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 2023
|
in thousand CHF |
As reported |
Adjustments IAS 19 |
Adjustments IFRS 16 |
Adjusted |
|
Net sales |
1,851,190 |
– |
– |
1,851,190 |
|
Products & Care 1) |
804,364 |
– |
– |
804,364 |
|
Logistics & IT 1) |
1,518,491 |
– |
– |
1,518,491 |
|
|
|
|
|
|
|
Other income |
8,170 |
– |
– |
8,170 |
|
Operating income |
1,859,360 |
– |
– |
1,859,360 |
|
|
|
|
|
|
|
Cost of goods |
–1,339,449 |
– |
– |
–1,339,449 |
|
Personnel costs |
–278,773 |
–1,292 |
– |
–280,065 |
|
Other operating costs |
–100,187 |
– |
–27,037 |
–127,224 |
|
Share of profit from associates and joint ventures |
2,948 |
–194 |
25 |
2,780 |
|
Earnings before interest, taxes, depreciation and amortisation (EBITDA) |
143,900 |
–1,486 |
–27,012 |
115,402 |
|
Products & Care 1) |
107,842 |
– |
–25,179 |
82,663 |
|
Logistics & IT 1) |
34,928 |
– |
–1,222 |
33,706 |
|
|
|
|
|
|
|
Depreciation, amortisation and impairment |
–51,379 |
– |
26,157 |
–25,222 |
|
Earnings before interest and taxes (EBIT) |
92,521 |
–1,486 |
–855 |
90,180 |
|
Return on sales (ROS) 2) |
5.0% |
–0.1% |
0.0% |
4.9% |
|
Products & Care 1) |
73,744 |
– |
–623 |
73,121 |
|
Return on sales (ROS) 2) |
9.2% |
0.0% |
–0.1% |
9.1% |
|
Logistics & IT 1) |
19,058 |
– |
–69 |
18,990 |
|
Return on sales (ROS) 2) |
1.3% |
0.0% |
0.0% |
1.3% |
|
|
|
|
|
|
|
Net financial expenses |
–2,978 |
–64 |
1,459 |
–1,583 |
|
Earnings before taxes (EBT) |
89,543 |
–1,550 |
605 |
88,597 |
|
|
|
|
|
|
|
Income taxes |
–15,056 |
244 |
–78 |
–14,889 |
|
|
|
|
|
|
|
Profit from continuing operations |
74,487 |
–1,306 |
527 |
73,708 |
|
|
|
|
|
|
|
Profit from discontinued operations |
112,843 |
–64 |
–2 |
112,777 |
|
|
|
|
|
|
|
Net Profit |
187,330 |
–1,370 |
525 |
186,485 |
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
– Shareholders of Galenica Ltd. |
186,998 |
–1,370 |
522 |
186,151 |
|
– Non-controlling interests |
331 |
– |
3 |
334 |
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 |
1.49 |
–0.03 |
0.01 |
1.47 |
|
Diluted earnings per share from continuing operations |
1.49 |
–0.03 |
0.01 |
1.47 |
Adjusted consolidated statement of income first half of 2022
|
in thousand CHF |
As reported (Restated) 1) |
Adjustments IAS 19 |
Adjustments IFRS 16 |
Adjusted |
|
Net sales |
1,754,208 |
– |
– |
1,754,208 |
|
Products & Care 2) |
771,689 |
– |
– |
771,689 |
|
Logistics & IT 2) |
1,434,631 |
– |
– |
1,434,631 |
|
|
|
|
|
|
|
Other income |
7,736 |
– |
– |
7,736 |
|
Operating income |
1,761,945 |
– |
– |
1,761,945 |
|
|
|
|
|
|
|
Cost of goods |
–1,275,622 |
– |
– |
–1,275,622 |
|
Personnel costs |
–257,470 |
–1,355 |
– |
–258,825 |
|
Other operating costs |
–83,743 |
– |
–27,179 |
–110,921 |
|
Share of profit from associates and joint ventures |
2,019 |
–47 |
–5 |
1,967 |
|
Earnings before interest, taxes, depreciation and amortisation (EBITDA) |
147,129 |
–1,403 |
–27,183 |
118,542 |
|
Products & Care 2) |
105,468 |
– |
–25,353 |
80,115 |
|
Logistics & IT 2) |
40,345 |
– |
–1,231 |
39,114 |
|
|
|
|
|
|
|
Depreciation, amortisation and impairment |
–48,830 |
– |
25,307 |
–23,523 |
|
Earnings before interest and taxes (EBIT) |
98,299 |
–1,403 |
–1,876 |
95,020 |
|
Return on sales (ROS) 3) |
5.6% |
–0.1% |
–0.1% |
5.4% |
|
Products & Care 2) |
72,517 |
– |
–1,693 |
70,823 |
|
Return on sales (ROS) 3) |
9.4% |
0.0% |
–0.2% |
9.2% |
|
Logistics & IT 2) |
25,382 |
– |
–20 |
25,361 |
|
Return on sales (ROS) 3) |
1.8% |
0.0% |
0.0% |
1.8% |
|
|
|
|
|
|
|
Net financial expenses |
–2,379 |
–112 |
1,175 |
–1,316 |
|
Earnings before taxes (EBT) |
95,920 |
–1,515 |
–701 |
93,703 |
|
|
|
|
|
|
|
Income taxes |
–16,922 |
264 |
126 |
–16,532 |
|
|
|
|
|
|
|
Profit from continuing operations |
78,998 |
–1,251 |
–575 |
77,171 |
|
|
|
|
|
|
|
Profit from discontinued operations |
4,127 |
–13 |
– |
4,114 |
|
|
|
|
|
|
|
Net Profit |
83,124 |
–1,264 |
–575 |
81,285 |
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
– Shareholders of Galenica Ltd. |
82,912 |
–1,264 |
–575 |
81,072 |
|
– Non-controlling interests |
213 |
– |
– |
213 |
1) Figures restated (refer to note 4 of the Consolidated interim financial statements)
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 |
1.59 |
–0.03 |
–0.01 |
1.55 |
|
Diluted earnings per share from continuing operations |
1.58 |
–0.03 |
–0.01 |
1.55 |