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Financial performance highlights

In line with our 2020 guidance

Key figures 2016

Key figures
Solid financial performance

For the year ended 31 December, in millions of Swiss francs, except for capital markets and employee data

2016

2015 b

Percentage change

Sales and results

 

 

 

Group sales

4,663

4,396

6.1%

Flavour sales

 2,433

2,300

5.8%

Fragrance sales

 2,230

2,096

6.4%

Like-for-like sales growth

4.2%

2.7%

 

Gross profit

 2,128

 2,030

4.8%

as % of sales

45.6%

46.2%

 

EBITDA a

 1,126

 1,070

5.2%

as % of sales

24.1%

24.3%

 

Operating income

 875

 794

10.2%

as % of sales

18.8%

18.1%

 

Income attributable to equity holders of the parent

 644

 625

3.1%

as % of sales

13.8%

14.2%

 

Balance sheet and cash flows

 

 

 

Operating cash flow

 805

915

(12.0%)

as % of sales

17.3%

20.8%

 

Free cash flow

 597

 720

(17.1%)

as % of sales

12.8%

16.4%

 

Net debt

930

677

37.4%

Leverage ratio

19%

15%

 

Capital markets

 

 

 

Market capitalisation

17,230

16,833

2.4%

Share price as at 31 December

1,866

1,823

2.4%

Cash dividend c

56

54

3.7%

Earnings per share − basic (CHF)

 69.95

 67.89

3.0%

Employees

 

 

 

Number of employees as at 31 December

 10,476

 9,907

5.7%

Lost time injury rate

 0.36

 0.42

(14.3%)

a. EBITDA: Earnings Before Interest (and other financial income (expense), net), Tax, Depreciation and Amortisation.
    This corresponds to operating income before depreciation, amortisation and impairment of long-lived assets.
b. Previous year figures have been restated in accordance with early adoption of IFRS 9.
c. Subject to shareholder approval at the AGM meeting on 23 March 2017.