Summarized consolidated income statement
in millions of EUR | 2018 | % of revenue | 2017 | % of revenue |
|---|---|---|---|---|
Revenue | 3,721 | 100.0% | 3,450 | 100.0% |
Cost of sales and direct related expenses | - 1,004 | -27.0% | - 924 | -26.8% |
Gross profit | 2,717 | 73.0% | 2,526 | 73.2% |
Selling and marketing costs | - 1,899 | -51.0% | - 1,749 | -50.7% |
General and administrative costs | - 480 | -12.9% | - 452 | -13.1% |
Share of result of associates | - 1 | 0.0% | 2 | 0.1% |
Operating result | 337 | 9.1% | 327 | 9.5% |
Fair value gain on remeasurement of Associate | - | 0.0% | 38 | 1.1% |
Net financial result | - 18 | -0.5% | - 15 | -0.4% |
Result before tax | 319 | 8.6% | 350 | 10.1% |
Income tax | - 82 | -2.2% | - 101 | -2.9% |
Result for the period | 237 | 6.4% | 249 | 7.2% |