Our 2020 fiscal year was overshadowed by the COVID-19 pandemic, which had a number of severe effects for the construction and automotive sectors. Despite this difficult environment, we were nonetheless able to achieve record results.
Sales in local currencies increased by 3.4% to CHF 7,877.5 million. Due to negative currency effects, this equates to a slight decline in sales in Swiss francs of –2.9% compared to the prior year. Operating profit (EBIT) recorded an over-proportional rise of 7.1% to CHF 1,130.5 million – which represents a new record result. In keeping with this development, new records were also set for net profit at CHF 825.1 million (year-onyear rise of 8.8%), and for operating free cash flow at CHF 1,259.4 million (year-onyear rise of 22.7%).