Consolidated Income Statement for the Year Ended December 31

in CHF mn Notes* % 2019 % 2020 Verände-
rungen in %
Net sales 1, 2  100.0 8,109.2  100.0 7,877.5 -2.9
Material expenses 3 -46.4 -3,765.2 -45.2 -3,562.7  
Gross result    53.6 4,344.0  54.8 4,314.8 -0.7
Personnel expenses 4 -19.0 -1,544.3 -19.4 -1,525.9  
Other operating expenses 5 -17.5 -1,412.1 -16.4 -1,291.3  
Operating profit before depreciation    17.1 1,387.6  19.0 1,497.6  7.9
Depreciation and amortization expenses 2, 15, 16 -4.1 -332.5 -4.6 -367.1  
Operating profit 2  13.0 1,055.1  14.4 1,130.5  7.1
Interest income 7  0.0  3.5  0.0  5.5  
Interest expenses  6 -0.7 -58.5 -0.7 -57.4  
Other financial income 7  0.1  6.0  0.1  6.0  
Other financial expenses 6 -0.5 -40.1 -0.3 -24.7  
Income from associated companies 7  0.0  0.6  0.0  0.5  
Profit before taxes    11.9  966.6  13.5 1,060.4  9.7
Income taxes 8 -2.5 -208.1 -3.0 -235.3  
             
Net profit    9.4  758.5  10.5  825.1  8.8
Profit attributable to Sika shareholders    9.3  751.9  10.5  824.5  
Profit attributable to non-controlling interests 24  0.1  6.6  0.0  0.6  
             
Undiluted earnings per share (in CHF) 9   5.30   5.82 9.8
Diluted earnings per share (in CHF) 9   4.81   5.22 8.5

* See notes in Financial Report