Income Statement Bell Food Group AG

Equities

BELL

CH0315966322

Food Processing

Market Closed - Swiss Exchange Other stock markets 11:30:37 2026-05-20 am EDT			5-day change	1st Jan Change
181.00 ^CHF	0.00%		+0.78%	-19.02%

Mar. 23	Bell Food Group AG announces Annual dividend, payable on April 28, 2026	CI
Feb. 12	Swiss Market Index Closes Lower; Leonteq Falls	MT

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Published financial data: BELL FOOD GROUP AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	4.15B	4.32B	4.51B	4.73B	4.88B
Total Revenues	4.15B	4.32B	4.51B	4.73B	4.88B
Cost of Goods Sold, Total	2.73B	2.86B	2.97B	3.08B	3.22B
Gross Profit	1.42B	1.46B	1.55B	1.65B	1.66B
Selling General & Admin Expenses, Total	1.03B	1.07B	1.13B	1.21B	1.22B
Depreciation & Amortization - (IS)	129M	128M	137M	148M	218M
Amortization of Goodwill and Intangible Assets - (IS)	33.6M	35.2M	37M	36.2M	35M
Other Operating Expenses	68.4M	62.6M	75M	82.6M	74M
Other Operating Expenses, Total	1.26B	1.29B	1.38B	1.48B	1.54B
Operating Income	163M	163M	165M	167M	118M
Interest Expense, Total	-7.4M	-8.5M	-9.3M	-14.7M	-15.5M
Interest And Investment Income	400K	500K	1.2M	2.3M	600K
Net Interest Expenses	-7M	-8M	-8.1M	-12.4M	-14.9M
Income (Loss) On Equity Invest.	3.8M	4.8M	-700K	400K	700K
Currency Exchange Gains (Loss)	-4M	-5.6M	-3.9M	-1.3M	-4.7M
Other Non Operating Income (Expenses)	-1.2M	-1.1M	-900K	-900K	-1.2M
EBT, Excl. Unusual Items	155M	153M	151M	153M	98.2M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	100K	-300K	-200K	-	-
Asset Writedown	-1M	-	-	-	-
EBT, Incl. Unusual Items	154M	153M	151M	153M	98.2M
Income Tax Expense	26.7M	24.9M	21.4M	28.9M	28.6M
Earnings From Continuing Operations	127M	128M	130M	124M	69.6M
Net Income to Company	127M	128M	130M	124M	69.6M
Minority Interest	-	-	-	-	-
Net Income - (IS)	127M	128M	130M	124M	69.6M
Net Income to Common Incl Extra Items	127M	128M	130M	124M	69.6M
Net Income to Common Excl. Extra Items	127M	128M	130M	124M	69.6M
Per Share Items
Net EPS - Basic	20.31	20.36	20.64	19.71	11.11
Basic EPS - Continuing Operations	20.31	20.36	20.64	19.71	11.11
Basic Weighted Average Shares Outstanding	6.27M	6.28M	6.28M	6.28M	6.27M
Net EPS - Diluted	20.31	20.36	20.64	19.71	11.11
Diluted EPS - Continuing Operations	20.31	20.36	20.64	19.71	11.11
Diluted Weighted Average Shares Outstanding	6.27M	6.28M	6.28M	6.28M	6.27M
Normalized Basic EPS	15.45	15.24	15.05	15.2	9.79
Normalized Diluted EPS	15.45	15.24	15.05	15.2	9.79
Dividend Per Share	7	7	7	7	7
Payout Ratio	31.95	34.35	33.87	35.49	63.07
Supplemental Items
EBITDA	318M	316M	327M	338M	359M
EBITA	189M	188M	190M	190M	141M
