Annual Report 2021/22
Contents
Profile | 4 |
At a glance | 5 |
Key financials | 6 |
Management report | |
To our shareholders | 8 |
Business model and strategy | 12 |
Divisions | 14 |
Information for investors | 18 |
Corporate governance | |
Basis of the corporate governance report | 21 |
Governance-related events | 21 |
in fiscal year 2021/22 | |
Group structure and significant shareholders | 22 |
Capital structure | 25 |
Board of Directors | 29 |
Executive Committee | 38 |
Compensation, shareholdings and loans | 41 |
Shareholders' participation rights | 42 |
Change-of-control clauses and | 45 |
takeover defenses | |
Auditors | 45 |
Communication policy | 47 |
Blackout periods for trading | 48 |
Compensation report
Introduction | 51 |
Guiding principles | 51 |
Responsibility and procedures for | 52 |
determining compensation | |
Compensation system for | 53 |
the Board of Directors | |
Compensation system for | 54 |
the Executive Committee | |
Compensation of the members of the | 57 |
Board of Directors and Executive Committee | |
for fiscal year 2021/22 | |
Benefits to former members of management | 59 |
Related parties | 59 |
Report of the statutory auditor on the | 60 |
compensation report |
Financial report
Consolidated financial statements of | 62 |
the Schaffner Group | |
Notes to the consolidated | 66 |
financial statements | |
Report of the statutory auditor on the | 90 |
consolidated financial statements | |
Company financial statements of | 94 |
Schaffner Holding AG | |
Notes to the company financial statements | 96 |
Report of the statutory auditor on the | 106 |
company financial statements | |
Addresses | 108 |
3 Annual report 2021/22
Schaffner - MORE POWER TO YOU
The Schaffner Group is a global leader in EMC filter solutions for high-potential industrial markets and electromobility. The Group's portfolio includes EMC filters, electromagnetic components, power quality filters and the related services. Schaffner products protect power electronic systems against inter ference from the electricity grid in industrial applications such as machinery and robotics, in medical technology, building-systems engineering and electrical infrastructure. In electric and hybrid vehicles, Schaffner EMC filters prevent electromagnetic interference in the on-board power electronics and ensure reliable operation. For the automobile industry, Schaffner also develops and manufactures antennas for keyless authentication systems. Headquartered in Switzerland, the Schaffner Group serves its customers through its own engineering, manufacturing, sales and application centers, with presence in Asia, Europe and North America.
4 Annual report 2021/22
At a glance
Order intake | Net sales | ||
174.3 | 158.2 | ||
in CHF million | in CHF million | ||
EBIT | |||
15.4 | 9.7% | ||
in CHF million | of net sales | ||
Net profit | |||
12.6 | 8.0% | ||
in CHF million | of net sales | ||
ROCE1 | Equity ratio | ||
24.4% | 57.8% | ||
1Return on capital employed. | of total assets |
5 Annual report 2021/22
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Schaffner Holding AG published this content on 06 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2022 05:11:03 UTC.