Consolidated Income Statement

in thousands of EUR

Notes

2016

2015

Revenue

7

3,316,077

3,204,886

Cost of sales and directly related costs

8

- 900,628

- 876,455

Gross profit

2,415,449

2,328,431

Selling and marketing costs

8

- 1,668,417

- 1,616,602

General and administrative costs

8

- 392,741

- 363,286

Share of result of Associates and Joint Ventures

9

3,851

4,620

Operating result

358,142

353,163

Finance income

10

8,864

4,849

Finance costs

10

- 19,278

- 23,997

Net financial result

- 10,414

- 19,148

Result before tax

347,728

334,015

Income tax

11

- 95,775

- 103,021

Result for the year

251,953

230,994

Attributable to:

Equity holders

231,360

212,730

Non-controlling interests

20,593

18,264

251,953

230,994

Earnings per share, basic (in EUR per share)

12

0.92

0.84

Earnings per share, diluted (in EUR per share)

12

0.91

0.84

The accompanying notes are an integral part of these consolidated financial statements.