{"id":8041,"date":"2026-04-08T13:16:27","date_gmt":"2026-04-08T13:16:27","guid":{"rendered":"https:\/\/www.cmsa.ch\/?page_id=8041"},"modified":"2026-04-09T07:14:27","modified_gmt":"2026-04-09T07:14:27","slug":"jahresbericht","status":"publish","type":"page","link":"https:\/\/www.cmsa.ch\/de\/jahresbericht\/","title":{"rendered":"Zusammenfassung"},"content":{"rendered":"<style>.gsbp-87d3b9a{display:flex;justify-content:center;flex-direction:column;align-items:center;padding-right:0;padding-left:0;padding-top:var(--wp--custom--spacing--top,0px);padding-bottom:var(--wp--custom--spacing--bottom,0px);margin-top:0;margin-bottom:0;position:relative;overflow:clip}.gsbp-481e73c{max-width:100%;width:var(--wp--style--global--wide-size);padding-left:var(--variable-small-section-spacing);padding-right:var(--variable-small-section-spacing);display:flex;flex-direction:row;column-gap:var(--variable-small-section-spacing);row-gap:var(--variable-small-section-spacing);align-items:flex-end;flex-wrap:wrap}.gsbp-481e73c>:not(style):nth-of-type(2n+1){width:calc(50% - (var(--variable-small-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-481e73c>:not(style):nth-of-type(2n+1){width:100%}}@media (max-width:575.98px){.gsbp-481e73c>:not(style):nth-of-type(2n+1){width:100%}}.gsbp-481e73c>:not(style):nth-of-type(2n+2){width:calc(50% - (var(--variable-small-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-481e73c>:not(style):nth-of-type(2n+2){width:100%}}@media (max-width:575.98px){.gsbp-481e73c>:not(style):nth-of-type(2n+2){width:100%}}.intro-section .intro__pre-head{color:var(--wp--preset--color--primary,#e3001a);font-family:EuclidCircularAMedium;font-size:var(--wp--preset--font-size--custom-8,16px);line-height:normal;margin-bottom:1rem}.intro-section .intro__heading{font-size:var(--wp--preset--font-size--custom-7,16px);line-height:normal;margin-bottom:var(--spacing-l)}.intro-section .intro__lede{font-size:var(--wp--preset--font-size--custom-1,16px);line-height:132%}.gsbp-9da96e1{padding-top:var(--small-section-spacing);padding-bottom:var(--small-section-spacing)}.member-content{display:flex;flex-direction:row;justify-content:space-between;align-items:flex-end}.member-content .member-content__signature-content{padding:3rem 1.5rem;display:flex;flex-direction:column;align-items:center;text-align:center;flex-grow:1;min-width:14rem}.member-content .member-content__signature{margin-top:0;margin-bottom:1rem;max-width:14rem}.member-content .member-content__name{font-family:EuclidCircularABold}.member-content .member-content__name,.member-content .member-content__position{font-size:var(--wp--preset--font-size--custom-2,16px)}.member-content .member-content__member-image{max-width:calc(100% - 14rem)}.gsbp-a62daeb{vertical-align:bottom}<\/style><style>.gsbp-87d3b9a{display:flex;justify-content:center;flex-direction:column;align-items:center;padding-right:0;padding-left:0;padding-top:var(--wp--custom--spacing--top,0px);padding-bottom:var(--wp--custom--spacing--bottom,0px);margin-top:0;margin-bottom:0;position:relative;overflow:clip}.gsbp-481e73c{max-width:100%;width:var(--wp--style--global--wide-size);padding-left:var(--variable-small-section-spacing);padding-right:var(--variable-small-section-spacing);display:flex;flex-direction:row;column-gap:var(--variable-small-section-spacing);row-gap:var(--variable-small-section-spacing);align-items:flex-end;flex-wrap:wrap}.gsbp-481e73c>:not(style):nth-of-type(2n+1){width:calc(50% - (var(--variable-small-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-481e73c>:not(style):nth-of-type(2n+1){width:100%}}@media (max-width:575.98px){.gsbp-481e73c>:not(style):nth-of-type(2n+1){width:100%}}.gsbp-481e73c>:not(style):nth-of-type(2n+2){width:calc(50% - (var(--variable-small-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-481e73c>:not(style):nth-of-type(2n+2){width:100%}}@media (max-width:575.98px){.gsbp-481e73c>:not(style):nth-of-type(2n+2){width:100%}}.intro-section .intro__pre-head{color:var(--wp--preset--color--primary,#e3001a);font-family:EuclidCircularAMedium;font-size:var(--wp--preset--font-size--custom-8,16px);line-height:normal;margin-bottom:1rem}.intro-section .intro__heading{font-size:var(--wp--preset--font-size--custom-7,16px);line-height:normal;margin-bottom:var(--spacing-l)}.intro-section .intro__lede{font-size:var(--wp--preset--font-size--custom-1,16px);line-height:132%}.gsbp-9da96e1{padding-top:var(--small-section-spacing);padding-bottom:var(--small-section-spacing)}.member-content{display:flex;flex-direction:row;justify-content:space-between;align-items:flex-end}.member-content .member-content__signature-content{padding:3rem 1.5rem;display:flex;flex-direction:column;align-items:center;text-align:center;flex-grow:1;min-width:14rem}.member-content .member-content__signature{margin-top:0;margin-bottom:1rem;max-width:14rem}.member-content .member-content__name{font-family:EuclidCircularABold}.member-content .member-content__name,.member-content .member-content__position{font-size:var(--wp--preset--font-size--custom-2,16px)}.member-content .member-content__member-image{max-width:calc(100% - 14rem)}.gsbp-a62daeb{vertical-align:bottom}<\/style>\n<section class=\"gsbp-87d3b9a alignfull\" data-type=\"section-component\">\n<div class=\"greybg-rad-tr gsbp-481e73c\" data-type=\"content-area-component\">\n<div class=\"intro-section gsbp-9da96e1\">\n<p class=\"intro__pre-head wp-block-paragraph\">Willkommen<\/p>\n\n\n\n<h2 class=\"wp-block-heading intro__heading\" id=\"message-from-the-chairman\">Botschaft des Pr\u00e4sidenten<\/h2>\n\n\n\n<p class=\"intro__lede wp-block-paragraph\">Das Jahr 2025 erwies sich f\u00fcr die Uhrenbranche als besonders herausfordernd, da die Branche mit einem deutlichen Abschwung konfrontiert war. Dies f\u00fchrte in Verbindung mit anhaltenden geopolitischen Unsicherheiten, den indirekten Auswirkungen der US-Z\u00f6lle und einem schw\u00e4cheren US-Dollar zu erheblichen Hindernissen. Der R\u00fcckgang in der Uhrenbranche fiel st\u00e4rker aus als urspr\u00fcnglich erwartet. Die Gruppe verzeichnete einen R\u00fcckgang des Nettoumsatzes sowie ein geringeres operatives Ergebnis. Dies f\u00fchrte zu einer schlankeren und agileren Organisationsstruktur, die an die Zukunft von CMSA angepasst ist.