Key figures at a glance
|
|
| 1st half-year 2013 or 30.06.2013 [*] |
| 1st half-year 2012 or 31.12.2012 [*] |
| Change | |
| ||||||||
Group |
|
|
|
|
|
|
| |
Total sales [2] | CHF million |
| 612.4 |
| 483.1 |
| +26.8 | |
Operating profit (EBIT) incl. revaluation gains | CHF million |
| 88.4 |
| 102.5 |
| –13.8 | |
Net profit incl. revaluation effect | CHF million |
| 59.2 |
| 64.2 |
| –7.8 | |
| ||||||||
Operating profit (EBIT) excl. revaluation gains | CHF million |
| 83.2 |
| 83.5 |
| –0.4 | |
Net profit excl. revaluation effect | CHF million |
| 55.5 |
| 49.7 |
| +11.7 | |
Cash flow from operating activities | CHF million |
| 88.1 |
| 65.1 |
| +35.3 | |
| ||||||||
Return on equity incl. revaluation effect (annualised) | % |
| 6.2 |
| 7.4 |
| –1.2 | |
Return on equity excl. revaluation effect (annualised) | % |
| 6.1 |
| 6.0 |
| +0.1 | |
Equity ratio on cut-off date | % |
| 45.8 |
| 48.6 |
| –2.8 | |
Net gearing [3] on cut-off date | % |
| 89.6 |
| 80.6 |
| +9.0 | |
| ||||||||
Average interest rate on financial liabilities on cut-off date | % |
| 1.96 |
| 2.13 |
| –0.17 | |
Average interest lock-in period of financial liabilities on cut-off date months |
| 43 |
| 54 |
| –11 | ||
| ||||||||
Sales Projects & Development division | CHF million |
| 536.0 |
| 409.9 |
| +30.8 | |
Earnings from Projects & Development division [4] | CHF million |
| 54.3 |
| 53.2 |
| +2.1 | |
Operating margin Projects & Development division [5] | % |
| 38.7 |
| 44.5 |
| –5.8 | |
| ||||||||
Employees on cut-off date | number of full-time positions |
| 375 |
| 378 |
| –3 | |
| ||||||||
Share |
|
|
|
|
|
|
| |
Earnings per share incl. revaluation effect | CHF |
| 3.72 |
| 4.36 |
| –14.7 | |
Earnings per share excl. revaluation effect | CHF |
| 3.49 |
| 3.38 |
| +3.3 | |
Net asset value (NAV) per share before deferred taxes on cut-off date | CHF |
| 126.70 |
| 125.80 |
| +0.7 | |
Net asset value (NAV) per share after deferred taxes on cut-off date | CHF |
| 119.80 |
| 119.70 |
| +0.1 | |
Share price on cut-off date | CHF |
| 132.80 |
| 141.10 |
| –5.9 | |
| ||||||||
Valuation on cut-off date |
|
|
|
|
|
|
| |
Market capitalisation [6] | CHF million |
| 2 113.1 |
| 2 248.3 |
| –6.0 | |
Enterprise value (EV) [7] | CHF million |
| 3 821.3 |
| 3 785.8 |
| +0.9 |
[*]Should no further particulars be given, values referring to the income statement concern the 1st half-year, and balance sheet values the cut-off date on 30.06.2013 or 31.12.2012.
[1]Changes in quantum and percentage values are shown as absolute difference
[2]Income resulting from rental of investment real estate and real estate management plus completed project volume Projects & Development division
[3]Borrowings minus cash and marketable securities as percentage of equity
[4]Income from realisation in Projects & Development, Sales Development, capitalised service and various revenues minus direct expenses from realisation in Projects & Development, Sales Development
[5]EBIT excl. revaluation and restoration of value adjustments on projects as percentage of profit from business activity
[6]Stock price at cut-off date multiplied by the number of outstanding shares
[7]Market capitalisation plus net debts