Results from Discontinued Operations

Income Statement1

million CHF

 

Notes2

 

 

 

 

 

2018

 

 

 

 

 

32017

 

 

 

 

Continuing operations

 

Discountinued Operations

 

Total

 

Continuing operations

 

Discountinued Operations

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

For the year ended 31 December

2

See the accompanying notes to the consolidated financial statements

3

Restated to reflect changes from IFRS 15 (see note 1)

4

Includes the amortization of acquisition-related intangible assets (Continung operations 2018: CHF 164 million, 2017: CHF 100 million; discontinued operations: 2018: CHF 4 million, 2017: CHF 4 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

Sales

 

2

 

5,542

 

516

 

6,058

 

4,548

 

523

 

5,071

Cost of goods sold

 

 

 

(3,449)

 

(370)

 

(3,819)

 

(2,893)

 

(372)

 

(3,265)

Gross profit

 

 

 

2,093

 

146

 

2,239

 

1,655

 

151

 

1,806

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketing and distribution

 

 

 

(344)

 

(70)

 

(414)

 

(277)

 

(68)

 

(345)

Research and development

 

23

 

(110)

 

(8)

 

(118)

 

(95)

 

(8)

 

(103)

Administration and general overheads4

 

 

 

(732)

 

(47)

 

(779)

 

(609)

 

(50)

 

(659)

Other operating income

 

20

 

50

 

2

 

52

 

109

 

6

 

115

Other operating expenses

 

20

 

(115)

 

(111)

 

(226)

 

(110)

 

(3)

 

(113)

Result from operating activities (EBIT)5

 

 

 

842

 

(88)

 

754

 

673

 

28

 

701

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial income

 

21.1

 

85

 

0

 

85

 

30

 

1

 

31

Financial expenses

 

21.2

 

(119)

 

(9)

 

(128)

 

(169)

 

(4)

 

(173)

Net financing costs

 

 

 

(34)

 

(9)

 

(43)

 

(139)

 

(3)

 

(142)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share of loss of associates / joint ventures

 

9

 

(1)

 

(1)

 

(2)

 

1

 

(1)

 

0

Profit before income taxes

 

 

 

807

 

(98)

 

709

 

535

 

24

 

559

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes

 

22

 

(148)

 

2

 

(146)

 

131

 

19

 

150

Profit for the period

 

 

 

659

 

(96)

 

563

 

666

 

43

 

709

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity holders of the parent

 

 

 

655

 

(96)

 

559

 

664

 

43

 

707

Non-controlling interest

 

 

 

4

 

0

 

4

 

2

 

0

 

2

Profit for the period

 

 

 

659

 

(96)

 

563

 

666

 

43

 

709

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CHF

 

CHF

 

CHF

 

CHF

 

CHF

 

CHF

Basic earnings per share

 

27

 

8.80

 

(1.29)

 

7.51

 

9.78

 

0.64

 

10.42

Diluted earnings per share

 

27

 

8.77

 

(1.29)

 

7.48

 

9.70

 

0.63

 

10.33