Consolidated income statement - Integrated annual report 2023

CHF millions	Note	2023	2022

Net sales from goods and services	13	898.8	899.4
Other operating income	14	24.1	25.7
Changes in inventories		40.1	21.4

Material expenses	15	– 147.3	– 135.6
Energy expenses		– 241.7	– 252.2
Personnel expenses	16	– 190.9	– 177.6
Depreciation	5	– 72.4	– 70.4
Impairments of tangible assets	5	– 0.8	– 2.2
Amortisation	7	– 1.6	– 1.8
Other operating expenses	17	– 217.0	– 217.6

Operating result (EBIT)		91.3	89.1
Financial result	18	– 10.9	– 7.7

Ordinary result		80.4	81.4
Non-operating result 1	19	– 0.8	0.1
Extraordinary result	20	– 0.5	– 31.4

Consolidated profit before income taxes		79.1	50.1
Income taxes	21	– 15.8	– 9.4

Consolidated profit		63.3	40.7

Earnings per share	22
Undiluted earnings per registered share A in CHF		3.19	2.05
Undiluted earnings per registered share B in CHF		0.64	0.41
Diluted earnings per registered share A in CHF		3.19	2.05
Diluted earnings per registered share B in CHF		0.64	0.41

1 This includes depreciation of CHF 0.9 million on non-operating real estate and buildings (2022: CHF 0.9 million).