2.1 Income statement reconciliation
The Group presents the “Consolidated income statement” based on a classification of costs by function and is continuously amending its business portfolio with acquisitions, resulting in acquisition-related intangibles (see section “Intangible assets” in Note 3.5) and related amortization charges. To calculate EBITA1), which is the key profit metric for internal (refer to Note 2.2) as well as external purposes, acquisition-related amortization is separated from the individual functions as disclosed below.
April 1 to March 31, CHF million | 2024/25 | |||||
Income statement as reported | Acquisition related amortization | Income statement EBITA separation | ||||
Sales | 3,865.4 | 3,865.4 | ||||
Cost of sales | (1,080.9) | (1,080.9) | ||||
Gross profit | 2,784.5 | 2,784.5 | ||||
Research and development | (235.1) | 1.5 | (233.6) | |||
Sales and marketing | (1,465.1) | 56.3 | (1,408.8) | |||
General and administration | (392.6) | (392.6) | ||||
Other income / (expenses), net | 0.2 | 0.2 | ||||
Operating profit before acquisition-related amortization (EBITA)1) | 749.8 | |||||
Acquisition-related amortization | (57.9) | (57.9) | ||||
Operating profit (EBIT)2) | 691.9 | 691.9 | ||||
1)Earnings before financial result, share of profit/(loss) in associates/joint ventures, taxes and acquisition-related amortization (EBITA).
2)Earnings before financial result, share of profit/(loss) in associates/joint ventures and taxes (EBIT).
April 1 to March 31, CHF million | 2023/24 | |||||
Income statement as reported | Acquisition related amortization | Income statement EBITA separation | ||||
Sales | 3,626.9 | 3,626.9 | ||||
Cost of sales | (1,016.5) | (1,016.5) | ||||
Gross profit | 2,610.4 | 2,610.4 | ||||
Research and development | (239.0) | 1.5 | (237.5) | |||
Sales and marketing | (1,346.0) | 55.6 | (1,290.4) | |||
General and administration | (354.9) | (354.9) | ||||
Other income / (expenses), net | (0.6) | (0.6) | ||||
Operating profit before acquisition-related amortization (EBITA)1) | 727.0 | |||||
Acquisition-related amortization | (57.1) | (57.1) | ||||
Operating profit (EBIT)2) | 669.9 | 669.9 | ||||
1)Earnings before financial result, share of profit/(loss) in associates/joint ventures, taxes and acquisition-related amortization (EBITA).
2)Earnings before financial result, share of profit/(loss) in associates/joint ventures and taxes (EBIT).