CONSOLIDATED FINANCIAL STATEMENTS

Consolidated financial statements

Consolidated income statement

April 1 to March 31, in CHF million

 

Notes

 

2022/23

 

2021/22

 

Sales

 

2.2,2.3

 

3,738.4

 

3,363.9

 

Cost of sales

 

 

 

(1,101.0)

 

(903.3)

 

Gross profit

 

 

 

2,637.4

 

2,460.7

 

Research and development 1)

 

 

 

(244.6)

 

(230.5)

 

Sales and marketing 1)

 

 

 

(1,316.4)

 

(1,137.6)

 

General and administration

 

 

 

(330.2)

 

(320.9)

 

Other income

 

2.4

 

0.6

 

0.1

 

Other expenses

 

2.4

 

(0.0)

 

(11.6)

 

Operating profit (EBIT) 2)

 

 

 

746.7

 

760.0

 

Financial income

 

4.2

 

15.0

 

1.7

 

Financial expenses

 

4.2

 

(49.9)

 

(36.5)

 

Share of profit/(loss) in associates/joint ventures, net

 

6.2

 

3.9

 

3.0

 

Income before taxes

 

 

 

715.6

 

728.2

 

Income taxes

 

5.1

 

(57.4)

 

(64.5)

 

Income after taxes

 

 

 

658.3

 

663.6

 

 

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

 

Equity holders of the parent

 

 

 

647.5

 

649.0

 

Non-controlling interests

 

 

 

10.7

 

14.7

 

 

 

 

 

 

 

 

 

Basic earnings per share (CHF)

 

2.5

 

10.75

 

10.42

 

Diluted earnings per share (CHF)

 

2.5

 

10.72

 

10.35

 

1) Includes acquisition-related amortization of CHF 1.6 million (previous year: CHF 0.6 million) in “Research and development” and CHF 53.3 million (previous year: CHF 42.4 million) in “Sales and marketing”. EBITA (Earnings before financial result, share of profit/(loss) in associates/joint ventures, taxes and acquisition-related amortization) amounts to CHF 801.6 million (previous year: CHF 802.9 million). Refer to Note 2.1

2) Earnings before financial result, share of profit/(loss) in associates/joint ventures and taxes (EBIT).

The Notes are an integral part of the consolidated financial statements.