Consolidated statement of income

In thousands of CHF

Note

2017

%

2016

%

Net sales

3

438,355

332,437

Cost of sales

(257,943)

(197,428)

Gross profit

180,412

41.2%

135,009

40.6%

Other operating income

17

6,580

1.5%

5,820

1.8%

Development expenses

19

(48,967)

– 11.2%

(37,470)

– 11.3%

Marketing and selling expenses

(57,006)

– 13.0%

(45,162)

– 13.6%

General and administrative expenses

(30,123)

– 6.9%

(21,724)

– 6.5%

Operating income

50,895

11.6%

36,473

11.0%

Financing expenses

21

(6,971)

– 1.6%

(6,333)

– 1.9%

Financing income

21

6,086

1.4%

5,950

1.8%

Income before tax

50,010

11.4%

36,090

10.9%

Income tax

10

(14,551)

– 3.3%

(8,754)

– 2.6%

Net income

35,460

8.1%

27,336

8.2%

Earnings per share in CHF, diluted and basic *

22

4.58

3.53

Operating income

50,895

11.6%

36,473

11.0%

Amortization

20

4,392

1.0%

3,157

0.9%

EBITA

55,287

12.6%

39,630

11.9%

Depreciation

20

8,074

1.8%

8,069

2.4%

EBITDA

63,360

14.5%

47,699

14.3%

* 2016 restated to reflect the number of shares outstanding after the ten-for-one stock split of April 28, 2017 (see note 27).