EBIT	163M	163M	165M	167M	118M
EBITDAR	365M	364M	376M	386M	409M
Effective Tax Rate - (Ratio)	17.33	16.31	14.17	18.94	29.12
Total Current Taxes	27.6M	25.9M	26.4M	27.6M	25.5M
Total Deferred Taxes	-900K	-1M	-5M	1.3M	3.2M
Normalized Net Income	96.88M	95.62M	94.5M	95.38M	61.38M
Non-Cash Pension Expense	1M	2.3M	2.4M	1.8M	1.3M
Supplemental Operating Expense Items
Advertising Expense	32.5M	33.8M	35.7M	39M	33.7M
Selling and Marketing Expenses	32.5M	33.8M	35.7M	39M	33.7M
Net Rental Expense, Total	46.9M	47.9M	49.3M	48.4M	50.1M
Imputed Operating Lease Interest Expense	3.2M	3.38M	3.21M	5.05M	6.14M
Imputed Operating Lease Depreciation	43.7M	44.52M	46.09M	43.35M	43.96M
Maintenance & Repair Expenses, Total	108M	108M	118M	128M	130M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	185M	316M	426M	171M	126M
Short Term Investments	1.9M	-	-	-	-
Total Cash And Short Term Investments	187M	316M	426M	171M	126M
Accounts Receivable, Total	367M	341M	327M	336M	362M
Other Receivables	60.8M	65.3M	66.2M	65M	69M
Total Receivables	428M	407M	393M	402M	431M
Inventory	444M	509M	490M	529M	534M
Prepaid Expenses	18.6M	19.4M	24.3M	30.3M	35.6M
Other Current Assets, Total	-	-	-	-100K	-
Total Current Assets	1.08B	1.25B	1.33B	1.13B	1.13B
Gross Property Plant And Equipment	2.99B	3B	3.13B	3.24B	3.43B
Accumulated Depreciation	-1.77B	-1.77B	-1.83B	-1.94B	-2.1B
Net Property Plant And Equipment	1.22B	1.22B	1.3B	1.3B	1.33B
Long-term Investments	66.8M	70.7M	69.4M	69.4M	69.9M
Goodwill	162M	138M	111M	89.1M	67.7M
Other Intangibles, Total	54.3M	56.9M	40.8M	37.3M	40.6M
Loans Receivable Long-Term	1.9M	1.4M	1M	900K	4.7M
Deferred Tax Assets Long-Term	-	-	14.9M	14.8M	14.3M
Other Long-Term Assets, Total	215M	324M	406M	555M	539M
Total Assets	2.8B	3.07B	3.27B	3.2B	3.19B
Liabilities
Accounts Payable, Total	220M	261M	242M	253M	243M
Accrued Expenses, Total	52M	56.3M	58.3M	66.5M	64.3M
Short-term Borrowings	4.9M	84.2M	4.1M	6.2M	4.2M
Current Portion of Long-Term Debt	190M	21.8M	200M	300M	160M
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	32M	18.8M	20.1M	23.2M	19.8M
Other Current Liabilities	125M	126M	137M	140M	153M
Total Current Liabilities	624M	568M	662M	789M	644M
Long-Term Debt	673M	954M	1.02B	722M	832M
Long-Term Leases	-	-	-	-	-
Pension & Other Post Retirement Benefits	19.3M	19.9M	20M	20.1M	19.9M
Deferred Tax Liability Non Current	51.8M	50.8M	44.8M	46M	48.6M
Other Non Current Liabilities	16.5M	16.9M	16M	20.8M	29.5M
Total Liabilities	1.38B	1.61B	1.77B	1.6B	1.57B
Common Stock, Total	3.1M	3.1M	3.1M	3.1M	3.1M
Retained Earnings	1.4B	1.51B	1.63B	1.68B	1.72B
Treasury Stock	-2.1M	-2M	-1M	-2.1M	-5.7M
Comprehensive Income and Other	10.2M	-53.4M	-128M	-78.7M	-106M
