Consolidated Income Statement

Consolidated Income Statement1

million CHF

 

Notes2

 

2018

 

32017

 

 

 

 

 

 

 

1

For the year ended 31 December

2

See the accompanying notes to the consolidated financial statements

3

Restated to reflect adoption of IFRS 15 (see note 1) and classification of Water Care business as discontinued operations (see note 5.2)

4

Includes the amortization of acquisition-related intangible assets (2018: CHF 164 million, 2017: CHF 100 million)

5

Result from operating activities (EBIT) excludes interest income and expenses as well as financial income and expenses that are not interest related (see note 21) and Lonza’s share of profit/loss from associates and joint ventures

6

Includes favorable impacts from tax reforms in the United States and Belgium of CHF 187 million

Sales

 

3

 

5,542

 

4,548

Cost of goods sold

 

 

 

(3,449)

 

(2,893)

Gross profit

 

 

 

2,093

 

1,655

 

 

 

 

 

 

 

Marketing and distribution

 

 

 

(344)

 

(277)

Research and development

 

23

 

(110)

 

(95)

Administration and general overheads4

 

 

 

(732)

 

(609)

Other operating income

 

20

 

50

 

109

Other operating expenses

 

20

 

(115)

 

(110)

Result from operating activities (EBIT)5

 

 

 

842

 

673

 

 

 

 

 

 

 

Financial income

 

21.1

 

85

 

30

Financial expenses

 

21.2

 

(119)

 

(169)

Net financing costs

 

 

 

(34)

 

(139)

 

 

 

 

 

 

 

Share of profit / (loss) of associates / joint ventures

 

9

 

(1)

 

1

Profit before income taxes

 

 

 

807

 

535

 

 

 

 

 

 

 

Income taxes

 

22

 

(148)

 

6131

Profit from continuing operations

 

 

 

659

 

666

 

 

 

 

 

 

 

Profit / (loss) from discontinued operation, net of tax

 

5.2

 

(96)

 

43

Profit for the period

 

 

 

563

 

709

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

Equity holders of the parent

 

 

 

559

 

707

Non-controlling interest

 

 

 

4

 

2

Profit for the period

 

 

 

563

 

709

 

 

 

 

 

 

 

Earnings per share for profit from continuing operations attributable to equity holders of the parent:

 

 

 

CHF

 

CHF

Basic earnings per share – EPS basic

 

27

 

8.80

 

9.78

Diluted earnings per share – EPS diluted

 

27

 

8.77

 

9.70

 

 

 

 

 

 

 

Earnings per share for profit attributable to equity holders of the parent:

 

 

 

CHF

 

CHF

Basic earnings per share – EPS basic

 

27

 

7.51

 

10.42

Diluted earnings per share – EPS diluted

 

27

 

7.48

 

10.33