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).