Chapters
Annual Report 2018

Consolidated Income Statement

in thousands of EUR

Notes

2018

2017

Revenue

6

3,720,976

3,449,857

Cost of sales and directly related costs

7

- 1,003,547

- 923,561

Gross profit

2,717,429

2,526,296

Selling and marketing costs

7

- 1,899,119

- 1,749,313

General and administrative costs

7

- 480,284

- 452,137

Share of result of Associates and Joint Ventures

14

- 702

1,932

Operating result

337,324

326,778

Fair value gain on remeasurement of Associate

-

37,949

Finance income

8

1,873

3,995

Finance costs

8

- 20,229

- 18,700

Net financial result

- 18,356

- 14,705

Result before tax

318,968

350,022

Income tax

10

- 81,672

- 101,055

Result for the year

237,296

248,967

Attributable to:

Equity holders

216,278

227,929

Non-controlling interests

21,018

21,038

237,296

248,967

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

9

0.85

0.90

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