Lindt & Sprüngli distributes sweets | the company’s consumption

share

Security representing a share in the capital of a public company. This ensures the owner membership rights (the right to vote and the right to vote at the general meeting) and ownership (right to a share in the profit, share in capital increases or in the liquidation result).

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share buyback

Companies can buy own shares if an amount corresponding to the purchase price is available as freely available reserves, and the total nominal value of the purchased shares does not exceed 10% of the share capital. Considered an anti-takeover measure in accordance with good corporate governance.

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shareholder value

The management and board of directors responsible for an AG strive to maximize shareholder value in order to continually increase the value of the company for shareholders.

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stock Exchange

Regular market organized according to fixed customs. Depending on the traded goods, you speak z. B. from securities, securities, foreign exchange, commodity exchanges or exchanges for derivative instruments (futures exchanges).

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exchange time

On SIX, it is divided into the pre-opening (06.00 to 09.00), the opening (8.30 Confederation bonds, 9.30 other bonds, 9.00 stocks, 9.15 derivatives and ETF) and ongoing trading (opening until 5.30 or 17.00 for bonds) and 17.15 for derivatives) . After-hours trading lasts from the close of trading until

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Manager

Anglo-Saxon acronym for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, which together make up the Executive Board.

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cash flow

Usually generated cash flow from a company’s operating activities. Extraordinary expenses and income should be excluded from the cash flow calculation, as should extreme changes in the formation or release of hidden reserves.

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EBIT

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating profit show the operational earning power better than the published net profit. Apart from operational reasons, this can vary widely depending on the accounting standard, the contribution of the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and included in net profit as a result of discontinued operations. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.

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inflation

Price increase or currency depreciation. The change is indicated as the inflation rate. Often causes central banks to pursue a restrictive monetary policy (high key interest rates), which weighs on stocks and bonds. Opposite: disinflation, deflation.

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price-earnings ratio

Share price in relation to earned or expected earnings per dividend bearing share. The stock valuation ratio indicates how many times the earnings per share is included in the share price. P/E can be used to compare different stocks within an industry.

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the margin

1. The difference between a bank’s lending and borrowing rates (interest margin). 2. The difference between the offer price and the offer price of a security (bid-offer spread). 3. Cash margin (initial margin, variation margin) in futures or CDF (security margin). 4. Earnings (usually operational) in relation to sales (return on sales, RoS).

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hp

Security embodying a share in a company’s share capital. PS issued in the name or bearer are issued as shares against deposits. PS includes certain legally guaranteed minimum rights (notably property rights), but no voting rights. The most important example in Switzerland: Lindt & Sprüngli.

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certificate of participation

Security embodying a share in a company’s share capital. PS issued in the name or bearer are issued as shares against deposits. PS includes certain legally guaranteed minimum rights (notably property rights), but no voting rights. The most important example in Switzerland: Lindt & Sprüngli.

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raw material

Is usually standardized and traded on a forward basis (cf. futures). The palette ranges from precious metals to base metals, grains and oilseeds, soft raw materials, meat and milk to energy.

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