TextileFuture

Q3 Performance

Group order intake decreased by 25.8% to CHF 567 million, attributed to weak demand in Polymer

Processing Solutions. Sales decreased by 15.9% to CHF 623 million. At constant exchange rates,

Group sales decreased by 10.9%.

Operational EBITDA for the third quarter decreased by 23.3% to CHF 98 million, and the operational

EBITDA margin was 15.7%. The margins are attributed to the lower demand in Polymer Processing

Solutions, higher input costs and currency impacts. Q3 operational EBIT was CHF 44 million, or 7.1%

of sales (Q3 2022: CHF 75 million; 10.0%).

Group Q3 unadjusted EBITDA was CHF 95 million, or 15.3% of sales (Q3 2022: CHF 126 million,

16.9%), and EBIT was CHF 41 million, or 6.6% (Q3 2022: CHF 73 million, 9.8%). The reconciliation of

the operational and unadjusted figures can be seen in the tables below.

Table I: Reconciliation of Q3 2023 and 9M 2023 operational EBITDA and EBITDA1

In CHF million Q3 2023 Q3 2022 9M 2023 9M 2022

Operational EBITDA 98 127 324 376

Income/expenses related to restructuring 0 0 0 0

Expenses related to discontinued activities2 -1 -1 -2 -7

Expenses related to acquisition and integration costs -1 -1 -2 -6

EBITDA 95 126 319 363

Table II: Reconciliation of Q3 2023 and 9M 2023 operational EBIT and EBIT1

In CHF million Q3 2023 Q3 2022 9M 2023 9M 2022

Operational EBIT 44 75 162 213

Income/expenses related to restructuring 0 0 0 0

Impairment charges 0 0 0 0

Expenses related to discontinued activities2 -2 -2 -5 -9

Expenses related to acquisition and integration costs -1 -1 -2 -6

EBIT 41 73 155 198

1 All amounts (including totals and subtotals) have been rounded according to normal commercial practice. Thus, adding up the

figures presented may result in rounding differences. 2 Includes costs from discontinued operations (Russia and inline ePD).

Q3 2022 and 9M 2022 restated due to the termination of the inline ePD business.

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