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Consolidated income statement

January 1 – December 31

millions of CHF

 

Notes

 

2020

 

2019

Sales

 

3, 20

 

3’319.0

 

3’728.5

Cost of goods sold

 

 

 

–2’325.4

 

–2’607.3

Gross profit

 

 

 

993.6

 

1’121.2

Selling and distribution expenses

 

 

 

–339.2

 

–374.6

General and administrative expenses

 

 

 

–378.0

 

–408.5

Research and development expenses

 

10

 

–84.1

 

–85.6

Other operating income and expenses, net

 

11

 

–41.6

 

–11.5

Operating income (EBIT)

 

 

 

150.6

 

241.0

Interest and securities income

 

12

 

4.1

 

6.6

Interest expenses

 

12

 

–25.2

 

–24.9

Other financial income and expenses, net

 

12

 

–7.0

 

–10.0

Share of profit and loss of associates

 

17

 

–0.7

 

0.1

Income before income tax expenses

 

 

 

121.8

 

212.8

Income tax expenses

 

13

 

–34.6

 

–55.1

Net income

 

 

 

87.2

 

157.7

attributable to shareholders of Sulzer Ltd

 

 

 

83.6

 

154.0

attributable to non-controlling interests

 

 

 

3.6

 

3.7

 

 

 

 

 

 

 

Earnings per share (in CHF)

 

 

 

 

 

Basic earnings per share

 

25

 

2.46

 

4.52

Diluted earnings per share

 

25

 

2.44

 

4.48