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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

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