Financial News

• 3.5% sales decline versus prior quarter to USD 93.2 million; 8.1% lower than a year ago
• Sequentially stronger operating profit of USD 16.3 million (second quarter: USD 15.8 million); Operating profit margin of 17.5% after 16.3% in the second quarter and 19.7% a year ago
• Focus on achieving guidance in fourth quarter

• Publication of media release and presentation at 07:00 a.m.
• Conference Call at 09:30 a.m.

Second Quarter 2019

• Slight sales increase of 0.9% over preceding quarter to USD 96.6 million; 7.3% below prior-year figure
• Operating income of USD 15.8 million; margin of 16.3% after 17.5% in the preceding first quarter and 21.1% a year ago

First half-year 2019

• USD 192.2 million in sales; 10.6% below last year's figure
• Operating income of USD 32.5 million; margin of 16.9% after 21.7% a year ago

Guidance 2019

• Confirmed Outlook of around USD 400 million and operating income margin around 19%

• Publication of media release, half-year report 2019 and presentation at 07:00 a.m.
• Conference Call at 09:30 a.m.

Bad Ragaz/Switzerland, July 11, 2019.

• Slight sales increase over fourth quarter 2018 to USD 95.7 million after record-high USD 110.7 million a year ago
• Gross margin of 50.1% (Q1 2018: 51.1%; Q4 2018: 47.5%); Operating income margin of 17.5% (Q1 2018: 22.2%; Q4 2018: 15.8%)

Guidance 2019

• Confirmed outlook with sales of around USD 400 million and operating income margin of around 19%

• Publication of media release and presentation at 07:00 a.m. CEST
• Conference Call at 09:30 a.m. CEST

• Distribution of CHF 22.00 per share – CHF 5.00 out of capital contribution reserves and CHF 17.00 as ordinary dividend
• All Members of the Board of Directors, the Compensation and HR Committee, and the Chairman elected as proposed
• compensation report 2018 and all compensation proposals for 2019 approved as proposed

• Fourth quarter 2018 shows expected slow-down: Sales USD 94.2 million 8% below prior year and 7% lower than in Q3 2018; Operating income of USD 14.9 million or 15.8% of sales (Q4 2017: USD 22.2 million; 21.7%)
• Successful year 2018: Sales grow 10% to USD 410.4 million (2017: USD 373.6 million); Operating income plus 11% to USD 81.5 million or 19.9% of sales (USD 73.6 million; 19.7%); Net profit USD 64.2 million or 15.6% of sales (USD 59.5 million; 15.9%)
• Annual General Meeting and distribution to shareholders: The invitation to the Annual General Meeting is now available online. The Board of Directors proposes for 2018 to distribute CHF 22 per share: CHF 5 out of capital reserves and CHF 17 as an ordinary dividend. This represents a pay-out ratio of about 84% of the net profit.
• Guidance 2019: Sales around USD 400 million and operating profit margin around 19%
• Annual Report and Media/Analyst conference: The Annual Report 2018 is available online; a live Media/Analyst conference is scheduled for 09:30 a.m. today at Zunfthaus zum Rüden, Limmatquai 42, Zürich.