Statement of Income

Statement of Income (million €)

 

 

1st Quarter

 

 

2017

2016

Change %

Sales revenue

 

16,857

14,208

19

Cost of sales

 

(11,482)

(9,530)

(20)

Gross profit on sales

 

5,375

4,678

15

 

 

 

 

 

Selling expenses

 

(2,017)

(1,868)

(8)

General administrative expenses

 

(343)

(326)

(5)

Research and development expenses

 

(424)

(455)

7

Other operating income

 

307

428

(28)

Other operating expenses

 

(598)

(666)

10

Income from companies accounted for using the equity method

 

151

75

101

Income from operations (EBIT)

 

2,451

1,866

31

 

 

 

 

 

Income from other shareholdings

 

10

3

233

Expenses from other shareholdings

 

(5)

(7)

29

Net income from shareholdings

 

5

(4)

.

Interest income

 

74

47

57

Interest expenses

 

(153)

(146)

(5)

Interest result

 

(79)

(99)

20

Other financial income

 

19

26

(27)

Other financial expenses

 

(97)

(111)

13

Other financial result

 

(78)

(85)

8

Financial result

 

(152)

(188)

19

 

 

 

 

 

Income before taxes and minority interests

 

2,299

1,678

37

Income taxes

 

(527)

(258)

.

Income before minority interests

 

1,772

1,420

25

 

 

 

 

 

Minority interests

 

(63)

(33)

(91)

Net income

 

1,709

1,387

23

 

 

 

 

 

Earnings per share

 

 

 

 

Basic

 

1.86

1.51

23

Diluted

 

1.86

1.51

23