In the first half of 2016, the Galenica Group increased consolidated net sales
by 12.1% to CHF 2,009.3 million.
Net profit before deduction of minority interests rose by 23.3% to CHF 194.6 million and net profit after deduction of minority interests rose by 21.5% to
CHF 158.9 million. On a comparable basis – without accounting components of IAS 19 – net profit before deduction of minority interests rose by 23.5% to
CHF 201.7 million and net profit after deduction of minority interests increased by 21.8% to CHF 166.0 million.
Consolidated earnings before interest, taxes, depreciation and amortisation
(EBITDA) rose by 21.0% to CHF 290.7 million and operating result (EBIT) by 20.2% to CHF 241.3 million. On a comparable basis EBITDA grew by 21.2% to CHF 299.2 million and EBIT by 20.5% to CHF 249.9 million.
The accounting components of IAS 19 only impacted the consolidated earnings
of the Group, not the earnings of the Business sectors.
As part of ongoing and new projects investments in research and development amounted as planned to CHF 48.9 million (previous year: CHF 39.8 million).
Investments in tangible and intangible assets including upfront and expected milestone payments of CHF 124.3 million (previous year: CHF 154.8 million) totalled CHF 162.5 million (previous year: CHF 188.6 million).