Consolidated income statement

January 1–December 31

millions of CHF

Notes

2017

2016

Sales

3

3’049.0

2’876.7

Cost of goods sold

 

–2’112.4

–1’997.3

Gross profit

 

936.6

879.4

Selling and distribution expenses

 

–337.2

–309.2

General and administrative expenses

 

–362.7

–324.6

Research and development expenses

10

–81.0

–71.4

Other operating income and expenses, net

11

–19.2

–58.9

Operating income

 

136.5

115.3

Interest and securities income

12

4.1

5.2

Interest expenses

12

–15.2

–17.4

Other financial income and expenses, net

12

0.3

–7.1

Share of loss of associates

16

–0.3

–0.8

Income before income tax expenses

 

125.4

95.2

Income tax expenses

13

–38.2

–35.1

Net income

 

87.2

60.1

Attributable to shareholders of Sulzer Ltd

 

83.2

59.0

Attributable to non-controlling interests

 

4.0

1.1

 

 

 

 

Earnings per share (in CHF)

 

 

Basic earnings per share

24

2.44

1.73

Diluted earnings per share

24

2.42

1.72