Consolidated income statement

millions of CHF	Notes	2021	2020 1)
Continuing operations
Sales	3, 20	3’155.3	2’967.8
Cost of goods sold		–2’208.4	–2’095.3
Gross profit from continuing operations		946.9	872.4
Selling and distribution expenses		–320.1	–305.8
General and administrative expenses		–358.8	–340.5
Research and development expenses	10	–64.4	–63.8
Other operating income / (expenses), net	11	18.1	–29.8
Operating income (EBIT) from continuing operations		221.8	132.5
Interest and securities income	12	10.4	10.5
Interest expenses	12	–25.7	–24.0
Other financial income / (expenses), net	12	–6.4	–6.9
Share of gains / (losses) of associates	17	–2.2	–0.7
Income before income tax expenses from continuing operations		197.9	111.3
Income tax expenses	13	–57.2	–39.8
Net income from continuing operations		140.7	71.5
Net income from discontinued operations, net of tax	7	1’278.3	15.6
Net income		1’418.9	87.2
– thereof attributable to shareholders of Sulzer Ltd		1’416.7	83.6
– thereof attributable to non-controlling interests		2.2	3.6

Earnings per share (in CHF)
Basic earnings per share	25	41.93	2.46
Diluted earnings per share	25	41.28	2.44

Earnings per share from continuing operations (in CHF)
Basic earnings per share from continuing operations	25	4.10	2.00
Diluted earnings per share from continuing operations	25	4.03	1.98

1) Comparative information has been re-presented due to discontinued operations (details are described in note 7).