Income statement
FY 2008 consolidated income statement
IFRS standards | FY 2008 | FY 2007 |
in million of euros | ||
Revenues | 13,611 | 13,385 |
Cost of sales | (11,486) | (11,396) |
Gross profit | 2,125 | 1,989 |
Sales department costs | (194) | (174) |
General and administrative costs | (1,245) | (1,181) |
Other operating income and charges | 4 | 6 |
Operating profit | 690 | 640 |
Net financing costs | (102) | (100) |
Share of profit of associates | 11 | 7 |
Profit for the period before tax | 599 | 547 |
Income tax expense | (202) | (184) |
Profit for the period | 397 | 363 |
Profit attributable to minority interest | 21 | 16 |
Profit attributable to equity holders of the parent | 376 | 347 |
Basic earnings per share | 2.42 | 2.22 |
Diluted earnings per share | 1.27 | 1.15 |
Operating profi t rose by 7.8% over the prior year to 690 million euro, and by 15.3% at constant currency exchange rates, exceeding the average annual target of 11% set in Ambition 2015.
The operating margin was 5.1% compared with 4.8% for Fiscal 2007.
