ANNUAL REPORT 2017

Consolidated Statement of Comprehensive Income

for the 2017 financial year (January 1 to December 31, 2017)

2017

2016

Note

in CHF 1 000

in %

in CHF 1 000

in %

Net sales

3

612 333

100.0

552 237

100.0

Change in finished and semi-finished goods and work in progress

3 496

-893

Capitalized self-generated assets

4

2 849

5 603

Material cost

-279 870

-245 049

Personnel expenses 1)

5

-179 877

-159 041

Other operating expenses

6

-78 132

-71 769

Other operating income

7

2 442

1 980

Earnings before interest, taxes, depreciation and amortization (EBITDA) 1)2)

83 241

13.6

83 068

15.0

Depreciation and amortization

17, 18

-36 937

-34 646

Operating profit (EBIT) 1)3)

46 304

7.6

48 422

8.8

Financial expenses

8

-14 528

-11 716

Financial income

9

8 326

8 527

Earnings before taxes

40 102

6.5

45 233

8.2

Income taxes

10

-12 359

-13 171

Net income attributable to Feintool Holding shareholders

27 743

4.5

32 062

5.8

1) In financial year 2016, the Swiss pension fund approved an amendment to the regulations, which, according to IAS 19, had a positive impact on the statement of comprehensive income in the previous period to the tune of kCHF 7 083. This effect results in an EBIT margin of 8.8 %. Without this impact, the results would have been as follows: EBITDA kCHF 75 985; EBITDA margin 13.8 % EBIT kCHF 41 339; EBIT margin 7.5 % Further reference is made to Sections 1 and 5 of the Notes.

2) Includes the operating result before depreciation and amortization, (net) financial income and income tax.

3) Includes the operating result before (net) financial income and income tax.

2017

2016

Note

in CHF 1 000

in %

in CHF 1 000

in %

Other comprehensive income

Items that may be reclassified to profit or loss

Translation differences

2 595

1 643

Items that may not be reclassified to profit or loss

Reassessment of net defined benefit liability (asset)

5 007

-7 036

Income taxes on other comprehensive income

-1 200

1 632

Total other comprehensive income

6 402

-3 761

Total comprehensive income attributable to Feintool Holding shareholders

34 145

28 301

Net income attributable to Feintool Holding shareholders

27 743

32 062

Total comprehensive income attributable to Feintool Holding shareholders

34 145

28 301

Basic earnings per share (in CHF)

12

6.22

7.20

Diluted earnings per share (in CHF)

12

6.22

7.20

Number of employees

Number of employees excl. 81 (previous year 68) trainees

5

2 485

2 239