Annual report 2018

Galenica financial statements 2018 | 83 Finance Consolidated statement of income Consolidated statement of income in thousand CHF Notes 2018 Restated 1) 2017 Net sales 5 3,165,019 3,141,171 Other income 6 15,936 22,984 Operating income 3,180,955 3,164,155 Cost of goods (2,379,327) (2,385,144) Personnel costs 7, 22 (474,453) (427,667) Other operating costs 8 (180,158) (173,835) Share of profit from associates and joint ventures 16 6,999 4,448 Earnings before interest, taxes, depreciation and amortisation (EBITDA) 154,016 181,957 Depreciation and amortisation 14,15 (40,991) (40,189) Earnings before interest and taxes (EBIT) 113,025 141,768 Financial income 9 1,061 1,229 Financial expenses 9 (3,177) (3,085) Earnings before taxes (EBT) 110,909 139,912 Income taxes 11 36,755 (21,046) Net profit 147,664 118,866 Attributable to: – Shareholders of Galenica Ltd. 147,546 118,804 – Non-controlling interests 118 62 1) Restatement upon adoption of IFRS 15 (refer to page 90) in CHF Earnings per share 10 3.00 2.43 Diluted earnings per share 10 3.00 2.42