Consolidated income statement

CHF million	Notes	2021	%	2020	%

Sales	1.1	3’722	100.0	3’184	100.0

Other operating income	1.2	42		43
Income		3’763	101.1	3’227	101.3

Cost of materials and products		–1’784		–1’463
Changes in inventory of unfinished and finished goods		67		–6
Operating expenses	1.3	–640		–576
Gross value added		1’407	37.8	1’182	37.1

Personnel expenses	1.4	–995		–883
Depreciation on tangible fixed assets	2.6	–127		–127
Amortization on intangible assets		–7		–6
Operating result (EBIT)		278	7.5	166	5.2

Interest income	3.3	3		5
Interest expense	3.3	–22		–24
Other financial result	3.3	–4		–0
Share of results of associates	3.3	–0		–7
Ordinary result		254	6.8	140	4.4

Non-operating result	1.5	–2		3
Profit before taxes		253	6.8	143	4.5

Income taxes	1.6	–53		–31
Net profit		200	5.4	112	3.5
– Thereof attributable to shareholders of Georg Fischer Ltd		214		116
– Thereof attributable to minority interests		–15		–4

Basic earnings per share in CHF	1.7	52		28
Diluted earnings per share in CHF	1.7	52		28