3. Operating segment information
Operating segment information first half of 2023
With the creation of the strategic partnership with Redcare Pharmacy N.V., the business unit Mediservice Ltd. (incl. Curarex Swiss Ltd.) which was part of the Products & Care segment, is presented as discontinued operations. Operating segment information for the previous period has been restated to conform to the new presentation and is line with the internal reporting. As a result, net sales to third parties has decreased by CHF 205.7 million and EBIT by CHF 5.0 million in 2022. Further information of the discontinued operation can be found in note 4, Discontinued operations.
Operating segment information first half of 2023
|
in thousand CHF |
Products & Care |
Logistics & IT |
Group Services |
Eliminations |
Galenica Group |
|
Net sales |
804,364 |
1,518,491 |
25,733 |
–497,398 |
1,851,190 |
|
Intersegmental net sales |
–50,846 |
–423,283 |
–23,268 |
497,398 |
– |
|
Net sales to third parties |
753,518 |
1,095,208 |
2,464 |
– |
1,851,190 |
|
Other income |
3,387 |
3,995 |
1,971 |
–1,183 |
8,170 |
|
Share of profit from associates and joint ventures |
2,812 |
8 |
– |
128 |
2,948 |
|
Earnings before interest, taxes, depreciation and amortisation (EBITDA) |
107,842 |
34,928 |
1,168 |
–38 1) |
143,900 |
|
Depreciation, amortisation and impairment |
–34,098 |
–15,869 |
–1,530 |
118 |
–51,379 |
|
Earnings before interest and taxes (EBIT) |
73,744 |
19,058 |
–362 |
81 1) |
92,521 |
|
Interest income |
|
|
|
|
1,057 |
|
Interest expense |
|
|
|
|
–3,564 |
|
Other net financial result |
|
|
|
|
–471 |
|
Earnings before taxes (EBT) |
|
|
|
|
89,543 |
|
Income taxes |
|
|
|
|
–15,056 |
|
Profit from continuing operations |
|
|
|
|
74,487 |
|
|
|
|
|
|
|
|
Assets |
1,807,984 |
1,048,016 |
529,011 |
-576,067 2) |
2,808,944 |
|
Investments in associates and joint ventures |
138,486 |
91 |
– |
–1,568 |
137,009 |
|
Liabilities |
616,713 |
681,315 |
728,105 |
-546,118 3) |
1,480,015 |
|
|
|
|
|
|
|
|
Investments in property, plant and equipment |
11,552 |
5,418 |
1,669 |
– |
18,639 4) |
|
Investments in intangible assets |
1,041 |
14,943 |
– |
–37 |
15,947 5) |
|
|
|
|
|
|
|
|
Employees as at 30 June (FTE) |
4,081 |
1,445 |
232 |
– |
5,758 |
1) Including the effects of IAS 19 from defined benefit plans and long-service awards of CHF 1.5 million
2) Of which elimination of intercompany positions of CHF -556.5 million and other unallocated amounts of CHF -19.5 million
3) Of which elimination of intercompany positions of CHF -556.5 million and other unallocated amounts of CHF 10.4 million
4) Of which non-cash investments of CHF 0.8 million
5) Of which non-cash investments of CHF 3.8 million
Operating segment information first half of 2022
Operating segment information first half of 2022 (restated)
|
in thousand CHF |
Products & Care |
Logistics & IT |
Group Services |
Eliminations |
Galenica Group |
|
Net sales |
771,689 |
1,434,631 |
22,352 |
–474,464 |
1,754,208 |
|
Intersegmental net sales |
–46,092 |
–407,347 |
–21,026 |
474,464 |
– |
|
Net sales to third parties |
725,598 |
1,027,284 |
1,326 |
– |
1,754,208 |
|
Other income |
3,992 |
2,962 |
1,438 |
–656 |
7,736 |
|
Share of profit from associates and joint ventures |
1,937 |
20 |
– |
62 |
2,019 |
|
Earnings before interest, taxes, depreciation and amortisation (EBITDA) |
105,468 |
40,345 |
242 |
1,074 2) |
147,129 |
|
Depreciation, amortisation and impairment |
–32,951 |
–14,963 |
–1,062 |
147 |
–48,830 |
|
Earnings before interest and taxes (EBIT) |
72,517 |
25,382 |
–820 |
1,221 2) |
98,299 |
|
Interest income |
|
|
|
|
387 |
|
Interest expense |
|
|
|
|
–2,636 |
|
Other net financial result |
|
|
|
|
–129 |
|
Earnings before taxes (EBT) |
|
|
|
|
95,920 |
|
Income taxes |
|
|
|
|
–16,922 |
|
Profit from continuing operations |
|
|
|
|
78,998 |
|
|
|
|
|
|
|
|
Assets 1) |
1,784,254 |
921,458 |
320,811 |
-413,699 3) |
2,612,825 |
|
Investments in associates and joint ventures 1) |
33,975 |
82 |
– |
–1,375 |
32,682 |
|
Liabilities 1) |
604,571 |
524,903 |
619,655 |
-385,765 4) |
1,363,364 |
|
|
|
|
|
|
|
|
Investments in property, plant and equipment |
4,125 |
13,400 |
1,127 |
– |
18,652 5) |
|
Investments in intangible assets |
769 |
11,499 |
– |
–70 |
12,198 6) |
|
|
|
|
|
|
|
|
Employees as at 30 June (FTE) |
3,831 |
1,377 |
216 |
– |
5,424 |
1) Figures as at 31 December 2022
2) Including the effects of IAS 19 from defined benefit plans and long-service awards of CHF 1.4 million
3) Of which elimination of intercompany positions of CHF -395.6 million and other unallocated amounts of CHF -18.1 million
4) Of which elimination of intercompany positions of CHF -395.6 million and other unallocated amounts of CHF 9.8 million
5) Of which non-cash investments of CHF 0.9 million
6) Of which non-cash investments of CHF 1.8 million