Statement of Income

Statement of income (Million €)

 

 

 

Q1

 

 

 

2019

2018

+/–

Sales revenue

 

 

16,177

15,700

3%

Cost of sales

 

 

(11,254)

(10,714)

(5%)

Gross profit on sales

 

 

4,923

4,986

(1%)

 

 

 

 

 

 

Selling expenses

 

 

(2,202)

(1,969)

(12%)

General administrative expenses

 

 

(353)

(322)

(10%)

Research and development expenses

 

 

(511)

(424)

(21%)

Other operating income

 

 

561

671

(16%)

Other operating expenses

 

 

(709)

(729)

3%

Income from companies accounted for using the equity method

 

 

49

50

(2%)

Income from operations (EBIT)

 

 

1,758

2,263

(22%)

 

 

 

 

 

 

Income from other shareholdings

 

 

4

12

(67%)

Expenses from other shareholdings

 

 

(16)

(5)

.

Net income from shareholdings

 

 

(12)

7

.

Interest income

 

 

47

37

27%

Interest expenses

 

 

(168)

(107)

(57%)

Interest result

 

 

(121)

(70)

(73%)

Other financial income

 

 

8

7

14%

Other financial expenses

 

 

(71)

(125)

43%

Other financial result

 

 

(63)

(118)

47%

Financial result

 

 

(196)

(181)

(8%)

 

 

 

 

 

 

Income before income taxes

 

 

1,562

2,082

(25%)

Income taxes

 

 

(396)

(501)

21%

Income after taxes from continuing operations

 

 

1,166

1,581

(26%)

Income after taxes from discontinued operations

 

 

274

177

55%

Income after taxes

 

 

1,440

1,758

(18%)

 

 

 

 

 

 

Noncontrolling interests

 

 

(34)

(79)

57%

Net income

 

 

1,406

1,679

(16%)

 

 

 

 

 

 

Earnings per share from continuing operations

 

1.24

1.65

(25%)

Earnings per share from discontinued operations

 

0.29

0.18

61%

Basic earnings per share

 

1.53

1.83

(16%)

Diluted earnings per share

 

1.53

1.83

(16%)