Consolidated income statement - Integrated annual report 2024

CHF millions	Note	2024	2023

Net sales from goods and services	13	842.1	898.8
Other operating income	14	17.6	24.1
Changes in inventories		– 4.3	40.1

Material expenses	15	– 146.6	– 147.3
Energy expenses		– 172.9	– 241.7
Personnel expenses	16	– 189.9	– 190.9
Depreciation	5	– 77.2	– 72.4
Impairments of tangible assets	5	–	– 0.8
Amortisation	7	– 1.3	– 1.6
Other operating expenses	17	– 208.9	– 217.0
Costs related to plant closure	18	– 24.3	–

Operating result		34.3	91.3
Financial result	19	– 12.2	– 10.9

Ordinary result		22.1	80.4
Non-operating result 1	20	1.3	– 0.8
Extraordinary result	21	1.3	– 0.5

Consolidated profit before income taxes		24.7	79.1
Income taxes	22	– 11.0	– 15.8

Consolidated profit		13.7	63.3

Earnings per share	23
Undiluted earnings per registered share A in CHF		0.69	3.19
Undiluted earnings per registered share B in CHF		0.14	0.64
Diluted earnings per registered share A in CHF		0.69	3.19
Diluted earnings per registered share B in CHF		0.14	0.64

1 This includes depreciation of CHF 0.8 million on non-operating real estate and buildings (2023: CHF 0.9 million).