<br><br>Trotz der negativen Auswirkungen auf Kosten und Zinsen aufgrund der h\u00f6heren Edelmetallpreise hatte der Anstieg der Edelmetallpreise einen grossen positiven Einfluss auf die Bewertung des Lagers. Diese \u00fcberwiegend buchhalterischen Gewinne erh\u00f6hten das ausgewiesene EBITDA und das Eigenkapital auf mCHF 51.6 bzw. mCHF 237.0.<br><br>Anl\u00e4sslich des 140-j\u00e4hrigen Jubil\u00e4ums und unseres Wandels zu CMSA sind wir unseren Grundwerten und unserer Expertise weiterhin fest verpflichtet. Unser anhaltendes Engagement f\u00fcr zuk\u00fcnftiges Wachstum spiegelt sich in der Entscheidung der CMSA-Gruppe wider, zus\u00e4tzliche Ressourcen f\u00fcr den Aufbau einer agileren, robusteren und nachhaltigeren Basis bereitzustellen. Diese Strategie konzentriert sich auf die Verbesserung unseres Projektportfolios, die Steigerung von Automatisierung und Effizienz sowie die Weiterentwicklung der Kompetenzen und Vielseitigkeit unseres Teams. Diese Bem\u00fchungen sollen sicherstellen, dass wir gut ger\u00fcstet sind, um neue Chancen zu nutzen und langfristiges Wachstum zu sichern.<br><br>Das Team ist sich der bevorstehenden Herausforderungen voll bewusst und weiterhin hoch motiviert, diese anzugehen.<\/p>\n<\/div>\n\n\n\n<div class=\"member-content\">\n<div class=\"member-content__signature-content\">\n<img decoding=\"async\" class=\"member-content__signature\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/03\/fdea34d9d40bb6db633ecc3b0c9e1e90d2df7e51.webp\" alt=\"\" width=\"662\" height=\"502\" loading=\"lazy\"\/>\n\n\n\n<p class=\"member-content__name\">Philippe Milliet<\/p>\n\n\n\n<p class=\"member-content__position\">Pr\u00e4sident des Verwaltungsrats<\/p>\n<\/div>\n\n\n\n<img decoding=\"async\" class=\"member-content__member-image gsbp-a62daeb\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/03\/7b61627827c1921e86119d5943fc6ad829f8c1ff-1.webp\" alt=\"Philippe Milliet\" width=\"748\" height=\"826\" 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img{width:100%;height:100%}.gsbp-050670f{border-top-left-radius:var(--dafault-radius);border-bottom-left-radius:var(--dafault-radius);border-top-right-radius:var(--dafault-radius);border-bottom-right-radius:var(--dafault-radius);box-shadow:var(--card-shadow)}.gsbp-4ecc94d{padding:1.5rem}<\/style>\n<section class=\"gsbp-ce0a22e alignfull\" data-type=\"section-component\">\n<div class=\"gs-slider-root gsbp-c3a1bcf\" data-type=\"content-area-component\">\n<div class=\"gsbp-1534bb3\">\n<div class=\"intro intro-left\">\n<p class=\"intro__pre-heading has-primary-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\">Highlights<\/p>\n\n\n\n<h2 class=\"wp-block-heading intro__title\" id=\"precision-across-industries\">Jahresr\u00fcckblick<\/h2>\n<\/div>\n\n\n\n<div class=\"slider-controls gsbp-246df8e\">\n<svg fill=\"none\" viewBox=\"0 0 19 35\" width=\"19\" height=\"35\" class=\"gs-slider-custom-btn-left\">\n<path xmlns=\"http:\/\/www.w3.org\/2000\/svg\" d=\"M0.96875 16.4688C0.40625 17.0312 0.40625 18.0625 0.96875 18.625L15.9688 33.625C16.5312 34.1875 17.5625 34.1875 18.125 33.625C18.6875 33.0625 18.6875 32.0312 18.125 31.4688L4.15625 17.5L18.125 3.625C18.6875 3.0625 18.6875 2.03125 18.125 1.46875C17.5625 0.90625 16.5312 0.90625 15.9688 1.46875L0.96875 16.4688Z\"\/>\n<\/svg>\n\n\n\n<svg fill=\"none\" viewBox=\"0 0 19 35\" width=\"19\" height=\"35\" class=\"gs-slider-custom-btn-right\">\n<path xmlns=\"http:\/\/www.w3.org\/2000\/svg\" d=\"M18.0312 16.4688C18.5938 17.0312 18.5938 18.0625 18.0312 18.625L3.03125 33.625C2.46875 34.1875 1.4375 34.1875 0.875 33.625C0.3125 33.0625 0.3125 32.0312 0.875 31.4688L14.8438 17.5L0.875 3.625C0.3125 3.0625 0.3125 2.03125 0.875 1.46875C1.4375 0.90625 2.46875 0.90625 3.03125 1.46875L18.0312 16.4688Z\"\/>\n<\/svg>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-greenshift-blocks-swiper gs-swiper gspb_slider-id-gsbp-abd5353\" style=\"position:relative\"><div class=\"gs-swiper-init\" data-slidesperview=\"2.7\" data-slidesperviewmd=\"1.7\" data-slidesperviewsm=\"1.1\" data-slidesperviewxs=\"1.1\" data-spacebetween=\"40\" data-spacebetweenmd=\"40\" data-spacebetweensm=\"40\" data-spacebetweenxs=\"40\" data-speed=\"400\" data-loop=\"false\" data-vertical=\"false\" data-verticalheight=\"500px\" data-autoheight=\"false\" data-grabcursor=\"true\" data-freemode=\"false\" data-centered=\"false\" data-autoplay=\"false\" data-autodelay=\"4000\" data-effect=\"\" data-coverflowshadow=\"false\" data-watchoverflow=\"true\"><div class=\"swiper\">\n<div class=\"swiper-wrapper \">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"swiper-slide gsbp-050670f\"><div class=\"gspb_id-gsbp-3ade34d gspb-dynamic-post-image wp-block-greenshift-blocks-dynamic-post-image\"><img decoding=\"async\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/09\/ae49e17f19acd903ce25e83ef9155dcd5c395b7f-300x200.webp\" loading=\"lazy\" alt=\"Recycling &#038; sustainability\" class=\"\"><\/div>\n\n\n<div class=\"gsbp-4ecc94d\"><div class=\"gspb_id-gsbp-261dae1 gspb-dynamic-post-title wp-block-greenshift-blocks-dynamic-post-title\"><h3 class=\"gspb-dynamic-title-element\">Gesch\u00e4ftsentwicklung<\/h3><\/div>\n\n\n<p class=\"gsbp-cb52ad3\">Anhaltende Abschw\u00e4chung im Uhrenmarkt, insbesondere im hoeheren Preissegment, kombiniert mit geopolitischen Unsicherheiten und W\u00e4hrungseffekten.