Consolidated income statement

millions of CHF	Notes	2021	2020
Sales	3	1’723.3	1’598.5
Cost of goods sold		–1’184.9	–1’122.5
Gross profit		538.5	476.0
Selling and distribution expenses		–175.6	–168.5
General and administrative expenses		–194.2	–189.5
Research and development expenses		–42.7	–41.7
Other operating income and expenses, net	6	2.8	–40.3
Operating income (EBIT)		128.7	36.0
Interest and securities income	7	1.7	2.5
Interest expenses	7	–13.1	–11.7
Other financial income and expenses, net	7	–2.0	–3.0
Share of profit and loss of associates		–1.1	–0.3
Income before income tax expenses		114.2	23.5
Income tax expenses	8	–27.9	–6.7
Net income		86.3	16.8
attributable to shareholders of Sulzer Ltd		85.7	15.4
attributable to non-controlling interests		0.7	1.4

Earnings per share (in CHF)
Basic earnings per share		2.53	0.45
Diluted earnings per share		2.51	0.45