Integrated Annual Report

Our 2022 financial performance
Full year Group sales were CHF 7,117 million, an increase of 5.3% on a like-for-like (LFL) basis and 6.5% in Swiss francs when compared to 2021. The good growth was achieved across product segments and geographies, with the mature markets growing at 1.9% and the high growth markets at 9.9% on a like-for-like basis.

Our 2022 sustainable performance
Our intention is to deliver growth in partnership with our customers, achieve ambitious financial targets through the creation of inspiring products that support happier, healthier lives, all while making progress on our longer-term purpose ambitions in the areas of creations, nature, people and communities.

Governance
A good governance system supported by responsible management and effective supervision is essential for the continued creation of shared value.

Compensation
Our compensation policies are an essential component of our employee value proposition and a key driver of both individual and business performance.