Consolidated Income Statement
|
|
Note |
|
Year ending Dec. 31, 2021 |
|
Year ending Dec. 31, 2020 |
|
Change |
|---|---|---|---|---|---|---|---|---|
Net sales |
|
|
21,234 |
|
18,435 |
|
15.2% |
|
Cost of sales |
|
|
|
10,469 |
|
9,213 |
|
13.6% |
Gross profit |
|
|
|
10,765 |
|
9,222 |
|
16.7% |
(% of net sales) |
|
|
|
50.7% |
|
50.0% |
|
0.7pp |
Royalty and commission income |
|
|
|
86 |
|
61 |
|
40.9% |
Other operating income |
|
|
28 |
|
42 |
|
(34.8%) |
|
Other operating expenses |
|
|
8,892 |
|
8,580 |
|
3.6% |
|
(% of net sales) |
|
|
|
41.9% |
|
46.5% |
|
(4.7pp) |
Marketing and point-of-sale expenses |
|
|
|
2,547 |
|
2,373 |
|
7.3% |
(% of net sales) |
|
|
|
12.0% |
|
12.9% |
|
(0.9pp) |
Distribution and selling expenses |
|
|
|
4,782 |
|
4,601 |
|
3.9% |
(% of net sales) |
|
|
|
22.5% |
|
25.0% |
|
(2.4pp) |
General and administration expenses |
|
|
|
1,481 |
|
1,379 |
|
7.4% |
(% of net sales) |
|
|
|
7.0% |
|
7.5% |
|
(0.5pp) |
Sundry expenses |
|
|
|
76 |
|
116 |
|
(34.5%) |
(% of net sales) |
|
|
|
0.4% |
|
0.6% |
|
(0.3pp) |
Impairment losses (net) on accounts receivable and contract assets |
|
|
|
6 |
|
111 |
|
(94.9%) |
Operating profit |
|
|
|
1,986 |
|
746 |
|
166.3% |
(% of net sales) |
|
|
|
9.4% |
|
4.0% |
|
5.3pp |
Financial income |
|
|
19 |
|
29 |
|
(32.1%) |
|
Financial expenses |
|
|
153 |
|
196 |
|
(22.0%) |
|
Income before taxes |
|
|
|
1,852 |
|
578 |
|
220.2% |
(% of net sales) |
|
|
|
8.7% |
|
3.1% |
|
5.6pp |
Income taxes |
|
|
360 |
|
117 |
|
207.9% |
|
(% of income before taxes) |
|
|
|
19.4% |
|
20.2% |
|
(0.8pp) |
Net income from continuing operations |
|
|
|
1,492 |
|
461 |
|
223.4% |
(% of net sales) |
|
|
|
7.0% |
|
2.5% |
|
4.5pp |
Gain/(loss) from discontinued operations, net of tax |
|
|
666 |
|
(19) |
|
n.a. |
|
Net income |
|
|
|
2,158 |
|
443 |
|
387.4 % |
(% of net sales) |
|
|
|
10.2% |
|
2.4% |
|
7.8pp |
Net income attributable to shareholders |
|
|
|
2,116 |
|
432 |
|
389.6% |
(% of net sales) |
|
|
|
10.0% |
|
2.3% |
|
7.6pp |
Net income attributable to non-controlling interests |
|
|
|
42 |
|
11 |
|
296.5% |
|
|
|
|
|
|
|
|
|
Basic earnings per share from continuing operations (in €) |
|
|
7.47 |
|
2.31 |
|
223.3% |
|
Diluted earnings per share from continuing operations (in €) |
|
|
7.47 |
|
2.31 |
|
223.3% |
|
|
|
|
|
|
|
|
|
|
Basic earnings per share from continuing and discontinued operations (in €) |
|
|
10.90 |
|
2.21 |
|
392.1% |
|
Diluted earnings per share from continuing and discontinued operations (in €) |
|
|
10.90 |
|
2.21 |
|
392.1% |