PRIMARY FINANCIAL STATEMENTS

Income Statement



(all amounts in Euro thousands)
Group Year ended 31 December Company Year ended 31 December
Notes 2017 2016 2017 2016
Turnover 3 1,505,803 1,509,153 233,805 262,475
Cost of sales 5 -1,070,349 -1,072,139 -182,851 -199,836
Gross profit before depreciation, amortization and impairment   435,454 437,014 50,954 62,639
Other income 4 10,631 8,972 15,847 15,470
Administrative expenses 5 -125,459 -122,108 -44,526 -43,276
Selling and marketing expenses 5 -22,570 -21,628 -253 -271
Other expenses 4 -24,615 -23,651 -7,218 -4,476
Profit before interest, taxes, depreciation, amortization and impairment   273,441 278,599 14,804 30,086
Depreciation and amortization related to cost of sales 11, 13, 27 -106,209 -109,421 -14,445 -13,572
Depreciation and amortization related to administrative and selling expenses 11, 13, 27 -6,085 -6,872 -1,272 -1,181
Impairment of tangible and intangible assets related to cost of sales 11, 13 -4,135 -10,814 -2,150 -
Profit/(loss) before interest and taxes   157,012 151,492 -3,063 15,333
Income from participations and investments   162 1,926 34,377 29,379
Losses from participations and investments   - - -178 -
Finance income 6.i 899 2,900 2 24
Finance expense 6.ii -65,033 -67,303 -16,161 -22,333
(Losses)/gains from foreign exchange differences 6.iii -22,326 -25,982 -3,096 303
Share of (loss)/profit of associates and joint ventures 15 -7,488 492 - -
Profit before taxes   63,226 63,525 11,881 22,706
(Less)/plus: Income tax 8 -18,929 63,805 1,510 -5,887
Profit after taxes   44,297 127,330 13,391 16,819
 
Attributable to:  
Equity holders of the parent 42,680 127,444
Non-controlling interests 1,617 -114
44,297 127,330
           
Basic earnings per share (in €) 9 0.5292 1.5612
Diluted earnings per share (in €) 9 0.5256 1.5521

The primary financial statements should be read in conjunction with the accompanying notes.
Back to top