Half-year report 2026

Our key figures

Our revenue was CHF 214.4 million, a decrease of 1.6% (-4.9% nominal), compared with H1 2025. We delivered an adjusted EBITDA margin of 20.3% and free cash flow of CHF 12.0 million.

Share of revenue by business unit

H1 2026

Share of revenue by business unit

H1 2025

Key figures

January 1 – June 30

millions of CHF

2026

% of revenue

+/–% change

2025

% of revenue

Revenue

214.4

100.0%

–4.9%

225.4

100.0%

Organic revenue growth 1)

–1.6%

Gross profit

81.1

37.8%

–1.7%

82.5

36.6%

Operating income (EBIT)

10.6

4.9%

–32.9%

15.7

7.0%

EBITDA

38.0

17.7%

–9.3%

41.9

18.6%

Adjusted EBITDA

43.5

20.3%

–3.0%

44.9

19.9%

Net income

0.8

0.4%

–88.3%

6.9

3.1%

Free cash flow (FCF)

12.0

4.6%

11.4

Operating net cash flow (ONCF)

19.4

27.2%

15.3

Capital expenditure, net (capex, net)

10.0

–44.2%

17.9

Net debt as of June 30 / December 31

208.2

–3.8%

216.5

Net debt adjusted EBITDA ratio as of June 30 / December 31 2)

2.36

–2.3%

2.41

Employees (number of full-time equivalents) as of June 30 / December 31

2,587

0.5%

2,574

1)Adjusted for currency effects.

2)Adjusted for the last 12 months.

Our Key figures

CHF214.4m

revenue in H1 2026

20.3%

adjusted EBITDA margin

CHF12.0m

free cash flow generated in H1 2026

Financial review section