In many areas within the Elma Group, the financial reporting includes the use of alternative performance measures (APMs) which are not defined in the Swiss GAAP ARRs. These APMs should not be viewed in isolation or as a substitute for other reporting metrics, but should be regarded as supplementing those financial key performance indicators whose use is specified in the Swiss GAAP ARRs.
In accordance with the SIX Swiss Exchange’s Directive on the Use of Alternative Performance Measures of March 20, 2018 with entry into effect on January 1, 2019, the APMs used by the Elma Group are explained as follows:
Order Income
The order income includes deliveries within the next six months. Call orders are only disclosed if the partial delivery is scheduled within the next six months
EBITDA
Earnings before Interest, Income Taxes as well as Depreciation and Amortization on fixed assets and intangible assets
EBITA
Earnings before Interest, Income Taxes and Amortization on intangible assets
EBIT
Operating result, i.e. net sales less cost of goods sold, sales and administrative expenses as well as other operating expenses plus other operating income before financial result, non-operating result and income taxes
ROE (Return on Equity)
Return on equity, i.e. net profit divided by the average equity
Net debts
Short-term and long-term interest-bearing financial liabilities minus cash
Free Cash Flow
Cash flow from operating activities minus cash flow from investing activities
ROCE (Return on capital employed)
EBIT/(capital employed [=total assets - current liabilities]) in%
Net debts ratio
Net financial debts /EBITDA
Adjusted for currency effects
Order income and net sales are also shown adjusted for currency effects. Foreign currency effects are adjusted by converting orders and net sales for the current reporting period using the average exchange rates for the same period in the previous year
Stock market capitalization
The stock market capitalization is equivalent to the share closing price, multiplied by the number of shares on the reporting date
Elma – Your Solution Partner.
This claim is recognized worldwide, as we offer the products and services of our three strategic product lines through ten local Group companies, spread across the regions Americas, Europe and Asia. We aim to improve results significantly in the medium-term and achieve an organic growth each year. Through selective acquisitions we exploit additional growth potential. Our corporate strategy focuses on five key elements:
Expand our market share.
We intensify our market activities and develop strategies to win more customers in new market segments for our three strategic product lines Systems Solutions, Enclosures & Components and Rotary Switches.
Sell all product lines in our three regions.
Our system solutions are often based on the component business. We sell our products through our regional subsidiaries, strategic partners and distributors worldwide.
Regional production.
With production sites in the three regions, we can quickly respond to the needs of our customers. In addition, they provide us extensive protection against the consequences of significant currency fluctuations (“natural hedging”).
Operational Excellence.
By constantly upgrading our production sites, optimizing core processes, investing in digitalization and automation, Elma strives for "Operational Excellence". The focus is on customers and their needs.
Develop and expand the systems business from level 3 selectively to level 4 and expand the customer base and design-ins for the Rotary Switches business.
We focus on advanced technical components and system solutions and on expanding the system integration business in all three regions. We expand our product range with small form factor products in the electronic packaging. In the Rotary Switches product line, we supplement our business activities and solutions for human-machine interface applications.