Annual Report 2019

Letter to our shareholders

Net revenue


Decrease on a comparable basis 4.9% — impacts from divestment and market slow-down

Operating result


Including divestment gain of CHF 29.9 million — stable operating margin on a comparable basis

Performance Indicators

1 Excl. divestment gain of CHF 8.8 million. 
2 Excl. divestment gain of CHF 29.9 million.
3 With the announced new strategic direction, the financial targets will be redefined in due course.

Reporting 2019

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