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