– Financial reporting – Consolidated income statement

Consolidated income statement

January 1 – December 31

millions of CHF

 

Notes

 

2022

 

2021 1)

Continuing operations

 

 

 

 

 

 

Sales from continuing operations

 

3, 21

 

3’179.9

 

3’155.3

Cost of goods sold

 

 

 

–2’240.3

 

–2’208.4

Gross profit from continuing operations

 

 

 

939.6

 

946.9

Selling and distribution expenses

 

 

 

–317.0

 

–309.2

General and administrative expenses

 

 

 

–363.0

 

–358.8

Research and development expenses

 

11

 

–66.4

 

–64.4

Net impairment loss on contract assets and trade accounts receivable

 

2

 

–39.9

 

–10.8

Other operating income / (expenses), net

 

12

 

–42.1

 

18.1

Operating income (EBIT) from continuing operations

 

 

 

111.4

 

221.8

Interest and securities income

 

13

 

9.7

 

10.4

Interest expenses

 

13

 

–27.3

 

–25.7

Other financial income / (expenses), net

 

13

 

16.0

 

–6.4

Share of profit / (loss) of associates

 

18

 

–2.7

 

–2.2

Income before income tax expenses from continuing operations

 

 

 

107.0

 

197.9

Income tax expenses

 

14

 

–79.0

 

–57.2

Net income from continuing operations

 

 

 

28.0

 

140.7

Net income from discontinued operations, net of tax

 

5

 

 

1’278.3

Net income

 

 

 

28.0

 

1’418.9

– thereof attributable to shareholders of Sulzer Ltd

 

 

 

28.6

 

1’416.7

– thereof attributable to non-controlling interests

 

 

 

–0.6

 

2.2

 

 

 

 

 

 

 

Earnings per share (in CHF)

 

 

 

 

 

Basic earnings per share

 

26

 

0.85

 

41.93

Diluted earnings per share

 

26

 

0.83

 

41.28

 

 

 

 

 

 

 

Earnings per share from continuing operations (in CHF)

 

 

 

 

 

 

Basic earnings per share from continuing operations

 

26

 

0.85

 

4.10

Diluted earnings per share from continuing operations

 

26

 

0.83

 

4.03

1) Comparative information has been re-presented: Net impairment loss on contract assets and trade accounts receivable was previously included in selling and distribution expenses.