Total Common Equity	1.41B	1.46B	1.51B	1.6B	1.61B
Minority Interest	200K	200K	200K	200K	200K
Total Equity	1.41B	1.46B	1.51B	1.6B	1.61B
Total Liabilities And Equity	2.8B	3.07B	3.27B	3.2B	3.19B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.28M	6.28M	6.28M	6.28M	6.26M
ECS Total Common Shares Outstanding	6.28M	6.28M	6.28M	6.28M	6.26M
Book Value / Share	225.23	231.96	239.91	254.46	257.75
Tangible Book Value	1.2B	1.26B	1.35B	1.47B	1.51B
Tangible Book Value Per Share	190.74	200.83	215.69	234.33	240.45
Total Debt	868M	1.06B	1.23B	1.03B	996M
Net Debt	680M	744M	802M	857M	870M
Debt Equivalent Oper. Leases	375M	383M	394M	387M	401M
Minority Interest, Total (Incl. Fin. Div)	200K	200K	200K	200K	200K
Equity Method Investments, Total	58M	62.3M	61M	61M	61.6M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	460M	530M	517M	551M	564M
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	1.34B	1.34B	1.38B	1.41B	1.49B
Buildings, Total	-	-	-	-	-
Machinery, Total	1.42B	1.43B	1.5B	1.56B	1.67B
Full Time Employees	8.08K	8.23K	8.45K	8.79K	10.01K
Part Time Employees	3.98K	4.05K	3.89K	4.1K	3.7K
Accumulated Allowance for Doubtful Accounts (Supple)	5.8M	5.4M	5.9M	6.6M	7.3M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	127M	128M	130M	124M	69.6M
Depreciation & Amortization - CF	129M	128M	137M	148M	218M
Amortization of Goodwill and Intangible Assets - (CF)	25.7M	25.3M	25.2M	23.5M	22.4M
Depreciation & Amortization, Total	154M	153M	162M	171M	241M
Amortization of Deferred Charges, Total - (CF)	7.8M	10M	11.8M	12.6M	12.6M
(Gain) Loss From Sale Of Asset	-200K	-2.3M	600K	-300K	700K
(Gain) Loss on Sale of Investments - (CF)	-	100K	200K	-	-11.6M
Asset Writedown & Restructuring Costs	1M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-3.8M	-4.8M	700K	-400K	-700K
Other Operating Activities, Total	6.2M	12.9M	9.2M	-1.9M	17.2M
Change In Accounts Receivable	11.7M	11.7M	-6.5M	-4.5M	-29.5M
Change In Inventories	-30.1M	-80.3M	-3.8M	-29.8M	-18.2M
Change in Unearned Revenues	-	-	-	6M	-
Change in Other Net Operating Assets	19M	13.4M	7.8M	24.7M	-6M
Cash from Operations	294M	241M	312M	301M	275M
Capital Expenditure	-220M	-243M	-319M	-303M	-262M
Sale of Property, Plant, and Equipment	1.8M	4.4M	1.2M	1.9M	2.9M
Cash Acquisitions	-	100K	-	-	-
Divestitures	400K	1.1M	3.3M	600K	33.3M
Sale (Purchase) of Intangible assets	-17.9M	-12.2M	-11.4M	-10M	-9.3M
Investment in Marketable and Equity Securities, Total	-10.4M	-5.2M	-300K	-800K	-4.2M
Other Investing Activities, Total	-100K	-	-	100K	100K
Cash from Investing	-247M	-255M	-326M	-311M	-239M
Short Term Debt Issued, Total	-	64.2M	-	-	48M
