|
1) |
EBIT + depreciation of property, plant and equipment + amortization of intangibles |
|
2) |
Net profit from continuing operations (including minorities) |
|
3) |
Operating cash flow before working capital changes |
|
4) |
Includes current assets and liabilities related to commercial activities and current provisions |
|
5) |
Total equity attributable to the shareholders of the parent company |
|
6) |
EBIT x (1-effective tax rate)/average capital employed |
|
7) |
Based on the net profit for the period attributable to the shareholders of the parent company |
|
8) |
Operating cash flow before working capital changes/basic shares outstanding |
|
9) |
Par value reduction instead of a dividend; 2008/09 as proposed by the Board of Directors to the Annual General Meeting |
Key figures 2008/2009
| for the fiscal year ended August 31, |
|
Change (%) |
2008/09 |
2007/08 |
||
|
|
|
in local currencies |
in reporting currency |
|
|
|
| Income statement |
|
|
|
|
|
|
| Sales volume |
Tonnes |
|
4.1% |
1,213,610 |
1,166,007 |
|
| Sales revenue |
CHF m |
8.5% |
1.3% |
4,880.2 |
4,815.4 |
|
| EBITDA1 |
CHF m |
9.1% |
2.8% |
456.1 |
443.7 |
|
| Operating profit (EBIT) |
CHF m |
9.5% |
2.8% |
350.8 |
341.1 |
|
| Net profit from continuing operations2 |
CHF m |
16.5% |
8.5% |
226.9 |
209.1 |
|
| Net profit for the year |
CHF m |
18.5% |
10.4% |
226.9 |
205.5 |
|
| Cash flow3 |
CHF m |
|
(3.7%) |
418.1 |
434.3 |
|
| EBIT per tonne |
CHF |
5.2% |
(1.2%) |
289.1 |
292.5 |
|
| Balance sheet |
|
|
|
|
|
|
| Total assets |
CHF m |
|
(5.8%) |
3,514.8 |
3,729.5 |
|
| Net working capital4 |
CHF m |
|
(2.8%) |
1,010.1 |
1,037.1 |
|
| Non-current assets |
CHF m |
|
0.6% |
1,432.2 |
1,423.7 |
|
| Net debt |
CHF m |
|
(9.5%) |
942.7 |
1,041.2 |
|
| Shareholders’ equity5 |
CHF m |
|
6.8% |
1,255.6 |
1,175.9 |
|
| Ratios |
|
|
|
|
|
|
| Economic value added (EVA) |
CHF m |
|
2.9% |
129.9 |
126.3 |
|
| Return on invested capital (ROIC)6 |
% |
|
|
13.9% |
14.0% |
|
| Return on equity (ROE) |
% |
|
|
18.1% |
17.7% |
|
| Debt to equity ratio |
% |
|
|
75.1% |
88.5% |
|
| Shares |
|
|
|
|
|
|
| Share price at fiscal year end |
CHF |
|
(20.7%) |
574 |
724 |
|
| EBIT per share (issued) |
CHF |
9.5% |
2.8% |
67.8 |
66.0 |
|
| Basic earnings per share7 |
CHF |
16.9% |
8.9% |
44.0 |
40.4 |
|
| Cash earnings per share8 |
CHF |
|
(3.4%) |
81.1 |
83.9 |
|
| Payout per share9 |
CHF |
|
8.7% |
12.5 |
11.5 |
|
| Other |
|
|
|
|
|
|
| Employees |
|
|
3.4% |
7,525 |
7,281 |
|
| for the fiscal year ended August 31, |
|
Change (%) |
2008/09 |
2007/08 |
|
| Key figures by region |
|
|
|
|
|
| Europe |
|
|
|
|
|
| Sales volume |
Tonnes |
0.7% |
792,385 |
786,698 |
|
| Sales revenue |
CHF m |
(5.5%) |
3,335.8 |
3,530.5 |
|
| EBITDA |
CHF m |
3.7% |
369.7 |
356.5 |
|
| EBIT |
CHF m |
6.7% |
296.2 |
277.6 |
|
| Americas |
|
|
|
|
|
| Sales volume |
Tonnes |
10.0% |
321,852 |
292,614 |
|
| Sales revenue |
CHF m |
23.0% |
1,145.8 |
931.6 |
|
| EBITDA |
CHF m |
16.2% |
109.7 |
94.4 |
|
| EBIT |
CHF m |
15.0% |
91.4 |
79.5 |
|
| Asia/Rest of World |
|
|
|
|
|
| Sales volume |
Tonnes |
14.6% |
99,373 |
86,695 |
|
| Sales revenue |
CHF m |
12.8% |
398.6 |
353.3 |
|
| EBITDA |
CHF m |
(26.0%) |
41.6 |
56.2 |
|
| EBIT |
CHF m |
(36.0%) |
33.1 |
51.7 |
|
| Key figures by business segment |
|
Change (%) |
2008/09 |
2007/08 |
|
| Industrial Business Segment |
|
|
|
|
|
| Sales volume |
Tonnes |
7.4% |
979,051 |
911,819 |
|
| - Cocoa |
Tonnes |
21.6% |
196,808 |
161,811 |
|
| - Food Manufacturers |
Tonnes |
4.3% |
782,243 |
750,008 |
|
| Sales revenue |
CHF m |
5.8% |
3,447.0 |
3,258.3 |
|
| - Cocoa |
CHF m |
24.1% |
748.9 |
603.7 |
|
| - Food Manufacturers |
CHF m |
1.6% |
2,698.1 |
2,654.6 |
|
| EBITDA |
CHF m |
5.1% |
319.9 |
304.4 |
|
| EBIT |
CHF m |
3.0% |
254.5 |
247.1 |
|
| Food Service/Retail Business |
|
|
|
|
|
| Sales revenue |
CHF m |
(8.0%) |
1,433.2 |
1,557.1 |
|
| - Gourmet & Specialties |
CHF m |
(4.3%) |
622.6 |
650.7 |
|
| - Consumer Products |
CHF m |
(10.6%) |
810.6 |
906.4 |
|
| EBITDA |
CHF m |
(0.7%) |
201.2 |
202.7 |
|
| EBIT |
CHF m |
2.8% |
166.2 |
161.7 |
|