Net debt
At the end of 2023, net liquidity amounted to CHF 23.9 million (previous year: CHF 140.1 million). Compared with the previous year, this equates to a significant 82.9 per cent reduction. In addition to the interim dividend paid by JobCloud to Ringier in the amount of CHF 20.0 million, the acquisition of Clear Channel Schweiz was the main driver. The acquisition resulted in a significant increase in liabilities from leases totalling CHF 74.4 million, as well as a net CHF 85.0 million reduction in cash and cash equivalents in order to pay the purchase price. With net liquidity being positive, no debt factor can be calculated.
| in CHF mn | 31.12.2023 | 31.12.2022 | Change | |||||
|---|---|---|---|---|---|---|---|---|
| Current financial liabilities | 57.7 | 30.0 | 92.5% | |||||
| of which financial liabilities from leases | 56.5 | 29.3 | 93.0% | |||||
| Non-current financial liabilities | 205.6 | 146.2 | 40.6% | |||||
| of which financial liabilities from leases | 182.1 | 135.0 | 34.9% | |||||
| Cash and cash equivalents | 287.2 | 316.3 | –9.2% | |||||
| Net liquidity / (net debt) 1 | 23.9 | 140.1 | –82.9% | |||||
| Cash flow from / (used in) operating activities | 197.8 | 110.1 | 79.7% | |||||
| 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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