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Consolidated income statement

January 1 – December 31

millions of CHF

Notes

2019

2018

Sales

3, 20

3’728.5

3’364.9

Cost of goods sold

 

–2’607.3

–2’386.6

Gross profit

 

1’121.2

978.3

Selling and distribution expenses

 

–374.6

–354.4

General and administrative expenses

 

–408.5

–384.4

Research and development expenses

10

–85.6

–86.4

Other operating income and expenses, net

11

–11.5

30.8

Operating income (EBIT)

 

241.0

183.8

Interest and securities income

12

6.6

2.9

Interest expenses

12

–24.9

–20.3

Other financial income and expenses, net

12

–10.0

–1.5

Share of profit and loss of associates

17

0.1

0.7

Income before income tax expenses

 

212.8

165.6

Income tax expenses

13

–55.1

–49.2

Net income

 

157.7

116.5

attributable to shareholders of Sulzer Ltd

 

154.0

113.7

attributable to non-controlling interests

 

3.7

2.8

 

 

 

 

Earnings per share (in CHF)

 

 

Basic earnings per share

25

4.52

3.56

Diluted earnings per share

25

4.48

3.53