Consolidated financial statements
Consolidated income statement
April 1 to March 31, in CHF million | Notes | 2024/25 | 2023/24 | |||
Sales | 3,865.4 | 3,626.9 | ||||
Cost of sales | (1,080.9) | (1,016.5) | ||||
Gross profit | 2,784.5 | 2,610.4 | ||||
Research and development1) | (235.1) | (239.0) | ||||
Sales and marketing1) | (1,465.1) | (1,346.0) | ||||
General and administration | (392.6) | (354.9) | ||||
Other income | 0.2 | 0.0 | ||||
Other expenses | 0.0 | (0.6) | ||||
Operating profit (EBIT)2) | 691.9 | 669.9 | ||||
Financial income | 6.8 | 12.3 | ||||
Financial expenses | (52.1) | (39.2) | ||||
Share of profit/(loss) in associates/joint ventures, net | 5.4 | 4.4 | ||||
Income before taxes | 652.0 | 647.3 | ||||
Income taxes | (105.0) | (37.8) | ||||
Income after taxes | 547.0 | 609.5 | ||||
Attributable to: | ||||||
Equity holders of the parent | 540.5 | 601.0 | ||||
Non-controlling interests | 6.4 | 8.5 | ||||
Basic earnings per share (CHF) | 9.07 | 10.08 | ||||
Diluted earnings per share (CHF) | 9.04 | 10.05 |
1)Includes acquisition-related amortization of CHF 1.5 million (previous year: CHF 1.5 million) in “Research and development” and CHF 56.3 million (previous year: CHF 55.6 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 749.8 million (previous year: CHF 727.0 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.