Consolidated income statement
January 1 – December 31
| millions of CHF | Notes | 2018 | 2017 | 
| Sales | 3 | 3’364.9 | 3’049.0 | 
| Cost of goods sold | 
 | –2’386.6 | –2’112.4 | 
| Gross profit | 
 | 978.3 | 936.6 | 
| Selling and distribution expenses | 
 | –354.4 | –337.2 | 
| General and administrative expenses | 
 | –384.4 | –362.7 | 
| Research and development expenses | 10 | –86.4 | –81.0 | 
| Other operating income and expenses, net | 11 | 30.8 | –19.2 | 
| Operating income | 
 | 183.8 | 136.5 | 
| Interest and securities income | 12 | 2.9 | 4.1 | 
| Interest expenses | 12 | –20.3 | –15.2 | 
| Other financial income and expenses, net | 12 | –1.5 | 0.3 | 
| Share of profit and loss of associates | 16 | 0.7 | –0.3 | 
| Income before income tax expenses | 
 | 165.6 | 125.4 | 
| Income tax expenses | 13 | –49.2 | –38.2 | 
| Net income | 
 | 116.5 | 87.2 | 
| attributable to shareholders of Sulzer Ltd | 
 | 113.7 | 83.2 | 
| attributable to non-controlling interests | 
 | 2.8 | 4.0 | 
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| Earnings per share (in CHF) | 
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 | 
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| Basic earnings per share | 24 | 3.56 | 2.44 | 
| Diluted earnings per share | 24 | 3.53 | 2.42 |