<\/p>\n\n\n\n<a class=\"primary-btn wp-element-button small-btn\" href=\"https:\/\/www.cmsa.ch\/de\/jahresbericht\/highlights\/\">Mehr entdecken<\/a>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"swiper-slide gsbp-050670f\"><div class=\"gspb_id-gsbp-3ade34d gspb-dynamic-post-image wp-block-greenshift-blocks-dynamic-post-image\"><img decoding=\"async\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/09\/77c21c3f7e3f1148a5e89907350bc0f950fc8093-300x223.webp\" loading=\"lazy\" alt=\"\" class=\"\"><\/div>\n\n\n<div class=\"gsbp-4ecc94d\"><div class=\"gspb_id-gsbp-261dae1 gspb-dynamic-post-title wp-block-greenshift-blocks-dynamic-post-title\"><h3 class=\"gspb-dynamic-title-element\">Organisation der Gruppe<\/h3><\/div>\n\n\n<p class=\"gsbp-cb52ad3\">Verschlankung der Organisation und gesteigerte Agilit\u00e4t durch strukturelle Anpassungen, verst\u00e4rkte Zusammenarbeit zwischen den Standorten sowie die fortlaufende Umsetzung gruppenweiter Initiativen.<\/p>\n\n\n\n<a class=\"primary-btn wp-element-button small-btn\" href=\"https:\/\/www.cmsa.ch\/de\/jahresbericht\/highlights\/\">Mehr entdecken<\/a>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"swiper-slide gsbp-050670f\"><div class=\"gspb_id-gsbp-3ade34d gspb-dynamic-post-image wp-block-greenshift-blocks-dynamic-post-image\"><img decoding=\"async\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/01\/close-up-woman-looking-chip-300x178.webp\" loading=\"lazy\" alt=\"\" class=\"\"><\/div>\n\n\n<div class=\"gsbp-4ecc94d\"><div class=\"gspb_id-gsbp-261dae1 gspb-dynamic-post-title wp-block-greenshift-blocks-dynamic-post-title\"><h3 class=\"gspb-dynamic-title-element\">Aktien und Dividenden<\/h3><\/div>\n\n\n<p class=\"gsbp-cb52ad3\">Das operative Ergebnis 2025 liegt unter dem Vorjahr, wir blicken jedoch zuversichtlich auf die zuk\u00fcnftige Entwicklung.<\/p>\n\n\n\n<a class=\"primary-btn wp-element-button small-btn\" href=\"https:\/\/www.cmsa.ch\/de\/jahresbericht\/highlights\/\">Mehr entdecken<\/a>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/div><div class=\"swiper-pagination\"><\/div><div class=\"swiper-button-prev\"><\/div><div class=\"swiper-button-next\"><\/div><div class=\"swiper-scrollbar\"><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-cb2e5719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-solid\"><a rel=\"\" target=\"\" class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.cmsa.ch\/annual-report\/highlights\/\"><span class=\"btn-text\">Alle Highlights anzeigen<\/span><\/a><\/div>\n<\/div>\n\n\n<style>.gsbp-392d2b6{margin-right:var(--small-section-spacing);}<\/style>\n<div class=\"editor-notice gsbp-392d2b6\"><strong>Editor notice: <\/strong> In the sidebar of this page (Page tab) you can add more Higlights!<\/div>\n<\/div>\n<\/section>\n\n\n<style>.gsbp-0cb1a63,.gsbp-eb4e330{display:flex;align-items:center}.gsbp-0cb1a63{justify-content:center;flex-direction:column;padding-top:var(--wp--custom--spacing--top,0px);padding-bottom:var(--wp--custom--spacing--bottom,0px);margin-top:0;margin-bottom:0;position:relative}.gsbp-eb4e330{max-width:100%;width:var(--wp--style--global--wide-size,1440px);flex-direction:row;column-gap:var(--variable-big-section-spacing);row-gap:var(--variable-small-section-spacing);padding-left:var(--variable-small-section-spacing);padding-right:var(--variable-small-section-spacing);padding-top:var(--small-section-spacing);padding-bottom:var(--small-section-spacing);flex-wrap:wrap}.gsbp-eb4e330>:nth-child(2n+1 of :not(style)){width:calc(50% - (var(--variable-big-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-eb4e330>:nth-child(2n+1 of :not(style)){width:100%}}@media (max-width:575.98px){.gsbp-eb4e330>:nth-child(2n+1 of 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:not(style)){width:100%}}@media (max-width:575.98px){.gsbp-eb4e330>:nth-child(2n+1 of :not(style)){width:100%}}.gsbp-eb4e330>:nth-child(2n+2 of :not(style)){width:calc(50% - (var(--variable-big-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-eb4e330>:nth-child(2n+2 of :not(style)){width:100%}}@media (max-width:575.98px){.gsbp-eb4e330>:nth-child(2n+2 of :not(style)){width:100%}}body .our-values-image-wrapper{overflow:hidden!important;position:sticky!important;top:var(--big-section-spacing)!important}@media (max-width:1139.98px){body .our-values-image-wrapper{padding-top:var(--spacing-l)!important;position:relative!important;top:0!important}}@media (max-width:767.98px){body .our-values-image-wrapper{position:relative!important}}body .our-values-image-wrapper .main-value-image img{mask-image:url(https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/08\/value-pattern.svg)!important;mask-repeat:no-repeat!important;mask-size:contain!important;width:100%!important;aspect-ratio:3\/4!important;object-fit:cover!important;margin-bottom:calc(var(--small-section-spacing)*-1)!important}body .our-values-image-wrapper