Consolidated Income Statement
|
|
Note |
|
Year ending |
|
Year ending |
|
Change |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales |
|
|
24,811 |
|
23,683 |
|
4.8% |
|||||
Cost of sales |
|
|
|
12,006 |
|
11,658 |
|
3.0% |
||||
Gross profit |
|
|
|
12,804 |
|
12,026 |
|
6.5% |
||||
(% of net sales) |
|
|
|
51.6% |
|
50.8% |
|
0.8pp |
||||
Royalty and commission income |
|
|
|
81 |
|
81 |
|
(0.2%) |
||||
Other operating income |
|
|
41 |
|
174 |
|
(76.6%) |
|||||
Other operating expenses |
|
|
10,871 |
|
10,945 |
|
(0.7%) |
|||||
(% of net sales) |
|
|
|
43.8% |
|
46.2% |
|
(2.4pp) |
||||
Marketing and point-of-sale expenses |
|
|
|
3,079 |
|
2,841 |
|
8.3% |
||||
(% of net sales) |
|
|
|
12.4% |
|
12.0% |
|
0.4pp |
||||
Distribution and selling expenses |
|
|
|
5,877 |
|
5,936 |
|
(1.0%) |
||||
(% of net sales) |
|
|
|
23.7% |
|
25.1% |
|
(1.4pp) |
||||
General and administration expenses |
|
|
|
1,885 |
|
2,138 |
|
(11.8%) |
||||
(% of net sales) |
|
|
|
7.6% |
|
9.0% |
|
(1.4pp) |
||||
Sundry expenses |
|
|
|
23 |
|
44 |
|
(47.4%) |
||||
(% of net sales) |
|
|
|
0.1% |
|
0.2% |
|
(0.1pp) |
||||
Impairment losses/(gains) (net) on accounts receivable and contract assets |
|
|
|
7 |
|
(15) |
|
n.a. |
||||
Operating profit |
|
|
|
2,056 |
|
1,337 |
|
53.8% |
||||
(% of net sales) |
|
|
|
8.3% |
|
5.6% |
|
2.6pp |
||||
Financial income |
|
|
74 |
|
101 |
|
(26.6%) |
|||||
Financial expenses |
|
|
310 |
|
317 |
|
(2.0%) |
|||||
Income before taxes |
|
|
|
1,820 |
|
1,121 |
|
62.3% |
||||
(% of net sales) |
|
|
|
7.3% |
|
4.7% |
|
2.6pp |
||||
Income taxes |
|
|
443 |
|
297 |
|
49.0% |
|||||
(% of income before taxes) |
|
|
|
24.3% |
|
26.5% |
|
(2.2pp) |
||||
Net income from continuing operations |
|
|
|
1,377 |
|
824 |
|
67.2% |
||||
(% of net sales) |
|
|
|
5.6% |
|
3.5% |
|
2.1pp |
||||
Gain from discontinued operations, net of tax |
|
|
8 |
|
8 |
|
1.7% |
|||||
Net income |
|
|
|
1,385 |
|
832 |
|
66.6% |
||||
(% of net sales) |
|
|
|
5.6% |
|
3.5% |
|
2.1pp |
||||
Net income attributable to shareholders |
|
|
|
1,340 |
|
764 |
|
75.4% |
||||
(% of net sales) |
|
|
|
5.4% |
|
3.2% |
|
2.2pp |
||||
Net income attributable to non-controlling interests |
|
|
|
45 |
|
68 |
|
(33.6%) |
||||
Basic earnings per share from continuing operations (in €) |
|
|
7.46 |
|
4.24 |
|
76.2% |
|||||
Diluted earnings per share from continuing operations (in €) |
|
|
7.46 |
|
4.24 |
|
76.2% |
|||||
Basic earnings per share from continuing and discontinued operations (in €) |
|
|
7.51 |
|
4.28 |
|
75.4% |
|||||
Diluted earnings per share from continuing and discontinued operations (in €) |
|
|
7.51 |
|
4.28 |
|
75.4% |
|||||
|
||||||||||||