capital | (5.8) | 21.7 | (51.3) | (10.2) | 5.2 | (33.5) | −744.6% | |
| Operating cash flow | 49.8 | 79.6 | 10.4 | 80.4 | 114.2 | 63.2 | −44.6% | |
| Capital expenditure | (18.8) | (7.0) | (14.2) | (16.6) | (11.9) | (24.0) | −101.3% | |
| Acquisitions | (1.9) | 0.0 | 0.0 | (1.9) | 0.0 | (0.1) | — | |
| Investing cash flow | (24.6) | (49.2) | 6.1 | (15.0) | (48.5) | (25.1) | +48.3% | |
| Dividends paid | (32.7) | (27.9) | (32.4) | (27.3) | (39.4) | (48.8) | −23.9% | |
| Share buybacks | (1.0) | 0.0 | (1.9) | 0.0 | 0.0 | (1.7) | — | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | (0.2) | −301.3% | |
| Financing cash flow | (33.9) | (27.5) | (32.8) | (27.5) | (39.4) | (50.8) | −29.0% | |
| Free cash flow | 31.0 | 72.6 | (3.8) | 63.8 | 102.3 | 39.3 | −61.6% | |
| Net change in cash | (11.2) | (36.5) | (14.7) | 36.1 | 28.7 | 2.5 | −91.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in CHF.
