date:Jul 26, 2021
.6 billion) in 2021. Due to high operating leverage related to the strong sales volume growth and cost discipline, the gross margin increased to 43.9 percent in 2021 compared to 42.2 percent in 2020.
The EBITDA increased by 10.2 percent to CHF 809 million (US$877.8 million) from CHF 734 million (US$796.4 million) for the same period in 2020, while the EBITDA margin was 24.0 percent in 2021 compared to 22.8 percent in 2020. On a comparable basis, the EBITDA margin was 24.2 percent in 2021 compa