Annual Report 2025

16 Assets and liabilities related to contracts with customers

millions of CHF

2025

2024

Revenue recognized over time related to ongoing performance obligations

8.3

5.5

Revenue recognized over time

8.3

5.5

Revenue recognized at a point in time

439.7

478.4

Revenue

448.0

483.9

– thereof revenue recognized included in the contract liability balance at the beginning of the period

2.2

4.2

Cost of goods sold recognized over time related to ongoing performance obligations

–6.5

–5.3

Cost of goods sold recognized over time

–6.5

–5.3

Cost of goods sold recognized at a point in time

–279.7

–318.9

Cost of goods sold

–286.1

–324.2

Gross profit recognized over time related to ongoing performance obligations

1.9

0.2

Gross profit recognized over time

1.9

0.2

Gross profit recognized at a point in time

160.0

159.4

Gross profit

161.9

159.7

Contract assets from revenue recognized over time relating to ongoing performance obligations

20.7

15.2

Netting with contract liabilities

–14.6

–13.0

Contract assets

6.1

2.2

Contract liabilities from costs recognized over time relating to ongoing performance obligations

0.4

Advance payments from customers relating to point in time contracts

1.9

1.6

Advance payments from customers relating to over time contracts

17.5

13.6

Netting with contract assets

–14.6

–13.0

Contract liabilities

5.3

2.2

Order backlog (aggregate amount of transaction price allocated to unsatisfied performance obligations)

87.7

122.4

– thereof expected to be recognized as revenue within 12 months

85.7

120.8

– thereof expected to be recognized in more than 12 months

2.0

1.6