Consolidated financial statements

Consolidated income statement

in CHF thousands	Note	2023	2022
Net sales	1, 2	623 982	725 351
Other operating income	3	13 422	21 013
Change in inventories		‑ 7 896	18 742
Total income		629 508	765 106
Cost of materials		‑ 303 185	‑ 397 417
Cost of energy		‑ 66 169	‑ 73 243
Personnel expense	4	‑ 102 912	‑ 101 707
Maintenance and repairs		‑ 22 064	‑ 27 887
Other operating expense	5	‑ 33 173	‑ 33 758
Operating result before depreciation and amortization (EBITDA)		102 005	131 094
Depreciation on tangible fixed assets	14	‑ 17 812	‑ 16 353
Amortization of intangible assets	16	‑ 1 390	‑ 2 276
Operating result (EBIT)		82 803	112 465
Financial result	6	‑ 2 821	‑ 4 288
Ordinary result		79 982	108 177
Non-operating result	7	11 998	‑ 8 021
Result before income taxes		91 980	100 156
Income taxes	8	‑ 12 974	886
Net result		79 006	101 042
Thereof:
– Shareholders of the company		78 885	100 953
– Minority shareholders		121	89

Earnings per share (in CHF)	9		13.15		16.83
Diluted earnings per share (in CHF)	9		13.15		16.83