svg{position:absolute!important;top:-14.5%!important;left:-5%!important;width:100%!important;aspect-ratio:3\/4!important;object-fit:contain!important;fill:var(--wp--preset--color--primary,#e3001a)!important}.gsbp-cfbd6ec{top:var(--big-section-spacing)!important}.figures-wrapper{display:grid;grid-template-columns:repeat(2,minmax(0,1fr));column-gap:var(--small-section-spacing);row-gap:var(--spacing-l)}@media (max-width:575.98px){.figures-wrapper{grid-template-columns:repeat(1,minmax(0,1fr))}}.figures-wrapper .figures-wrapper__figure-item{display:flex;flex-direction:column;column-gap:.25rem;row-gap:.25rem;position:relative}@media (min-width:552px){.figures-wrapper .figures-wrapper__figure-item:nth-child(odd):not(:last-child)::after{content:\"\";height:100%;width:1px;background-color:var(--wp--preset--color--tagcolor,#BFBFC2);position:absolute;top:0;bottom:0;right:calc(var(--spacing-l)*-1)}}.figures-wrapper .figures-wrapper__figure-title{font-size:var(--wp--preset--font-size--custom-8,16px);font-family:EuclidCircularAMedium}.figures-wrapper .figures-wrapper__figure-value{font-size:var(--wp--preset--font-size--custom-5,16px)}.figures-wrapper .figures-wrapper__figure-difference{font-size:var(--wp--preset--font-size--custom-1,16px);line-height:132%}.figures-wrapper .figures-wrapper__figure-difference.positive{color:#37a16a}.figures-wrapper .figures-wrapper__figure-difference.negative{color:var(--wp--preset--color--primary,#e3001a)}.gsbp-c936605{margin-bottom:var(--spacing-l)}<\/style>\n<section class=\"gsbp-0cb1a63 alignfull\" data-type=\"section-component\">\n<div class=\"greybg-rad-tr gsbp-eb4e330\" data-type=\"content-area-component\">\n<div class=\"our-values-image-wrapper gsbp-cfbd6ec\">\n<figure class=\"wp-block-image size-full is-style-no-margin main-value-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1440\" height=\"959\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/10\/CMSA-Holding-SA.webp\" alt=\"CMSA Holding SA\" class=\"wp-image-5851\" srcset=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/10\/CMSA-Holding-SA.webp 1440w, https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/10\/CMSA-Holding-SA-300x200.webp 300w, https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/10\/CMSA-Holding-SA-1024x682.webp 1024w, https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/10\/CMSA-Holding-SA-768x511.webp 768w\" sizes=\"auto, (max-width: 1440px) 100vw, 1440px\" \/><\/figure>\n\n\n\n<svg viewBox=\"0 0 638 851\" class=\"gsbp-73f711b\">\n  <path xmlns=\"http:\/\/www.w3.org\/2000\/svg\" d=\"M322.797 334.411H237.588V469.695C237.588 516.486 275.513 554.411 322.304 554.411H457.588V469.202H322.797V334.411Z\"\/>\n<\/svg>\n<\/div>\n\n\n\n<div>\n<div class=\"intro intro-left gsbp-c936605\">\n<p class=\"intro__pre-heading has-primary-color has-text-color has-link-color wp-elements-2 wp-block-paragraph\">Jahresbericht<\/p>\n\n\n\n<h2 class=\"wp-block-heading intro__title\" id=\"precision-across-industries\"><strong>Kennzahlen 2025<\/strong><\/h2>\n<\/div>\n\n\n\n<div class=\"figures-wrapper\">\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Nettoumsatz<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">mCHF 232.1<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference gsbp-54eb381\">+3.2% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Nettoumsatz ohne Edelmetalle<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">mCHF 125.9<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">-15.2% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">EBITDA (rapportiert)<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">mCHF 51.6<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">+132.0% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">EBITDA (operativ)<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">mCHF 21.7<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">-2.5% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Personalaufwand<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">mCHF 67.8<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">-6.4% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Mitarbeiterzahl<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">665<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">-7.8% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Reingewinn<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">mCHF 22.0<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">+2623% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Dividende<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">CHF 125 \/ Aktie<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">-10.7% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Eigenkapital<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">mCHF 237.0<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">+9.2% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Eigenkapital \/ Aktie\u00a0<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">CHF 16 930<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">+9.2% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Verschuldungsgrad<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">28%<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">-22.7% vs. 2024<\/p>\n<\/div>\n\n\n\n<div class=\"figures-wrapper__figure-item\">\n<p class=\"figures-wrapper__figure-title\">Eigenkapital \/ Aktiva<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-value\">67%<\/p>\n\n\n\n<p class=\"figures-wrapper__figure-difference\">+13.5% vs. 