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Dottikon Es (DESN) investor relations material
Dottikon Es H2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales increased by 11.2% year-over-year to CHF 428.4 million, driven by higher demand and increased production capacity.
EBITDA rose 5.4% to CHF 148.0 million, while EBIT declined 1.4% to CHF 116.8 million due to higher depreciation and amortization from new plant investments.
Net income decreased by 1.9% to CHF 103.6 million, reflecting margin pressure and increased costs.
No dividend proposed as net income is being reinvested to support ongoing expansion and capacity projects.
Financial highlights
EBITDA margin was 34.6%, down from 36.5% the previous year; EBIT margin fell to 27.3% from 30.7%.
Cash flow from operating activities increased 19.8% to CHF 114.6 million; free cash flow turned positive at CHF 29.3 million.
Equity ratio improved to 77.9% from 73.5% year-over-year.
Cash and equivalents plus financial assets totaled CHF 225.0 million, up from CHF 197.8 million.
Outlook and guidance
Continued high investment planned for 2026/27 to expand production and storage capacity.
Medium-term demand for CDMO services, especially for small molecule APIs, expected to remain robust despite market headwinds.
New production and drying plants are being commissioned, with further expansions planned through 2029.
- New capacity is set to restore sales growth after a margin-pressured FY23/24.DESN
H2 23/24 - Net sales and profitability surged, with robust cash flow and continued investment in new capacity.DESN
H1 25/26 - Net sales rose 2.9% while profits fell; new API plants are set to drive resumed growth.DESN
H1 24/25 - Sales and profit surged on new capacity, with further growth and investment planned.DESN
H2 24/25
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