Consolidated Income Statement
|
|
Note |
|
Year ending Dec. 31, 2020 |
|
Year ending Dec. 31, 2019 |
|
Change |
|---|---|---|---|---|---|---|---|---|
Net sales |
|
|
19,844 |
|
23,640 |
|
(16.1%) |
|
Cost of sales |
|
|
|
9,990 |
|
11,347 |
|
(12.0%) |
Gross profit |
|
|
|
9,855 |
|
12,293 |
|
(19.8%) |
(% of net sales) |
|
|
|
49.7% |
|
52.0% |
|
(2.3pp) |
Royalty and commission income |
|
|
|
83 |
|
154 |
|
(46.2%) |
Other operating income |
|
|
42 |
|
56 |
|
(24.5%) |
|
Other operating expenses |
|
|
9,229 |
|
9,843 |
|
(6.2%) |
|
(% of net sales) |
|
|
|
46.5% |
|
41.6% |
|
4.9pp |
Marketing and point-of-sale expenses |
|
|
|
2,573 |
|
3,042 |
|
(15.4%) |
(% of net sales) |
|
|
|
13.0% |
|
12.9% |
|
0.1pp |
Distribution and selling expenses |
|
|
|
4,962 |
|
4,997 |
|
(0.7%) |
(% of net sales) |
|
|
|
25.0% |
|
21.1% |
|
3.9pp |
General and administration expenses |
|
|
|
1,461 |
|
1,652 |
|
(11.6%) |
(% of net sales) |
|
|
|
7.4% |
|
7.0% |
|
0.4pp |
Sundry expenses |
|
|
|
119 |
|
134 |
|
(11.6%) |
(% of net sales) |
|
|
|
0.6% |
|
0.6% |
|
0.0pp |
Impairment losses (net) on accounts receivable and contract assets |
|
|
|
114 |
|
18 |
|
541.8% |
Operating profit |
|
|
|
751 |
|
2,660 |
|
(71.8%) |
(% of net sales) |
|
|
|
3.8% |
|
11.3% |
|
(7.5pp) |
Financial income |
|
|
29 |
|
64 |
|
(55.2%) |
|
Financial expenses |
|
|
204 |
|
166 |
|
23.2% |
|
Income before taxes |
|
|
|
575 |
|
2,558 |
|
(77.5%) |
(% of net sales) |
|
|
|
2.9% |
|
10.8% |
|
(7.9pp) |
Income taxes |
|
|
146 |
|
640 |
|
(77.2%) |
|
(% of income before taxes) |
|
|
|
25.4% |
|
25.0% |
|
0.3pp |
Net income from continuing operations |
|
|
|
429 |
|
1,918 |
|
(77.6%) |
(% of net sales) |
|
|
|
2.2% |
|
8.1% |
|
(6.0pp) |
Gain from discontinued operations, net of tax |
|
|
13 |
|
59 |
|
(77.5%) |
|
Net income |
|
|
|
443 |
|
1,977 |
|
(77.6%) |
(% of net sales) |
|
|
|
2.2% |
|
8.4% |
|
(6.1pp) |
Net income attributable to shareholders |
|
|
|
432 |
|
1,976 |
|
(78.1%) |
(% of net sales) |
|
|
|
2.2% |
|
8.4% |
|
(6.2pp) |
Net income attributable to non-controlling interests |
|
|
|
11 |
|
2 |
|
540.9% |
|
|
|
|
|
|
|
|
|
Basic earnings per share from continuing operations (in €) |
|
|
2.15 |
|
9.70 |
|
(77.9%) |
|
Diluted earnings per share from continuing operations (in €) |
|
|
2.15 |
|
9.70 |
|
(77.9%) |
|
|
|
|
|
|
|
|
|
|
Basic earnings per share from continuing and discontinued operations (in €) |
|
|
2.21 |
|
10.00 |
|
(77.8%) |
|
Diluted earnings per share from continuing and discontinued operations (in €) |
|
|
2.21 |
|
10.00 |
|
(77.8%) |