FRAISA Annual Report 21/22

1 Of the balance sheet total under Swiss GAAP FER 2 Of the turnover under Swiss GAAP FER 3 Adjusted for exchange rate fluctuations 4 Compared to the previous year TURNOVER DEVELOPMENT +17.8 % 4 +17.8 % 3, 4 TURNOVER DEVELOPMENT ANNUAL REPORT 2021 / 2022 I KEY FIGURES PROFIT 12.7 % 2 The positive trend of the previous year’s fourth quarter contin- ued into the new financial year. Daily turnover rose and ap- proached the pre-crisis level. During the budgeting phase we still assumed a few months of short-time work, but we were able to end it early. In fact, we had to temporarily resort to overtime to increase capacity in order to meet the increased demand. Even the further COVID-19 waves hardly affected our turnover. So we were able to conclude the financial year with a turnover level significantly over the budgeted value and 17.8% above the previous year. This puts our turnover at a level above what we had before the crisis. Good preparation for challenges Supply chains presented a challenge because lockdowns pre- vented some suppliers from meeting their commitments. Stockpiling and a multi-supplier strategy prepared us well for this situation. Although this forced us to accept higher pur- chase prices, few production delays resulted. Due to long-term contracts, higher energy prices have had little effect in the cur- rent financial year but they will significantly affect several sub- sidiaries in the next financial year. Operational costs were kept low due to the continuing reduc- tion in travel and canceled trade fairs. The digital implementa- tion of our customer trainings and product launches was well received and moved the digital revolution (often called digi- talization in Europe) another step forward in our product and service offerings. We were likewise able to move forward with production automation and, at our Bellach site, we implement- ed further steps for our future production layout. In terms of EBITDA, we were very happy to achieve 22.7% of turnover. Profit after taxes was 13.3 million CHF, the second highest amount in the history of FRAISA. Correspondingly, the first budget for the next financial year is positive. But the cur- rent global political upheavals indicate that further challenges lie in store for us. Company, goals, and business trend An overview of the FRAISA financial year [ 9 ]