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 2024
|
in thousand CHF |
As reported |
Adjustments IAS 19 |
Adjustments IFRS 16 |
Adjusted |
|
Net sales |
1,900,014 |
– |
– |
1,900,014 |
|
Products & Care 1) |
829,334 |
– |
– |
829,334 |
|
Logistics & IT 1) |
1,563,318 |
– |
– |
1,563,318 |
|
|
|
|
|
|
|
Other income |
6,412 |
– |
– |
6,412 |
|
Operating income |
1,906,426 |
– |
– |
1,906,426 |
|
|
|
|
|
|
|
Cost of goods |
–1,369,428 |
– |
– |
–1,369,428 |
|
Personnel costs |
–292,626 |
–1,653 |
– |
–294,279 |
|
Other operating costs |
–91,191 |
– |
–27,616 |
–118,807 |
|
Share of profit from associates and joint ventures |
1,986 |
–105 |
–135 |
1,747 |
|
Earnings before interest, taxes, depreciation and amortisation (EBITDA) |
155,167 |
–1,757 |
–27,751 |
125,658 |
|
Products & Care 1) |
112,422 |
– |
–26,491 |
85,930 |
|
Logistics & IT 1) |
42,298 |
– |
–1,248 |
41,050 |
|
|
|
|
|
|
|
Depreciation, amortisation and impairment |
–52,751 |
– |
26,208 |
–26,542 |
|
Earnings before interest and taxes (EBIT) |
102,416 |
–1,757 |
–1,543 |
99,116 |
|
Return on sales (ROS) 2) |
5.4% |
–0.1% |
–0.1% |
5.2% |
|
Products & Care 1) |
77,443 |
– |
–1,498 |
75,946 |
|
Return on sales (ROS) 2) |
9.3% |
0.0% |
–0.2% |
9.2% |
|
Logistics & IT 1) |
25,483 |
– |
–45 |
25,438 |
|
Return on sales (ROS) 2) |
1.6% |
0.0% |
0.0% |
1.6% |
|
|
|
|
|
|
|
Net financial expenses |
–3,967 |
–198 |
1,603 |
–2,561 |
|
Earnings before taxes (EBT) |
98,450 |
–1,955 |
60 |
96,555 |
|
|
|
|
|
|
|
Income taxes |
–19,162 |
333 |
–33 |
–18,862 |
|
|
|
|
|
|
|
Profit from continuing operations |
79,287 |
–1,622 |
28 |
77,693 |
|
|
|
|
|
|
|
Profit from discontinued operations |
–29 |
– |
– |
–29 |
|
|
|
|
|
|
|
Net Profit |
79,258 |
–1,622 |
28 |
77,664 |
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
– Shareholders of Galenica Ltd. |
78,888 |
–1,622 |
26 |
77,292 |
|
– Non-controlling interests |
370 |
– |
2 |
372 |
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 |
1.58 |
–0.03 |
– |
1.55 |
|
Diluted earnings per share from continuing operations |
1.58 |
–0.03 |
– |
1.55 |
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 |