2024<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n<style>.gsbp-c936605{margin-bottom:var(--spacing-l)!important}.gsbp-a71ff56{display:flex;justify-content:center;flex-direction:column;align-items:center;padding-right:0;padding-left:0;padding-top:var(--small-section-spacing);padding-bottom:var(--small-section-spacing);margin-top:0;margin-bottom:0;position:relative}.gsbp-417d035{max-width:100%;width:var(--wp--style--global--wide-size,1440px);padding-left:var(--variable-small-section-spacing);padding-right:var(--variable-small-section-spacing)}.key-events{display:grid!important;grid-template-columns:repeat(3,minmax(0,1fr))!important;column-gap:var(--spacing-l)!important;row-gap:var(--spacing-l)!important}@media (max-width:1139.98px){.key-events{grid-template-columns:repeat(2,minmax(0,1fr))!important}}@media (max-width:767.98px){.key-events{grid-template-columns:repeat(1,minmax(0,1fr))!important}}body .key-events 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svg.gspb_svg_placeholder{max-width:100%}<\/style><style>.gsbp-c936605{margin-bottom:var(--spacing-l)!important}.gsbp-a71ff56{display:flex;justify-content:center;flex-direction:column;align-items:center;padding-right:0;padding-left:0;padding-top:var(--small-section-spacing);padding-bottom:var(--small-section-spacing);margin-top:0;margin-bottom:0;position:relative}.gsbp-417d035{max-width:100%;width:var(--wp--style--global--wide-size,1440px);padding-left:var(--variable-small-section-spacing);padding-right:var(--variable-small-section-spacing)}.key-events{display:grid!important;grid-template-columns:repeat(3,minmax(0,1fr))!important;column-gap:var(--spacing-l)!important;row-gap:var(--spacing-l)!important}@media (max-width:1139.98px){.key-events{grid-template-columns:repeat(2,minmax(0,1fr))!important}}@media (max-width:767.98px){.key-events{grid-template-columns:repeat(1,minmax(0,1fr))!important}}body .key-events .key-events__event-box{display:flex!important;flex-direction:column!important;column-gap:1rem!important;row-gap:1rem!important}body .key-events .key-events__icon img{width:5.75rem!important;aspect-ratio:1\/1!important;object-fit:contain!important}body .key-events .key-events__title{font-size:var(--wp--preset--font-size--custom-4,16px)!important;line-height:162%!important;font-family:EuclidCircularASemiBold!important}body .key-events .key-events__description{font-size:var(--wp--preset--font-size--custom-1,16px)!important;line-height:132%!important}.gspb_id-gsbp-ba0da8d img{vertical-align:top}@media (max-width:1139.98px){.gspb_id-gsbp-ba0da8d img{vertical-align:top}}@media (max-width:767.98px){.gspb_id-gsbp-ba0da8d img{vertical-align:top}}@media (max-width:575.98px){.gspb_id-gsbp-ba0da8d img{vertical-align:top}}.gspb_id-gsbp-ba0da8d img,.gspb_id-gsbp-ba0da8d svg.gspb_svg_placeholder{max-width:100%}<\/style>\n<section class=\"gsbp-a71ff56 alignfull\" data-type=\"section-component\">\n<div class=\"gsbp-417d035\" data-type=\"content-area-component\">\n<div class=\"intro intro-left gsbp-c936605\">\n<p class=\"intro__pre-heading has-primary-color has-text-color has-link-color wp-elements-3 wp-block-paragraph\">Jahresbericht<\/p>\n\n\n\n<h2 class=\"wp-block-heading intro__title\" id=\"precision-across-industries\" style=\"margin-top:0;margin-bottom:0\">Wichtige Ereignisse 2025<\/h2>\n<\/div>\n\n\n\n<div class=\"key-events\">\t\t\t<\/div>\n\n\n\n<div class=\"editor-notice gsbp-392d2b6\"><strong>Editor notice: <\/strong> In the sidebar of this page (Page tab) you can add more Key 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svg.gspb_svg_placeholder{max-width:100%}.gsbp-c936605{max-width:60ch!important}.gsbp-392d2b6{margin-bottom:var(--spacing-l)}<\/style>\n\n<style>.gsbp-7661ea9{display:flex;justify-content:center;flex-direction:column;align-items:center;padding-right:0;padding-left:0;padding-top:var(--wp--custom--spacing--top,0px);padding-bottom:var(--wp--custom--spacing--bottom,0px);margin-top:0;margin-bottom:0;position:relative;overflow:hidden}.gsbp-db07d87{overflow:hidden;width:var(--wp--style--global--wide-size,1440px);max-width:100%}.gsbp-99c977a{max-width:100%!important;width:var(--wp--style--global--wide-size,1440px)!important;padding-top:var(--small-section-spacing)!important;padding-left:var(--variable-small-section-spacing)!important;padding-right:var(--variable-small-section-spacing)!important;z-index:3!important;position:relative!important}.gsbp-b45dd4c{max-width:100%;width:65ch}.gsbp-3a80264{max-width:100%;width:var(--wp--style--global--wide-size,1440px);padding-left:var(--variable-small-section-spacing);padding-right:var(--variable-small-section-spacing);padding-bottom:var(--small-section-spacing);display:flex;flex-direction:row;column-gap:var(--variable-small-section-spacing);row-gap:var(--variable-small-section-spacing);align-items:center;position:relative;z-index:3;flex-wrap:wrap}.gsbp-3a80264>:not(style):nth-of-type(2n+1){width:calc(25% 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- (var(--variable-small-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-3a80264>:not(style):nth-of-type(2n+1){width:100%}}@media (max-width:575.98px){.gsbp-3a80264>:not(style):nth-of-type(2n+1){width:100%}}.gsbp-3a80264>:not(style):nth-of-type(2n+2){width:calc(75% - (var(--variable-small-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-3a80264>:not(style):nth-of-type(2n+2){width:100%}}@media (max-width:575.98px){.gsbp-3a80264>:not(style):nth-of-type(2n+2){width:100%}}body .comments-wrapper{display:flex!important;flex-direction:column!important;column-gap:.5rem!important;row-gap:.5rem!important}.comments-wrapper .comments-wrapper__title{font-family:EuclidCircularAMedium!important;font-size:var(--wp--preset--font-size--custom-8,16px)!important;line-height:normal!important;color:var(--wp--preset--color--primary,#e3001a)!important}.comments-wrapper .comments-wrapper__value{font-family:EuclidCircularABold!important;font-size:var(--wp--preset--font-size--custom-6,16px)!important;line-height:110%!important}.comments-wrapper .comments-wrapper__highlighted-text{font-size:var(--wp--preset--font-size--custom-3,16px)!important;line-height:142%!important}.comments-wrapper .comments-wrapper__text{font-size:var(--wp--preset--font-size--custom-2,16px)!important;line-height:142%!important}<\/style>\n<section class=\"gsbp-7661ea9 alignfull\" data-type=\"section-component\">\n<div class=\"greybg-rad-tr gsbp-db07d87\">\n<div class=\"intro-content gsbp-99c977a\">\n<div class=\"gsbp-b45dd4c\">\n<p class=\"intro-content__pre-head wp-block-paragraph\">Finanzbericht<\/p>\n\n\n\n<h2 class=\"wp-block-heading intro-content__heading\" id=\"consolidated-balance-sheet\" style=\"margin-bottom:2.5rem\"><strong>Wesentliche Finanzkennzahlen<\/strong><\/h2>\n<\/div>\n<\/div>\n\n\n\n<div class=\"gsbp-3a80264\" data-type=\"content-area-component\">\n<div class=\"comments-wrapper\">\n<h3 class=\"comments-wrapper__title\">Umsatzwachstum<\/h3>\n\n\n\n<p class=\"comments-wrapper__value\">+3.2%<\/p>\n\n\n\n<p class=\"comments-wrapper__highlighted-text\">Umsatz vs 2024<\/p>\n\n\n\n<p class=\"comments-wrapper__text\">Wachstum hauptsaechlich getrieben durch steigende Edelmetallpreise<\/p>\n<\/div>\n\n\n\n<div>\n<figure class=\"wp-block-image size-full\" style=\"margin-top:0;margin-bottom:0\"><img loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"434\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/04\/Plan-de-travail-1-2.webp\" alt=\"\" class=\"wp-image-8281\" srcset=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/04\/Plan-de-travail-1-2.webp 770w, https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/04\/Plan-de-travail-1-2-300x169.webp 300w, https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/04\/Plan-de-travail-1-2-768x433.webp 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-cb2e5719 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-solid\"><a class=\"wp-block-button__link wp-element-button\" href=\"\/de\/?page_id=8044\"><span class=\"btn-text\">Finanzbericht entdecken<\/span><\/a><\/div>\n<\/div>\n\n\n<style>.gsbp-f13f549{max-width:100%;width:var(--wp--style--global--wide-size,1440px);padding-left:var(--variable-small-section-spacing);padding-right:var(--variable-small-section-spacing);display:flex;flex-direction:row;column-gap:var(--variable-small-section-spacing);row-gap:var(--spacing-l);align-items:center;flex-wrap:wrap}.gsbp-f13f549>:not(style):nth-of-type(2n+1){width:calc(55% - (var(--variable-small-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-f13f549>:not(style):nth-of-type(2n+1){width:100%}}@media (max-width:575.98px){.gsbp-f13f549>:not(style):nth-of-type(2n+1){width:100%}}.gsbp-f13f549>:not(style):nth-of-type(2n+2){width:calc(45% - (var(--variable-small-section-spacing)*(2 - 1)\/2))}@media (max-width:1139.98px){.gsbp-f13f549>:not(style):nth-of-type(2n+2){width:100%}}@media (max-width:575.98px){.gsbp-f13f549>:not(style):nth-of-type(2n+2){width:100%}}.cascading-media{position:relative;aspect-ratio:5\/4}.cascading-media .cascading-media__decoration-image{width:100%;height:100%;position:absolute;inset:0;object-fit:contain;object-position:center center;background-repeat:no-repeat;background-size:15%;background-position:44.5% 87%;background-image:url(https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/09\/line-top-right.svg)}.cascading-media .cascading-media__big-image img,.cascading-media .cascading-media__small-image img{border-bottom-right-radius:.625rem;border-bottom-left-radius:.625rem;object-fit:cover;position:absolute;box-shadow:var(--wp--preset--shadow--accent,0px 15px 25px 0px rgba(0,0,0,0.1))}.cascading-media .cascading-media__big-image img{aspect-ratio:4\/3;width:80%;border-top-left-radius:.625rem;border-top-right-radius:6.25rem;top:0;left:0}.cascading-media .cascading-media__small-image img{width:50%;border-top-left-radius:6.25rem;border-top-right-radius:.625rem;aspect-ratio:3\/2;right:0;bottom:0}@media (max-width:1139.98px){.intro-content{padding-left:var(--variable-small-section-spacing)!important}}body .intro-content .intro__pre-head{font-size:var(--wp--preset--font-size--custom-8,16px)!important;font-family:EuclidCircularAMedium!important;color:var(--wp--preset--color--primary,#e3001a)!important;margin-bottom:1rem!important}.intro-content .intro__heading{font-size:var(--wp--preset--font-size--custom-6,16px)!important;margin-bottom:1.5rem!important;line-height:normal!important}.intro-content .intro__lede{color:#362e30b3!important;font-size:var(--wp--preset--font-size--custom-1,16px)!important;margin-bottom:var(--spacing-l)!important}.gsbp-0dacec6{padding-top:var(--variable-small-section-spacing)!important;padding-bottom:var(--variable-small-section-spacing)!important;margin-bottom:0!important}@media (max-width:1139.98px){.gsbp-0dacec6{padding-bottom:0!important;padding-left:0!important}}body.gspb-bodyfront .gsbp-0dacec6 a.wp-element-button:not([href]){display:none}.gsbp-e1d6103{display:flex!important;justify-content:center!important;flex-direction:column!important;align-items:center!important;padding-top:var(--variable-small-section-spacing)!important;padding-bottom:var(--variable-small-section-spacing)!important;margin-top:0!important;margin-bottom:0!important;position:relative!important}<\/style>\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<style><\/style><style><\/style><style>.gsbp-103f890{display:flex;justify-content:center;flex-direction:column;align-items:center;padding-right:0;padding-left:0;padding-top:var(--wp--custom--spacing--top,0px);padding-bottom:var(--wp--custom--spacing--bottom,0px);margin-top:0px;margin-bottom:0px;position:relative;overflow:hidden;}<\/style>\n<section