date:Mar 27, 2014
rms, other operating expenses grew by 4.6 % to CHF 420 million (2012: CHF 402 million). Due to the gains from the disposal of fixed assets year-on-year, other operating income was only around half the level of that in the prior year at just under CHF 10 million (2012: approx. CHF 20 million).
As a result, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 3.2 % to CHF 280 million (2012: CHF 271 million). By contrast, the EBITDA margin fell from 9.1 % to 8.5 %.
Depr