Key figures at a glance
2017 | * | 2016 | * | Change | ||||
Group | ||||||||
Total sales2 | CHF million | 603.4 | 671.7 | –10.2 | ||||
Operating profit (EBIT) incl. revaluation gains | CHF million | 187.5 | 265.6 | –29.4 | ||||
Net profit incl. revaluation effect | CHF million | 129.2 | 173.6 | –25.6 | ||||
Operating profit (EBIT) excl. revaluation gains | CHF million | 165.7 | 180.6 | –8.3 | ||||
Net profit excl. revaluation effect | CHF million | 113.3 | 112.2 | +1.0 | ||||
Cash flow | CHF million | 172.2 | 246.7 | –36.1 | ||||
Return on equity incl. revaluation effect | % | 6.0 | 8.5 | –2.5 | ||||
Return on equity excl. revaluation effect | % | 5.9 | 5.9 | – | ||||
Equity ratio on cut-off date | % | 49.3 | 52.3 | –3.0 | ||||
Net gearing on cut-off date3 | % | 87.2 | 75.7 | +11.5 | ||||
Average duration of financial liability | % | 1.53 | 1.67 | –0.14 | ||||
Average interest rate on financial liabilities on cut-off date | months | 49 | 36 | +13 | ||||
Sales Projects & Development division | CHF million | 420.0 | 493.7 | –14.9 | ||||
Earnings from Projects & Development division4 | CHF million | 66.7 | 84.0 | –20.6 | ||||
Operating margin Projects & Development division5 | % | 31.6 | 41.0 | –9.4 | ||||
Employees on cut-off date | full-time equivalents | 259 | 276 | –17 | ||||
Allreal Holding AG | ||||||||
Net profit | CHF million | 41.0 | 41.7 | –1.7 | ||||
Share capital | CHF million | 797.1 | 797.1 | – | ||||
Share | ||||||||
Earnings per share incl. revaluation effect | CHF | 8.11 | 10.90 | –25.6 | ||||
Earnings per share excl. revaluation effect | CHF | 7.11 | 7.04 | +1.0 | ||||
Net asset value (NAV) per share before deferred tax on cut-off date | CHF | 146.45 | 140.90 | +3.9 | ||||
Net asset value (NAV) per share after deferred tax on cut-off date | CHF | 135.15 | 131.00 | +3.2 | ||||
Profit distribution per share6 | CHF | 6.25 | 5.75 | +8.7 | ||||
Share price on cut-off date | CHF | 164.80 | 151.30 | +8.9 | ||||
Dividend/Profit distribution yield7 | % | 3.8 | 3.8 | – | ||||
Valuation on cut-off date | ||||||||
Market capitalisation8 | CHF million | 2 622.5 | 2 410.3 | +8.8 | ||||
Enterprise value9 | CHF million | 4 497.4 | 3 989.6 | +12.7 |
* Should no further particulars be given, values referring to the income statement concern the full year and balance sheet value the cut-off dates 31.12.2017 resp. 31.12.2016
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 Income from realisation in Projects & Development, Sales Development, capitalised company-produced assets 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 (balance of operating income, direct operating expenses and capitalised company-produced)
6 Board of directors proposal of CHF 6.25 per share for the 2017 financial year in the form of a nominal value reduction
7 Yield corresponds to the distribution per share in percent of the market price on the cut-off date
8 Stock price at balance sheet date multiplied by the number of outstanding shares
9 Market capitalisation plus net finance debtsn