The Net profit amounted to CHF 122 million, a 12% increase compared to previous year. Free cash flow before acquisitions stood at CHF –30 million compared to CHF 25 million during the same period of 2016 as capital expenditures increased as well as working capital due to the strong growth of the first half year, especially in Asia.
A substantial growth in sales and profit
-Sales increased by 7% to CHF 1’992 million, 8% organically
-Operating result up 10% to CHF 168 million for an 8.4% EBIT margin
-Net profit up 12% to CHF 122 million
-Strategy implementation well on track