class=\"gsbp-103f890 alignfull\" data-type=\"section-component\"><style>.gsbp-6b7e4aa{max-width:100%;width:var(--wp--style--global--wide-size,1440px);padding-left:var(--variable-small-section-spacing);padding-right:var(--variable-small-section-spacing);padding-top:var(--small-section-spacing);padding-bottom:var(--small-section-spacing);}.gsbp-6b7e4aa > *{position:relative;z-index:1;}<\/style>\n<div class=\"greybg-rad-tr gsbp-6b7e4aa\" data-type=\"content-area-component\"><style>.government-intro{max-width:100%;width:70ch;z-index:1;position:relative;}.government-intro .board-lede{font-size:var(--wp--preset--font-size--custom-1,16px);line-height:132%;color:var(--wp--preset--color--inputtext,#5d5758);margin-bottom:var(--spacing-m);}<\/style>\n<div class=\"intro-content government-intro\">\n<p class=\"intro__pre-head wp-block-paragraph\">Governance und Struktur<\/p>\n\n\n\n<h2 id=\"cmsa-group-governanceand-organizational-structure\" class=\"wp-block-heading intro__heading\"><\/h2>\n\n\n\n<p class=\"intro__lede wp-block-paragraph\"><\/p>\n\n\n\n<h3 id=\"board-of-directors\" class=\"wp-block-heading\" style=\"margin-bottom:1.5rem\">Verwaltungsrat<\/h3>\n\n\n\n<p class=\"board-lede wp-block-paragraph\">Per 31. Dezember 2025 setzte sich der Verwaltungsrat (VR) der Gesellschaft aus folgenden Personen zusammen<\/p>\n\n\n<style>.gsbp-4a605f8{border-collapse:collapse;table-layout:auto;}.gsbp-4a605f8 td{padding-top:6px;padding-bottom:6px;padding-right:12px;padding-left:12px;font-size:var(--wp--preset--font-size--custom-1,16px);line-height:132%;text-align:left;border-bottom-width:1px;border-bottom-style:solid;border-bottom-color:var(--wp--preset--color--tagcolor,#bfbfc2);border-top-width:0rem;border-right-width:0rem;border-left-width:0rem;}.gsbp-4a605f8 th{padding-top:6px;padding-bottom:6px;padding-right:12px;padding-left:12px;font-size:var(--wp--preset--font-size--custom-2,16px);line-height:142%;font-family:EuclidCircularABold;text-align:left;border-width:1px;border-bottom-width:1px;border-bottom-style:solid;border-bottom-color:var(--wp--preset--color--tagcolor,#bfbfc2);border-right-width:0rem;border-top-width:0rem;border-left-width:0rem;}@media (max-width:575.98px){.gsbp-4a605f8{display:block;overflow-x:auto;}}.gsbp-4a605f8{width:100%;margin-bottom:4rem;}<\/style>\n<table class=\"gsbp-4a605f8\">\n<tr>\n<th>Verwaltungsrat<\/th>\n\n\n\n<th>Erstwahl<\/th>\n\n\n\n<th>Ende der laufenden Amtsdauer<\/th>\n<\/tr>\n\n\n\n<tr>\n<td>Philippe Milliet, Pr\u00e4sident<\/td>\n\n\n\n<td>2020<\/td>\n\n\n\n<td>2026<\/td>\n<\/tr>\n\n\n\n<tr>\n<td>Carole H\u00fcbscher Clements, Vizepr\u00e4sident<\/td>\n\n\n\n<td>2014<\/td>\n\n\n\n<td>2027<\/td>\n<\/tr>\n\n\n\n<tr>\n<td>Philippe Douchet, Mitglied<\/td>\n\n\n\n<td>2014<\/td>\n\n\n\n<td>2027<\/td>\n<\/tr>\n\n\n\n<tr>\n<td>Olivier Costa de Beauregard, Mitglied<\/td>\n\n\n\n<td>2015<\/td>\n\n\n\n<td>2028<\/td>\n<\/tr>\n\n\n\n<tr>\n<td>Pierre-Fran\u00e7ois Chauvy, Mitglied<\/td>\n\n\n\n<td>2022<\/td>\n\n\n\n<td>2028<\/td>\n<\/tr>\n\n\n\n<tr>\n<td>H\u00e9l\u00e8ne B\u00e9guin, Mitglied<\/td>\n\n\n\n<td>2025<\/td>\n\n\n\n<td>2028<\/td>\n<\/tr>\n<\/table>\n<\/div>\n\n\n<style>.board-members{z-index:1 !important;position:relative !important;display:grid !important;grid-template-columns:repeat(3,minmax(0,1fr)) !important;column-gap:var(--spacing-l) !important;row-gap:var(--spacing-l) !important;margin-bottom:4rem !important;}@media (max-width:1139.98px){.board-members{grid-template-columns:repeat(2,minmax(0,1fr)) !important;}}@media (max-width:575.98px){.board-members{grid-template-columns:repeat(1,minmax(0,1fr)) !important;}}.board-members .board-members__name{font-size:var(--wp--preset--font-size--custom-3,16px) !important;line-height:142% !important;text-align:center !important;margin-bottom:0.25rem !important;}.board-members .board-members__position{font-size:var(--wp--preset--font-size--custom-2,16px) !important;text-align:center !important;opacity:0.7 !important;}.board-members .board-members__image{order:-1 !important;margin-bottom:var(--spacing-m) !important;border-top-left-radius:50vw !important;border-bottom-left-radius:50vw !important;border-top-right-radius:50vw !important;border-bottom-right-radius:50vw !important;aspect-ratio:1\/1 !important;object-fit:cover !important;width:15rem !important;max-width:90% !important;}.board-members .board-members__member-item{display:flex !important;flex-direction:column !important;align-items:center !important;}.board-members .board-members__member-item[data-type=\"Secretary\"]{display:none !important;}<\/style>\n<div class=\"board-members\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\" data-type=\"Chairman of the Board of Directors\">\n<h4 class=\"board-members__name\">Philippe Milliet<\/h4>\n\n\n\n<p class=\"board-members__position\">Chairman of the Board of Directors<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/10\/Philippe-Milliet.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\" data-type=\"Vice-Chairwoman of the Board\">\n<h4 class=\"board-members__name\">Carole H\u00fcbscher Clements<\/h4>\n\n\n\n<p class=\"board-members__position\">Vice-Chairwoman of the Board<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/10\/Carole-Hubscher-Clements.