The Group’s activity grew during the year, with reported consolidated revenue of CHF 947.4 million compared with CHF 873.6 million in 2021, an increase of 10.5% at constant exchange rates or 8.4% at current exchange rates. Operating profit for the year was reported at CHF 94.2million, which is 29.1% higher than CHF 73.2million for 2021.
Adjusted consolidated revenues increased 10.6% at constant currency rates to CHF 1 028.6 million, compared with CHF 950.8 millions in 2021. The Adjusted Operating Profit before Exclusions increased to CHF 130.3 million from CHF 99.9million in 2021. This represents a 34.0% increase for constant exchange rates.
The Group recognised a net financial expense in 2022 of CHF 3.75 million, against CHF 10.8 millions in the previous year.
The Board proposed that the Annual General Meeting be held on 25 Mai 2023. It would distribute a dividend of CHF 5.55 per share with a yield rate of 5%.
The group spoke out about its 2023 outlook:
The activity level at the beginning of 2023 was similar to last year. It increased more than 10% compared to the same period in 2022 at constant currency rates. This was due to central bank monetary tightening policies to combat stubborn inflation .