Consolidated Income Statement
|
|
Note |
|
Year ending Dec. 31, 2023 |
|
Year ending Dec. 31, 2022 |
|
Change |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales |
|
|
21,427 |
|
22,511 |
|
(4.8%) |
|||||
Cost of sales |
|
|
|
11,244 |
|
11,867 |
|
(5.3%) |
||||
Gross profit |
|
|
|
10,184 |
|
10,644 |
|
(4.3%) |
||||
(% of net sales) |
|
|
|
47.5% |
|
47.3% |
|
0.2pp |
||||
Royalty and commission income |
|
|
|
83 |
|
112 |
|
(26.0%) |
||||
Other operating income |
|
|
71 |
|
173 |
|
(58.8%) |
|||||
Other operating expenses |
|
|
10,070 |
|
10,260 |
|
(1.9%) |
|||||
(% of net sales) |
|
|
|
47.0% |
|
45.6% |
|
1.4pp |
||||
Marketing and point-of-sale expenses |
|
|
|
2,528 |
|
2,763 |
|
(8.5%) |
||||
(% of net sales) |
|
|
|
11.8% |
|
12.3% |
|
(0.5pp) |
||||
Distribution and selling expenses |
|
|
|
5,547 |
|
5,601 |
|
(1.0%) |
||||
(% of net sales) |
|
|
|
25.9% |
|
24.9% |
|
1.0pp |
||||
General and administration expenses |
|
|
|
1,839 |
|
1,651 |
|
11.4% |
||||
(% of net sales) |
|
|
|
8.6% |
|
7.3% |
|
1.2pp |
||||
Sundry expenses |
|
|
|
137 |
|
182 |
|
(24.8%) |
||||
(% of net sales) |
|
|
|
0.6% |
|
0.8% |
|
(0.2pp) |
||||
Impairment losses (net) on accounts receivable and contract assets |
|
|
|
19 |
|
63 |
|
(70.5%) |
||||
Operating profit |
|
|
|
268 |
|
669 |
|
(59.9%) |
||||
(% of net sales) |
|
|
|
1.3% |
|
3.0% |
|
(1.7pp) |
||||
Financial income |
|
|
79 |
|
39 |
|
102.8% |
|||||
Financial expenses |
|
|
282 |
|
320 |
|
(11.9%) |
|||||
Income before taxes |
|
|
|
65 |
|
388 |
|
(83.1%) |
||||
(% of net sales) |
|
|
|
0.3% |
|
1.7% |
|
(1.4pp) |
||||
Income taxes |
|
|
124 |
|
134 |
|
(7.4%) |
|||||
(% of income before taxes) |
|
|
|
189.2% |
|
34.5% |
|
154.7pp |
||||
Net (loss)/income from continuing operations |
|
|
|
(58) |
|
254 |
|
n.a. |
||||
(% of net sales) |
|
|
|
(0.3%) |
|
1.1% |
|
n.a. |
||||
Gain from discontinued operations, net of tax |
|
|
44 |
|
384 |
|
(88.4%) |
|||||
Net (loss)/income |
|
|
|
(14) |
|
638 |
|
n.a. |
||||
(% of net sales) |
|
|
|
(0.1%) |
|
2.8% |
|
n.a. |
||||
Net (loss)/income attributable to shareholders |
|
|
|
(75) |
|
612 |
|
n.a. |
||||
(% of net sales) |
|
|
|
(0.4%) |
|
2.7% |
|
n.a. |
||||
Net income attributable to non-controlling interests |
|
|
|
61 |
|
26 |
|
136.0% |
||||
Basic earnings per share from continuing operations (in €) |
|
|
(0.67) |
|
1.25 |
|
n.a. |
|||||
Diluted earnings per share from continuing operations (in €) |
|
|
(0.67) |
|
1.25 |
|
n.a. |
|||||
Basic earnings per share from continuing and discontinued operations (in €) |
|
|
(0.42) |
|
3.34 |
|
n.a. |
|||||
Diluted earnings per share from continuing and discontinued operations (in €) |
|
|
(0.42) |
|
3.34 |
|
n.a. |
|||||
|
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