– Financial reporting – Consolidated income statement

Consolidated income statement

January 1 – December 31

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).