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).