Net debt
At the end of 2022, net liquidity amounted to CHF 140.1 million (previous year: CHF 302.8 million). Compared with the previous year, this equates to a 54 per cent decline. The main driver was the significant increase in lease liabilities by a total of CHF 109.0 million. The increase is solely due to the additional leasing of analogue and digital advertising spaces at Neo Advertising. Furthermore, the investment of time deposits (CHF 70.0 million) and the resumption of dividend payments (CHF 78.4 million) had a reducing effect. With net liquidity being positive, no debt factor can be calculated.
| in CHF mn | 2022 | 2021 | Change | |||||
|---|---|---|---|---|---|---|---|---|
| Current financial liabilities | 30.0 | 19.9 | 50.6% | |||||
| of which financial liabilities from leases | 29.3 | 13.8 | 111.9% | |||||
| Non-current financial liabilities | 146.2 | 113.7 | 28.6% | |||||
| of which financial liabilities from leases | 135.0 | 41.4 | 225.8% | |||||
| Cash and cash equivalents | 316.3 | 436.5 | –27.5% | |||||
| Net liquidity / (net debt) 1 | 140.1 | 302.8 | –53.7% | |||||
| Cash flow from / (used in) operating activities | 110.1 | 160.6 | –31.4% | |||||
| Debt factor 2 | x | – | – | n.a. | ||||
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1 Current and non-current financial liabilities less cash and cash equivalents.
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2 Net debt to cash flow from / (used in) operating activities
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