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Consolidated statement of changes in equity

January 1 – December 31

 

 

 

 

Attributable to shareholders of Sulzer Ltd

 

 

 

 

millions of CHF

 

Notes

 

Share capital

 

Retained earnings

 

Treasury shares

 

Cash flow hedge reserve

 

Currency translation adjustment

 

Total

 

Non-controlling interests

 

Total equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity as of January 1, 2024

 

 

 

0.3

 

1’979.5

 

–36.7

 

4.2

 

–852.0

 

1’095.4

 

3.2

 

1’098.6

Comprehensive income for the period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

261.9

 

 

 

 

 

 

 

261.9

 

3.5

 

265.4

- Cash flow hedges, net of tax

 

28

 

–

 

–

 

–

 

–7.5

 

–

 

–7.5

 

–

 

–7.5

- Remeasurements of defined benefit plans, net of tax

 

8

 

–

 

0.8

 

–

 

–

 

–

 

0.8

 

–

 

0.8

- Equity investments at FVOCI – net change in fair value, net of tax

 

17

 

–

 

–4.9

 

–

 

–

 

–

 

–4.9

 

–

 

–4.9

- Currency translation differences

 

 

 

–

 

–

 

–

 

–

 

30.3

 

30.3

 

0.4

 

30.7

Other comprehensive income

 

 

 

–

 

–4.0

 

–

 

–7.5

 

30.3

 

18.7

 

0.4

 

19.1

Total comprehensive income for the period

 

 

 

–

 

257.8

 

–

 

–7.5

 

30.3

 

280.6

 

3.9

 

284.5

Transactions with owners of the company:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in non-controlling interests

 

 

 

–

 

–3.2

 

–

 

–

 

–

 

–3.2

 

3.2

 

0.0

Transactions with non-controlling interests

 

3

 

–

 

–6.1

 

–

 

–

 

4.6

 

–1.5

 

1.5

 

0.0

Contribution from medmix

 

23

 

–

 

0.1

 

–

 

–

 

–

 

0.1

 

 

 

0.1

Allocation of treasury shares to share plan participants

 

 

 

–

 

–18.3

 

18.3

 

–

 

–

 

–

 

 

 

–

Purchase of treasury shares

 

23

 

–

 

–

 

–33.2

 

–

 

–

 

–33.2

 

 

 

–33.2

Share-based payments

 

30

 

–

 

12.7

 

–

 

–

 

–

 

12.7

 

 

 

12.7

Dividends

 

23

 

–

 

–127.3

 

–

 

–

 

–

 

–127.3

 

–0.3

 

–127.6

Equity as of December 31, 2024

 

23

 

0.3

 

2’095.2

 

–51.6

 

–3.2

 

–817.2

 

1’223.6

 

11.5

 

1’235.1

January 1 – December 31

 

 

 

 

Attributable to shareholders of Sulzer Ltd

 

 

 

 

millions of CHF

 

Notes

 

Share capital

 

Retained earnings

 

Treasury shares

 

Cash flow hedge reserve

 

Currency translation adjustment

 

Total

 

Non-controlling interests

 

Total equity

Equity as of January 1, 2023

 

 

 

0.3

 

1’777.7

 

–42.9

 

–4.1

 

–706.7

 

1’024.3

 

4.4

 

1’028.6

Comprehensive income for the period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

229.1

 

 

 

 

 

 

 

229.1

 

1.3

 

230.5

- Cash flow hedges, net of tax

 

28

 

–

 

–

 

–

 

8.3

 

–

 

8.3

 

–

 

8.3

- Remeasurements of defined benefit plans, net of tax

 

8

 

–

 

128.8

 

–

 

–

 

–

 

128.8

 

–

 

128.8

- Equity investments at FVOCI – net change in fair value, net of tax

 

17

 

–

 

0.6

 

–

 

–

 

–

 

0.6

 

–

 

0.6

- Currency translation differences

 

 

 

–

 

–

 

–

 

–

 

–145.3

 

–145.3

 

–0.7

 

–146.0

Other comprehensive income

 

 

 

–

 

129.3

 

–

 

8.3

 

–145.3

 

–7.6

 

–0.7

 

–8.3

Total comprehensive income for the period

 

 

 

–

 

358.5

 

–

 

8.3

 

–145.3

 

221.6

 

0.6

 

222.1

Transactions with owners of the company:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition of non-controlling interests without a change in control

 

3

 

–

 

–22.4

 

 

 

 

 

0.0

 

–22.4

 

–0.4

 

–22.8

Transactions with non-controlling interests

 

23

 

 

 

 

 

 

 

 

 

 

 

 

 

–1.1

 

–1.1

Contribution from medmix

 

23

 

–

 

0.3

 

–

 

–

 

–

 

0.3

 

 

 

0.3

Allocation of treasury shares to share plan participants

 

 

 

–

 

–27.2

 

27.2

 

–

 

–

 

 

 

–

 

–

Purchase of treasury shares

 

23

 

–

 

 

 

–20.9

 

–

 

–

 

–20.9

 

 

 

–20.9

Share-based payments

 

30

 

–

 

11.6

 

–

 

–

 

–

 

11.6

 

 

 

11.6

Dividends

 

23

 

–

 

–118.9

 

–

 

–

 

–

 

–118.9

 

–0.3

 

–119.2

Equity as of December 31, 2023

 

23

 

0.3

 

1’979.5

 

–36.7

 

4.2

 

–852.0

 

1’095.4

 

3.2

 

1’098.6