Long-Term Debt Issued, Total	-	300M	270M	-	220M
Total Debt Issued	-	364M	270M	-	268M
Short Term Debt Repaid, Total	-900K	-	-102M	-	-
Long-Term Debt Repaid, Total	-	-175M	-	-200M	-300M
Total Debt Repaid	-900K	-175M	-102M	-200M	-300M
Issuance of Common Stock	2M	-	700K	-	-
Repurchase of Common Stock	-	-600K	-	-1.6M	-4.2M
Common Dividends Paid	-40.7M	-43.9M	-43.9M	-43.9M	-43.9M
Common & Preferred Stock Dividends Paid	-40.7M	-43.9M	-43.9M	-43.9M	-43.9M
Other Financing Activities, Total	-	-	-100K	-	-
Cash from Financing	-39.6M	145M	125M	-246M	-80.1M
Foreign Exchange Rate Adjustments	-600K	-1M	-700K	-300K	-200K
Miscellaneous Cash Flow Adjustments	100K	100K	-	600K	-
Net Change in Cash	6.8M	130M	110M	-255M	-44.7M
Supplemental Items
Levered Free Cash Flow	29.8M	-6.7M	-36.21M	-61.64M	3.05M
Unlevered Free Cash Flow	34.42M	-1.39M	-30.4M	-52.45M	12.74M
Change In Net Working Capital	-8.3M	10.9M	-22.8M	27.7M	43.2M
Net Debt Issued / Repaid	-900K	189M	168M	-200M	-32M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.68	3.47	3.24	3.22	2.32
Return on Total Capital	4.52	4.24	3.91	3.89	2.82
Return On Equity %	9.17	8.9	8.7	7.97	4.33
Return on Common Equity	9.17	8.91	8.7	7.97	4.33
Margin Analysis
Gross Profit Margin %	34.28	33.76	34.26	34.81	34
SG&A Margin	24.78	24.76	25.1	25.64	24.88
EBITDA Margin %	7.66	7.32	7.24	7.15	7.35
EBITA Margin %	4.55	4.36	4.21	4.02	2.88
EBIT Margin %	3.94	3.78	3.65	3.53	2.42
Income From Continuing Operations Margin %	3.07	2.96	2.87	2.62	1.42
Net Income Margin %	3.07	2.96	2.87	2.62	1.42
Net Avail. For Common Margin %	3.07	2.96	2.87	2.62	1.42
Normalized Net Income Margin	2.33	2.22	2.09	2.02	1.26
Levered Free Cash Flow Margin	0.72	-0.16	-0.8	-1.3	0.06
Unlevered Free Cash Flow Margin	0.83	-0.03	-0.67	-1.11	0.26
Asset Turnover
Asset Turnover	1.5	1.47	1.42	1.46	1.53
Fixed Assets Turnover	3.47	3.53	3.58	3.64	3.73
Receivables Turnover (Average Receivables)	11.05	12.18	13.51	14.25	13.99
Inventory Turnover (Average Inventory)	6.28	6	5.94	6.05	6.06
Short Term Liquidity
Current Ratio	1.73	2.2	2.02	1.43	1.75
Quick Ratio	0.99	1.27	1.24	0.73	0.86
Operating Cash Flow to Current Liabilities	0.47	0.43	0.47	0.38	0.43
Days Sales Outstanding (Average Receivables)	33.03	29.98	27.03	25.68	26.1
Days Outstanding Inventory (Average Inventory)	58.15	60.83	61.41	60.5	60.2
Average Days Payable Outstanding	28.87	30.01	31.12	29.01	28.03
Cash Conversion Cycle (Average Days)	62.3	60.8	57.31	57.17	58.27
Long Term Solvency
Total Debt/Equity	61.36	72.78	81.47	64.35	61.69
Total Debt / Total Capital	38.03	42.12	44.89	39.16	38.15
LT Debt/Equity	47.57	65.5	67.93	45.19	51.52
Long-Term Debt / Total Capital	29.48	37.91	37.43	27.49	31.86
