Chapters
Annual Report 2018

Financial review

Summarized consolidated income statement

in millions of EUR

2018

% of revenue

2017

% of revenue

Revenue

3,721

100.0%

3,450

100.0%

Cost of sales and direct related expenses

- 1,004

-27.0%

- 924

-26.8%

Gross profit

2,717

73.0%

2,526

73.2%

Selling and marketing costs

- 1,899

-51.0%

- 1,749

-50.7%

General and administrative costs

- 480

-12.9%

- 452

-13.1%

Share of result of associates

- 1

0.0%

2

0.1%

Operating result

337

9.1%

327

9.5%

Fair value gain on remeasurement of Associate

-

0.0%

38

1.1%

Net financial result

- 18

-0.5%

- 15

-0.4%

Result before tax

319

8.6%

350

10.1%

Income tax

- 82

-2.2%

- 101

-2.9%

Result for the period

237

6.4%

249

7.2%