Consolidated statement of income

In thousands of CHF

Note

2018

%

2017 restated 1

%

Net sales

3/4

436,356

443,370

Cost of sales

(265,914)

(262,495)

Gross profit

170,442

39.1%

180,875

40.8%

Other operating income

18

4,201

1.0%

4,093

0.9%

Development expenses

20

(53,882)

– 12.3%

(47,102)

– 10.6%

Marketing and selling expenses

(63,251)

– 14.5%

(57,006)

– 12.9%

General and administrative expenses

(32,953)

– 7.6%

(30,123)

– 6.8%

Loss on disposal of businesses

21

(6,595)

– 1.5%

0.0%

Operating income

17,962

4.1%

50,737

11.4%

Financing expenses

23

(9,387)

– 2.2%

(6,971)

– 1.6%

Financing income

23

6,562

1.5%

6,086

1.4%

Income before tax

15,137

3.5%

49,852

11.2%

Income tax

12

(2,858)

– 0.7%

(14,516)

– 3.3%

Net income

12,279

2.8%

35,336

8.0%

Earnings per share in CHF, diluted and basic

24

1.58

4.56

Operating income

17,962

4.1%

50,737

11.4%

Amortization

11/22

10,655

2.4%

4,392

1.0%

EBITA

28,617

6.6%

55,129

12.4%

Depreciation

11/22

9,176

2.1%

8,074

1.8%

EBITDA

37,793

8.7%

63,203

14.3%

1 Restated for IFRS 15 (see note 2.1).