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 first half of 2021
|
in thousand CHF |
As reported |
Adjustments IAS 19 |
Adjustments IFRS 16 |
Adjusted |
|
Net sales |
1,857,103 |
– |
– |
1,857,103 |
|
Products & Care 1) |
918,926 |
– |
– |
918,926 |
|
Logistics & IT 1) |
1,377,914 |
– |
– |
1,377,914 |
|
|
|
|
|
|
|
Other income |
6,111 |
– |
– |
6,111 |
|
Operating income |
1,863,214 |
– |
– |
1,863,214 |
|
|
|
|
|
|
|
Cost of goods |
–1,389,768 |
– |
– |
–1,389,768 |
|
Personnel costs |
–256,389 |
3,702 |
– |
–252,688 |
|
Other operating costs |
–74,211 |
– |
–25,799 |
–100,010 |
|
Share of profit from associates and joint ventures |
3,748 |
170 |
67 |
3,985 |
|
Earnings before interest, taxes, depreciation and amortisation (EBITDA) |
146,592 |
3,872 |
–25,732 |
124,732 |
|
Products & Care 1) |
112,403 |
– |
–24,478 |
87,925 |
|
Logistics & IT 1) |
39,343 |
– |
–1,254 |
38,089 |
|
|
|
|
|
|
|
Depreciation and amortisation |
–47,589 |
– |
24,267 |
–23,322 |
|
Earnings before interest and taxes (EBIT) |
99,003 |
3,872 |
–1,465 |
101,410 |
|
Return on sales (ROS) 2) |
5.3% |
0.2% |
–0.1% |
5.5% |
|
Products & Care 1) |
77,654 |
– |
–1,439 |
76,215 |
|
Return on sales (ROS) 2) |
8.5% |
0.0% |
–0.2% |
8.3% |
|
Logistics & IT 1) |
26,354 |
– |
–27 |
26,328 |
|
Return on sales (ROS) 2) |
1.9% |
0.0% |
0.0% |
1.9% |
|
|
|
|
|
|
|
Net financial expenses |
–2,337 |
8 |
1,143 |
–1,186 |
|
Earnings before taxes (EBT) |
96,666 |
3,880 |
–322 |
100,224 |
|
|
|
|
|
|
|
Income taxes |
–17,108 |
–647 |
65 |
–17,690 |
|
|
|
|
|
|
|
Net profit |
79,559 |
3,233 |
–257 |
82,534 |
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
– Shareholders of Galenica Ltd. |
79,304 |
3,238 |
–258 |
82,283 |
|
– Non-controlling interests |
255 |
–5 |
1 |
251 |
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 |
1.60 |
0.07 |
–0.01 |
1.66 |
|
Diluted earnings per share |
1.60 |
0.07 |
–0.01 |
1.66 |
Adjusted consolidated statement of income first half of 2020
|
in thousand CHF |
As reported |
Adjustments IAS 19 |
Adjustments IFRS 16 |
Adjusted |
|
Net sales |
1,690,420 |
– |
– |
1,690,420 |
|
Products & Care 1) |
809,023 |
– |
– |
809,023 |
|
Logistics & IT 1) |
1,283,416 |
– |
– |
1,283,416 |
|
|
|
|
|
|
|
Other income |
6,003 |
– |
– |
6,003 |
|
Operating income |
1,696,423 |
– |
– |
1,696,423 |
|
|
|
|
|
|
|
Cost of goods |
–1,257,451 |
– |
– |
–1,257,451 |
|
Personnel costs |
–243,125 |
2,324 |
– |
–240,801 |
|
Other operating costs |
–68,146 |
– |
–26,403 |
–94,549 |
|
Share of profit from associates and joint ventures |
1,589 |
93 |
22 |
1,704 |
|
Earnings before interest, taxes, depreciation and amortisation (EBITDA) |
129,290 |
2,417 |
–26,381 |
105,326 |
|
Products & Care 1) |
98,586 |
– |
–25,336 |
73,250 |
|
Logistics & IT 1) |
33,961 |
– |
–1,045 |
32,916 |
|
|
|
|
|
|
|
Depreciation and amortisation |
–47,008 |
– |
25,264 |
–21,744 |
|
Earnings before interest and taxes (EBIT) |
82,282 |
2,417 |
–1,117 |
83,582 |
|
Return on sales (ROS) 2) |
4.9% |
0.1% |
–0.1% |
4.9% |
|
Products & Care 1) |
62,924 |
– |
–1,086 |
61,838 |
|
Return on sales (ROS) 2) |
7.8% |
0.0% |
–0.1% |
7.6% |
|
Logistics & IT 1) |
22,501 |
– |
–31 |
22,470 |
|
Return on sales (ROS) 2) |
1.8% |
0.0% |
0.0% |
1.8% |
|
|
|
|
|
|
|
Net financial expenses |
–2,331 |
24 |
1,171 |
–1,136 |
|
Earnings before taxes (EBT) |
79,951 |
2,441 |
54 |
82,446 |
|
|
|
|
|
|
|
Income taxes |
–13,602 |
–423 |
19 |
–14,006 |
|
|
|
|
|
|
|
Net profit |
66,349 |
2,018 |
73 |
68,440 |
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
– Shareholders of Galenica Ltd. |
66,168 |
2,027 |
73 |
68,268 |
|
– Non-controlling interests |
181 |
–9 |
– |
172 |
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 |
1.34 |
0.04 |
– |
1.38 |
|
Diluted earnings per share |
1.34 |
0.04 |
– |
1.38 |