Total Liabilities / Total Assets	49.47	52.5	53.95	50.01	49.36
EBIT / Interest Expense	22.08	19.16	17.72	11.35	7.63
EBITDA / Interest Expense	42.96	37.15	35.15	22.99	23.16
(EBITDA - Capex) / Interest Expense	13.18	8.56	0.88	2.39	6.26
Total Debt / EBITDA	2.73	3.36	3.76	3.04	2.77
Net Debt / EBITDA	2.14	2.36	2.45	2.54	2.42
Total Debt / (EBITDA - Capex)	8.9	14.56	149.76	29.21	10.27
Net Debt / (EBITDA - Capex)	6.98	10.22	97.84	24.36	8.97
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.29	3.94	4.62	4.74	3.31
Gross Profit, 1 Yr. Growth %	3.71	2.35	6.18	6.41	0.91
EBITDA, 1 Yr. Growth %	3.25	-3.04	0.34	3.4	6.21
EBITA, 1 Yr. Growth %	2.49	-4.42	-4.14	0.16	-26.06
EBIT, 1 Yr. Growth %	3.81	-0.31	1.17	1.21	-29.08
Earnings From Cont. Operations, 1 Yr. Growth %	7.42	0.31	1.41	-4.55	-43.73
Net Income, 1 Yr. Growth %	7.42	0.31	1.41	-4.55	-43.73
Normalized Net Income, 1 Yr. Growth %	4.31	-1.29	-1.18	0.93	-35.65
Diluted EPS Before Extra, 1 Yr. Growth %	7.47	0.25	1.37	-4.53	-43.65
Accounts Receivable, 1 Yr. Growth %	-4.3	-7.08	-4.19	2.87	7.58
Inventory, 1 Yr. Growth %	4.47	14.5	-3.68	8	0.98
Net Property, Plant and Equip., 1 Yr. Growth %	3.85	0.3	6.02	0.02	2.14
Total Assets, 1 Yr. Growth %	1.95	9.55	6.38	-2.38	-0.22
Tangible Book Value, 1 Yr. Growth %	5.83	5.29	4.23	8.57	2.39
Common Equity, 1 Yr. Growth %	3.59	2.98	2.37	5.99	1.06
Cash From Operations, 1 Yr. Growth %	19.31	-17.75	29.12	-3.34	-8.8
Capital Expenditures, 1 Yr. Growth %	2.85	10.25	31.15	-4.99	-13.47
Levered Free Cash Flow, 1 Yr. Growth %	363.81	-122.41	440.48	70.21	-104.95
Unlevered Free Cash Flow, 1 Yr. Growth %	208.05	-104.02	2.09K	72.53	-124.28
Dividend Per Share, 1 Yr. Growth %	7.69	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.71	3.61	4.28	4.68	4.02
Gross Profit, 2 Yr. CAGR %	1.63	3.03	4.25	6.3	3.63
EBITDA, 2 Yr. CAGR %	7.75	1.27	0.18	1.86	4.79
EBITA, 2 Yr. CAGR %	12.17	1	-1.77	-2.01	-13.95
EBIT, 2 Yr. CAGR %	15.4	1.73	0.43	1.19	-15.27
Earnings From Cont. Operations, 2 Yr. CAGR %	60.43	3.81	0.86	-1.62	-26.72
Net Income, 2 Yr. CAGR %	60.27	3.81	0.86	-1.62	-26.72
Normalized Net Income, 2 Yr. CAGR %	20.49	1.47	-1.23	-0.13	-19.41
Diluted EPS Before Extra, 2 Yr. CAGR %	60.33	3.8	0.81	-1.62	-26.65
Accounts Receivable, 2 Yr. CAGR %	-4.53	-5.7	-5.64	-0.72	5.2
Inventory, 2 Yr. CAGR %	2.08	9.37	5.02	2	4.43
Net Property, Plant and Equip., 2 Yr. CAGR %	1.99	2.06	3.12	2.98	1.07
Total Assets, 2 Yr. CAGR %	1.58	5.68	8.16	1.91	-1.31
Tangible Book Value, 2 Yr. CAGR %	7.37	5.56	6.37	6.38	5.43
Common Equity, 2 Yr. CAGR %	4.81	3.29	3.24	4.17	3.5
Cash From Operations, 2 Yr. CAGR %	8.01	-0.94	3.05	11.72	-6.11
