Consolidated financial statementsConsolidated income statement

Consolidated income statement

millions of CHF	Notes	2024	2023
Sales	2,19	3’530.6	3’281.7
Cost of goods sold		–2’347.4	–2’197.1
Gross profit		1’183.2	1’084.6
Selling and distribution expenses		–335.2	–323.7
General and administrative expenses		–382.5	–370.6
Research and development expenses	9	–76.4	–70.8
Net impairment release / (loss) on contract assets and trade accounts receivable		–0.6	0.9
Other operating income / (expenses), net	10	–6.0	9.2
Operating income (EBIT)		382.5	329.7
Interest and securities income	11	19.6	18.3
Interest expenses	11	–29.3	–30.3
Other financial income / (expenses), net	11	–15.5	–10.3
Share of profit / (loss) of associates and joint ventures	16	–3.8	–3.2
Income before income tax expenses		353.5	304.3
Income tax expenses	12	–88.2	–73.8
Net income		265.4	230.5
– thereof attributable to shareholders of Sulzer Ltd		261.9	229.1
– thereof attributable to non-controlling interests		3.5	1.3

Earnings per share (in CHF)
Basic earnings per share	24	7.73	6.76
Diluted earnings per share	24	7.64	6.67