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Adjusted consolidated statement of income

Galenica's consolidated statement of income adjusted by IAS 19 effects related to employee benefits (defined benefit plans and long-service awards) and IFRS 16 lease effects allowing financial results to be assessed on a comparable basis.

Adjusted consolidated statement of income 2023

in thousand CHF

As reported

Adjustments IAS 19

Adjustments IFRS 16

Adjusted

Net sales

3,746,011

3,746,011

Products & Care 1)

1,635,633

1,635,633

Logistics & IT 1)

3,076,988

3,076,988

 

 

 

 

 

Other income

17,040

17,040

Operating income

3,763,051

3,763,051

 

 

 

 

 

Cost of goods

–2,714,443

–2,714,443

Personnel costs

–550,984

–5,441

–556,425

Other operating costs

–202,328

–54,155

–256,483

Share of profit from associates and joint ventures

6,838

–339

9

6,508

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

302,135

–5,780

–54,145

242,210

Products & Care 1)

222,200

–50,489

171,711

Logistics & IT 1)

74,313

–2,433

71,880

 

 

 

 

 

Depreciation, amortisation and impairment

–103,000

52,108

–50,892

Earnings before interest and taxes (EBIT)

199,135

–5,780

–2,037

191,318

Return on sales (ROS) 2)

5.3%

–0.2%

–0.1%

5.1%

Products & Care 1)

153,772

–1,424

152,348

Return on sales (ROS) 2)

9.4%

0.0%

–0.1%

9.3%

Logistics & IT 1)

42,563

–287

42,276

Return on sales (ROS) 2)

1.4%

0.0%

0.0%

1.4%

 

 

 

 

 

Net financial expenses

–4,186

–129

2,951

–1,364

Earnings before taxes (EBT)

194,949

–5,909

914

189,954

 

 

 

 

 

Income taxes

–29,245

1,009

–136

–28,373

 

 

 

 

 

Profit from continuing operations

165,704

–4,900

778

161,581

 

 

 

 

 

Profit from discontinued operations

120,448

–64

–2

120,382

 

 

 

 

 

Net Profit

286,152

–4,964

775

281,963

 

 

 

 

 

Attributable to:

 

 

 

 

– Shareholders of Galenica Ltd.

285,367

–4,964

776

281,179

– Non-controlling interests

785

–1

784

1) Reported for each operating segment not taking into account Group Services and Eliminations

2) Calculated as EBIT divided by net sales

in CHF

As reported

Adjustments IAS 19

Adjustments IFRS 16

Adjusted

Earnings per share from continuing operations

3.31

–0.10

0.02

3.23

Diluted earnings per share from continuing operations

3.31

–0.10

0.02

3.22

Adjusted consolidated statement of income 2022

in thousand CHF

As reported (Restated) 1)

Adjustments IAS 19

Adjustments IFRS 16

Adjusted

Net sales

3,588,456

3,588,456

Products & Care 2)

1,583,959

1,583,959

Logistics & IT 2)

2,933,318

2,933,318

 

 

 

 

 

Other income

12,996

12,996

Operating income

3,601,451

3,601,451

 

 

 

 

 

Cost of goods

–2,609,915

–2,609,915

Personnel costs

–525,682

629

–525,053

Other operating costs

–177,432

–53,802

–231,235

Share of profit from associates and joint ventures

4,202

22

–50

4,173

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

292,624

651

–53,853

239,422

Products & Care 2)

212,141

–50,179

161,962

Logistics & IT 2)

80,518

–2,469

78,049

 

 

 

 

 

Depreciation, amortisation and impairment

–99,572

50,771

–48,801

Earnings before interest and taxes (EBIT)

193,052

651

–3,081

190,622

Return on sales (ROS) 3)

5.4%

0.0%

–0.1%

5.3%

Products & Care 2)

146,027

–2,696

143,331

Return on sales (ROS) 3)

9.2%

0.0%

–0.2%

9.0%

Logistics & IT 2)

49,306

–60

49,246

Return on sales (ROS) 3)

1.7%

0.0%

0.0%

1.7%

 

 

 

 

 

Net financial expenses

–3,438

–220

2,400

–1,258

Earnings before taxes (EBT)

189,614

431

–682

189,364

 

 

 

 

 

Income taxes

–32,267

–36

124

–32,179

 

 

 

 

 

Profit from continuing operations

157,347

396

–558

157,185

 

 

 

 

 

Profit from discontinued operations

8,512

–13

1

8,500

 

 

 

 

 

Net Profit

165,859

383

–557

165,684

 

 

 

 

 

Attributable to:

 

 

 

 

– Shareholders of Galenica Ltd.

165,132

383

–558

164,956

– Non-controlling interests

727

1

728

1) Figures restated (refer to note 4 of the Consolidated financial statements 2023 of the Galenica Group)

2) Reported for each operating segment not taking into account Group Services and Eliminations

3) Calculated as EBIT divided by net sales

in CHF

As reported

Adjustments IAS 19

Adjustments IFRS 16

Adjusted

Earnings per share from continuing operations

3.15

0.01

–0.01

3.15

Diluted earnings per share from continuing operations

3.14

0.01

–0.01

3.14

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