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\" data-type=\"Member of the Board of Directors\">\n<h4 class=\"board-members__name\">Philippe Douchet<\/h4>\n\n\n\n<p class=\"board-members__position\">Member of the Board of Directors<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/03\/CMSA-Portraits-BoD-Philippe-Douchet-e1774947706932.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\" data-type=\"Member of the Board of Directors\">\n<h4 class=\"board-members__name\">Olivier Costa de Beauregard<\/h4>\n\n\n\n<p class=\"board-members__position\">Member of the Board of Directors<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/10\/Olivier-Costa-de-Beauregard.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\" data-type=\"Member of the Board of Directors\">\n<h4 class=\"board-members__name\">Pierre-Fran\u00e7ois Chauvy<\/h4>\n\n\n\n<p class=\"board-members__position\">Member of the Board of Directors<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2025\/10\/Pierre-Francois-Chauvy.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\" data-type=\"Member of the Board of Directors\">\n<h4 class=\"board-members__name\">H\u00e9l\u00e8ne B\u00e9guin<\/h4>\n\n\n\n<p class=\"board-members__position\">Member of the Board of Directors<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/03\/CMSA-Portraits-BoD-Helene-Beguin-e1774947765773.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\n<h3 id=\"management-of-the-cmsa-group\" class=\"wp-block-heading\" style=\"margin-bottom:4rem\">Gesch\u00e4ftsleitung der CMSA Gruppe<\/h3>\n\n\n<style>.gsbp-40e5879{display:grid !important;grid-template-columns:repeat(5,minmax(0,1fr)) !important;}@media (max-width:1139.98px){.gsbp-40e5879{grid-template-columns:repeat(3,minmax(0,1fr)) !important;}}@media (max-width:767.98px){.gsbp-40e5879{grid-template-columns:repeat(2,minmax(0,1fr)) !important;}}@media (max-width:575.98px){.gsbp-40e5879{grid-template-columns:repeat(1,minmax(0,1fr)) !important;}}.gsbp-40e5879 img.board-members__image{width:11.25rem !important;}<\/style>\n<div class=\"board-members gsbp-40e5879\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Philipp von B\u00fcren<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief Executive Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/03\/CMSA-Portraits-Direction-Philipp-von-Buren-e1775047882571.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Philipp von B\u00fcren<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief Executive Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/03\/CMSA-Portraits-Direction-Philipp-von-Buren-e1775047882571.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Marcel Gerber<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief Financial Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/03\/CMSA-Portraits-Direction-Marcel-Gerber-e1775048113566.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Marcel Gerber<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief Financial Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/03\/CMSA-Portraits-Direction-Marcel-Gerber-e1775048113566.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Baanuja Rajakulendran<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief People &#038; Culture Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/01\/Baanuja_Rajakulendran_900x900.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Baanuja Rajakulendran<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief People &#038; Culture Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/01\/Baanuja_Rajakulendran_900x900.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Matthias Walther<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief Quality Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/01\/Matthias_Walther_900x900.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Matthias Walther<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief Quality Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/01\/Matthias_Walther_900x900.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Alexandre Gannac<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief Sales Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/01\/CMSA_Portraits_C-level_Alexandre_Gannac-e1767693894663.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n<div class=\"board-members__member-item\">\n<h4 class=\"board-members__name\">Alexandre Gannac<\/h4>\n\n\n\n<p class=\"board-members__position\">Chief Sales Officer<\/p>\n\n\n\n<img decoding=\"async\" class=\"board-members__image\" src=\"https:\/\/www.cmsa.ch\/wp-content\/uploads\/2026\/01\/CMSA_Portraits_C-level_Alexandre_Gannac-e1767693894663.webp\" loading=\"lazy\"\/>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/div>\n<\/section>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finanzbericht entdecken<\/p>\n","protected":false},"author":1,"featured_media":5812,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"annual-report-page","meta":{"_acf_changed":false,"_gspb_post_css":".gsbp-fefed93{display:flex;justify-content:center;flex-direction:column;align-items:center;padding-top:var(--wp--custom--spacing--top, 0px);padding-bottom:var(--wp--custom--spacing--bottom, 0px);margin-top:0;margin-bottom:0;position:relative;overflow-x:clip}.gsbp-14f5165{max-width:100%;width:var(--wp--style--global--wide-size, 1440px);padding-left:var(--variable-small-section-spacing);padding-right:var(--variable-small-section-spacing);padding-top:0;padding-bottom:0}body 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