Consolidated income statement

For the years ended 31 December 2018 and 2017, CHF million	Notes	2018	%	2017	%

Sales	(1.2.1)	4’572	100	4’150	100

Other operating income	(1.2.2)	56		43
Income		4’628	101	4’193	101

Cost of materials and products		–2’255		–1’991
Changes in inventory of unfinished and finished goods		71		37
Operating expenses	(1.3.1)	–776		–700
Gross value added		1’668	36	1’539	37

Personnel expenses	(1.3.2)	–1’139		–1’048
Depreciation on tangible fixed assets	(2.4)	–142		–131
Amortization on intangible assets	(2.5)	–5		–8
Operating result (EBIT)		382	8.4	352	8.5

Interest income	(3.2)	2		2
Interest expense	(3.2)	–31		–28
Other financial result	(3.2)	–6		–5
Ordinary result		347	8	321	8

Non-operating result		1		1
Extraordinary result
Profit before taxes		348	8	322	8

Income taxes	(1.4)	–69		–64
Net profit		279	6	258	6
– Thereof attributable to shareholders of Georg Fischer Ltd		281		252
– Thereof attributable to non-controlling interests		–2		6

Basic earnings per share in CHF	(1.5)	69		62
Diluted earnings per share in CHF	(1.5)	69		62