Interim condensed consolidated statement of cash flows

For the six months ended 30 June
in CHF 1,000	Note	2024	2023

Profit for the period		27,947	33,770

Adjustments for:
Depreciation and amortisation		36,285	32,447
Total finance result, net		–4,253	5,815
Share of result of associated companies		–	46
Income tax expense		22,192	19,286
Other non-cash items		5,967	–10,084
Change in trade receivables		–888,522	–694,432
Change in other receivables, prepayments and contract assets		–195,968	–20,560
Change in trade and other payables		714,401	376,113
Change in accrued expenses and contract liabilities		7,980	–256
Change in provisions		–6,198	–10,384
Income taxes paid		–15,124	–18,124

Net cash generated from/(used in) operating activities		–295,293	–286,363
Purchases of tangible and intangible assets		–32,699	–26,671
Proceeds from sale of tangible and intangible assets		7	43
Receipts from swap contracts		10,114	–
Loan repayments received		28	719
Interest received		2,276	743
Acquisition of businesses (net of cash acquired)		–5,264	–5,906

Net cash from/(used) in investing activities		–25,538	–31,072
Proceeds from financial liabilities		4,532,014	2,906,705
Repayments of financial liabilities		–4,252,364	–2,623,821
Payment of contingent consideration liabilities	4	–555	–2,234
Repurchase of treasury shares under share buyback		–16,181	–3,101
Proceeds from sale of treasury shares		941	982
Interest paid		–11,893	–7,056
Dividends paid to owners of the parent	7	–55,241	–54,315

Net cash from/(used in) financing activities		196,721	217,160

Net (decrease)/increase in cash and cash equivalents		–124,110	–100,275
Cash and cash equivalents at beginning of period		267,389	325,791
Net foreign exchange difference on cash and cash equivalents		2,961	–2,268

Cash and cash equivalents at end of period		146,240	223,248