Capital Expenditures, 2 Yr. CAGR %	1.04	6.49	20.25	11.63	-9.33
Levered Free Cash Flow, 2 Yr. CAGR %	-13.31	2.12	10.05	203.31	-70.98
Unlevered Free Cash Flow, 2 Yr. CAGR %	-12.62	-64.76	-6.16	514.83	-35.27
Dividend Per Share, 2 Yr. CAGR %	12.82	3.77	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.75	2.45	3.95	4.43	4.22
Gross Profit, 3 Yr. CAGR %	0.86	1.87	4.07	4.97	4.47
EBITDA, 3 Yr. CAGR %	2.3	4.87	2.02	1.24	3.29
EBITA, 3 Yr. CAGR %	2.89	7.78	0.98	-1.13	-10.79
EBIT, 3 Yr. CAGR %	5.11	9.91	1.54	0.69	-10.11
Earnings From Cont. Operations, 3 Yr. CAGR %	10.98	37.19	3	-0.98	-18.34
Net Income, 3 Yr. CAGR %	12.57	37.09	3	-0.98	-18.34
Normalized Net Income, 3 Yr. CAGR %	8.38	12.74	0.58	-0.52	-13.74
Diluted EPS Before Extra, 3 Yr. CAGR %	6.36	37.1	2.98	-1	-18.3
Accounts Receivable, 3 Yr. CAGR %	-4.69	-5.39	-5.2	-2.89	1.97
Inventory, 3 Yr. CAGR %	2.49	6.06	4.83	6	1.66
Net Property, Plant and Equip., 3 Yr. CAGR %	3.25	1.42	3.36	2.07	2.69
Total Assets, 3 Yr. CAGR %	0.97	4.17	6.05	4.52	1.19
Tangible Book Value, 3 Yr. CAGR %	5.58	6.67	6.19	7.1	5.03
Common Equity, 3 Yr. CAGR %	3.12	4.2	3.36	4.15	3.12
Cash From Operations, 3 Yr. CAGR %	-3.21	-1.37	8.21	0.88	4.41
Capital Expenditures, 3 Yr. CAGR %	0.21	4.02	14.14	11.17	2.54
Levered Free Cash Flow, 3 Yr. CAGR %	-42.85	-44.71	77.96	27.27	-23.07
Unlevered Free Cash Flow, 3 Yr. CAGR %	-39.25	-68.66	39.6	14.96	109.39
Dividend Per Share, 3 Yr. CAGR %	8.37	8.37	2.5	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.41	4.05	2.15	3.33	3.98
Gross Profit, 5 Yr. CAGR %	5.38	4.69	2.2	3.62	3.89
EBITDA, 5 Yr. CAGR %	3.24	2.93	1.94	4.3	3.12
EBITA, 5 Yr. CAGR %	1.82	2.09	1.82	4.83	-5.28
EBIT, 5 Yr. CAGR %	1.23	1.73	3.21	6.33	-5.55
Earnings From Cont. Operations, 5 Yr. CAGR %	2.19	1.8	6.82	20.1	-10.11
Net Income, 5 Yr. CAGR %	4.84	3.71	7.73	20.05	-10.11
Normalized Net Income, 5 Yr. CAGR %	4.32	2.39	4.43	7.41	-7.95
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.21	-5.26	4.11	20.05	-10.09
Accounts Receivable, 5 Yr. CAGR %	0.84	-2.02	-5.07	-3.55	-1.17
Inventory, 5 Yr. CAGR %	7.92	7.56	3.49	4.42	4.67
Net Property, Plant and Equip., 5 Yr. CAGR %	6.73	5.2	3.2	2.04	2.44
Total Assets, 5 Yr. CAGR %	5.52	7.93	3.79	3.34	3.04
Tangible Book Value, 5 Yr. CAGR %	10.73	14.95	5.9	7.21	5.89
Common Equity, 5 Yr. CAGR %	9.97	13.18	3.17	4.41	3.41
Cash From Operations, 5 Yr. CAGR %	3.64	8.4	-0.75	3.67	2.24
Capital Expenditures, 5 Yr. CAGR %	12.57	15.86	7.79	7	4.1
Levered Free Cash Flow, 5 Yr. CAGR %	-15.36	-46.72	-25.68	9.22	-13.84
Unlevered Free Cash Flow, 5 Yr. CAGR %	-14.4	-61.39	-27.67	3.07	2.65
Dividend Per Share, 5 Yr. CAGR %	0	-2.64	4.94	4.94	1.49