11Borrowings
|
|
|
2023 |
||||
|
millions of CHF |
|
Non-current borrowings |
|
Current borrowings |
|
Total |
|
Balance as of January 1 |
|
1’043.9 |
|
311.4 |
|
1’355.3 |
|
Cash flow from proceeds |
|
– |
|
17.5 |
|
17.5 |
|
Cash flow for repayments |
|
– |
|
–17.7 |
|
–17.7 |
|
Changes in amortized costs |
|
0.2 |
|
0.1 |
|
0.2 |
|
Currency translation differences |
|
– |
|
–0.5 |
|
–0.5 |
|
Total borrowings as of June 30 |
|
1’044.1 |
|
310.7 |
|
1’354.8 |
|
|
|
2022 |
||||
|
millions of CHF |
|
Non-current borrowings |
|
Current borrowings |
|
Total |
|
Balance as of January 1 |
|
1’164.6 |
|
345.5 |
|
1’510.1 |
|
Cash flow from proceeds |
|
169.6 |
|
1’054.0 |
|
1’223.6 |
|
Cash flow for repayments |
|
–0.0 |
|
–1’376.1 |
|
–1’376.1 |
|
Changes in amortized costs |
|
0.3 |
|
– |
|
0.3 |
|
Reclassifications |
|
–289.9 |
|
289.9 |
|
– |
|
Currency translation differences |
|
–0.8 |
|
–1.8 |
|
–2.6 |
|
Total borrowings as of December 31 |
|
1’043.9 |
|
311.4 |
|
1’355.3 |
The group has a CHF 500 million syndicated credit facility with an original maturity date of December 31, 2026. The facility includes two one-year extension options and a further option to increase the credit facility by CHF 250 million (subject to lenders’ approval). In 2022, the group exercised the first of the two extension options, extending the term of the credit facility partially by one year to December 2027 (for CHF 85 million of the facility, the maturity date remains unchanged). The facility is available for general corporate purposes, including the financing of acquisitions. The facility is subject to financial covenants based on net financial indebtedness and EBITDA, which were adhered to throughout the reporting period. As of June 30, 2023, and December 31, 2022, the syndicated facility was not used.
Outstanding bonds
|
|
|
2023 |
|
2022 |
||||
|
millions of CHF |
|
Amortized costs |
|
Nominal |
|
Amortized costs |
|
Nominal |
|
0.875% 07/2016–07/2026 |
|
125.0 |
|
125.0 |
|
125.0 |
|
125.0 |
|
1.300% 07/2018–07/2023 |
|
290.0 |
|
290.0 |
|
289.9 |
|
290.0 |
|
1.600% 10/2018–10/2024 |
|
249.9 |
|
250.0 |
|
249.9 |
|
250.0 |
|
0.800% 09/2020–09/2025 |
|
299.7 |
|
300.0 |
|
299.6 |
|
300.0 |
|
0.875% 11/2020–11/2027 |
|
199.8 |
|
200.0 |
|
199.7 |
|
200.0 |
|
3.350% 12/2022–11/2026 |
|
169.7 |
|
170.0 |
|
169.6 |
|
170.0 |
|
Total as of June 30 / December 31 |
|
1’334.0 |
|
1’335.0 |
|
1’333.8 |
|
1’335.0 |
|
– thereof non-current |
|
1’044.1 |
|
1’045.0 |
|
1’043.9 |
|
1’045.0 |
|
– thereof current |
|
290.0 |
|
290.0 |
|
289.9 |
|
290.0 |
All outstanding bonds are traded on SIX Swiss Exchange.