Annual Report 2017

Consolidated Income Statement

in thousands of EUR

Notes

2017

2016

Revenue

7

3,449,857

3,316,077

Cost of sales and directly related costs

8

- 923,561

- 900,628

Gross profit

2,526,296

2,415,449

Selling and marketing costs

8

- 1,749,313

- 1,668,417

General and administrative costs

8

- 452,137

- 392,741

Share of result of Associates and Joint Ventures

9

1,932

3,851

Operating result

326,778

358,142

Fair value gain on remeasurement of Associate

9

37,949

-

Finance income

10

3,995

8,864

Finance costs

10

- 18,700

- 19,278

Net financial result

- 14,705

- 10,414

Result before tax

350,022

347,728

Income tax

11

- 101,055

- 95,775

Result for the year

248,967

251,953

Attributable to:

Equity holders

227,929

231,360

Non-controlling interests

21,038

20,593

248,967

251,953

Earnings per share, basic (in EUR per share)

12

0.90

0.92

Earnings per share, diluted (in EUR per share)

12

0.90

0.91

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