Key figures at a glance
2011 31.12.2011 [*] | 2010 31.12.2010 [*] | Change in % [1] | |||||
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Group | |||||||
Total sales [2] | CHF million | 886.1 | 726.1 | +22.0 | |||
Operating profit (EBIT) incl. revaluation gains | CHF million | 217.5 | 185.0 | +17.6 | |||
Net profit incl. revaluation effect | CHF million | 140.8 | 116.4 | +21.0 | |||
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Operating profit (EBIT) excl. revaluation gains | CHF million | 172.8 | 171.5 | +0.8 | |||
Net profit excl. revaluation effect | CHF million | 109.0 | 106.1 | +2.7 | |||
Cash flow | CHF million | –22.9 | 36.5 | – | |||
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Return on equity incl. revaluation effect | % | 8.9 | 8.2 | +0.7 | |||
Return on equity excl. revaluation effect | % | 7.3 | 7.9 | –0.6 | |||
Equity ratio on cut-off date | % | 43.8 | 48.7 | –4.9 | |||
Net gearing on cut-off date [3] | % | 99.2 | 84.2 | +15.0 | |||
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Average interest rate on financial liabilities on cut-off date | % | 2.30 | 2.59 | –0.29 | |||
Average duration of financial liability | months | 51 | 46 | +5 | |||
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Sales Projects & Development division | CHF million | 743.2 | 587.0 | +26.6 | |||
Operating margin Projects & Development division [4] | % | 51.8 | 54.7 | –2.9 | |||
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Employees (number) on cut-off date | full-time equivalents | 297 | 261 | +36 | |||
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Allreal Holding AG | |||||||
Net profit | CHF million | 72.3 | 61.4 | +17.8 | |||
Share capital | CHF million | 683.2 | 683.2 | – | |||
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Share | |||||||
Earnings per share incl. revaluation effect | CHF | 10.34 | 8.80 | +17.5 | |||
Earnings per share excl. revaluation effect | CHF | 8.00 | 8.02 | –0.2 | |||
Net asset value (NAV) per share before deferred tax on cut-off date CHF | 124.70 | 120.85 | +3.2 | ||||
Net asset value (NAV) per share after deferred tax on cut-off date CHF | 117.75 | 114.70 | +2.7 | ||||
Profit distribution per share [5] | CHF | 5.50 | 5.50 | – | |||
Share price on cut-off date | CHF | 136.20 | 136.20 | +0.2 | |||
Dividend/Profit distribution yield [5] | % | 4.0 | 4.0 | – | |||
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Valuation on cut-off date | |||||||
Market capitalisation [6] | CHF million | 1 863.3 | 1 859.6 | +0.2 | |||
Enterprise value [7] | CHF million | 3 457.4 | 3 177.7 | +8.8 | |||
[*]Should no further particulars be given, values referring to the income statement concern the full year and balance sheet value the cut-off dates 31.12.2011 resp. 31.12.2010
[1]Changes in quantum and percentage values shown as absolute difference
[2]Sales resulting from rental of investment real estate plus completed project volume Projects & Development division
[3]Finance liabilities minus cash and marketable securities as percentage of equity
[4]EBIT excl. revaluation and restoration of value adjustments on projects as percentage of profit from business activity
[5]Board of directors proposal of CHF 5.50 per share for the 2011 financial year by means of repayment of reserves from capital contributions
[6]Stock price at balance sheet date multiplied by the number of outstanding shares
[7]Market capitalisation plus net finance debts