Financial review
Summarized consolidated income statement
in millions of EUR | 2017 | % of revenue | 2016 | % of revenue |
|---|---|---|---|---|
Revenue | 3,450 | 100.0% | 3,316 | 100.0% |
Cost of sales and direct related expenses | - 924 | -26.8% | - 901 | -27.2% |
Gross profit | 2,526 | 73.2% | 2,415 | 72.8% |
Selling and marketing costs | - 1,749 | -50.7% | - 1,668 | -50.3% |
General and administrative costs | - 452 | -13.1% | - 393 | -11.8% |
Share of result of associates | 2 | 0.1% | 4 | 0.1% |
Operating result | 327 | 9.5% | 358 | 10.8% |
Fair value gain on remeasurement of Associate | 38 | 1.1% | - | 0.0% |
Net financial result | - 15 | -0.4% | - 10 | -0.3% |
Result before tax | 350 | 10.1% | 348 | 10.5% |
Income tax | - 101 | -2.9% | - 96 | -2.9% |
Result for the period | 249 | 7.2% | 252 | 7.6% |
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