Chapters
Annual Report 2020

Consolidated Income Statement

in thousands of EUR

Notes

2020

2019

Revenue

5

3,480,989

4,039,306

Cost of sales and directly related costs

6

- 988,432

- 1,109,550

Gross profit

2,492,557

2,929,756

Selling and marketing costs

6

- 1,807,630

- 2,027,025

General and administrative costs

6

- 624,385

- 578,091

Share of result of Associates and Joint Ventures

- 950

- 671

Operating result

59,592

323,969

Finance income

8

8,719

3,592

Finance costs

8

- 59,079

- 53,013

Net financial result

- 50,360

- 49,421

Result before tax

9,232

274,548

Income tax

10

- 53,954

- 79,177

Result for the year

- 44,722

195,371

Attributable to:

Equity holders

- 66,893

178,483

Non-controlling interests

22,171

16,888

Result for the year

- 44,722

195,371

Earnings per share, basic and diluted (in EUR per share)

9

- 0.26

0.70

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