The group released H1 16 results showing a 17% increase in sales to CHF1,180m (+13% at CER), +20% in operating income to CHF412m (+12% at CER), +25% in net to CHF361m (+17% at CER). The net cash position is apparenty stable (CHF418m vs CHF430m a year ago and CHF405 at year-end 2015) but includes the payment of the dividend (CHF158m) and CHF248m spent on share repurchases. Once again, the group raises its guidance to a « low teen core operating income growth at CER » vs « hig
