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 |