Statement of Income
| Million € | Q1 | ||
|---|---|---|---|
| 2020 | 2019 | +/- | |
| Sales revenue | 16,753 |
15,596 |
7% |
| Cost of sales | (12,226) |
(10,927) |
(12%) |
| Gross profit on sales | 4,527 |
4,669 |
(3%) |
|
|
|
|
| Selling expenses | (1,971) |
(1,990) |
1% |
| General administrative expenses | (324) |
(336) |
4% |
| Research and development expenses | (494) |
(503) |
2% |
| Other operating income | 500 |
559 |
(11%) |
| Other operating expenses | (788) |
(697) |
(13%) |
| Income from companies accounted for using the equity methoda | 6 |
77 |
(92%) |
| Income from operations (EBIT)a | 1,456 |
1,779 |
(18%) |
|
|
|
|
| Income from non-integral companies accounted for using the equity methoda | (166) |
(28) |
. |
| Income from other shareholdings | 12 |
4 |
200% |
| Expenses from other shareholdings | (14) |
(16) |
13% |
| Net income from shareholdingsa | (168) |
(40) |
. |
|
|
|
|
| Interest income | 46 |
47 |
(2%) |
| Interest expenses | (150) |
(167) |
10% |
| Interest result |
(104) |
(120) |
13% |
| Other financial income | 79 |
8 |
. |
| Other financial expenses | (63) |
(71) |
11% |
| Other financial result | 16 |
(63) |
. |
| Financial resulta | (88) |
(183) |
52% |
|
|
|
|
| Income before income taxes | 1,200 |
1,556 |
(23%) |
| Income taxes | (319) |
(393) |
19% |
| Income after taxes from continuing operations | 881 |
1,163 |
(24%) |
| Income after taxes from discontinued operations | 22 |
277 |
(92%) |
| Income after taxes | 903 |
1,440 |
(37%) |
|
|
|
|
| Noncontrolling interests | (18) |
(34) |
47% |
| Net income | 885 |
1,406 |
(37%) |
|
|
|
|
| Earnings per share from continuing operations (€) | 0.94 |
1.24 |
(24%) |
| Earnings per share from discontinued operations (€) | 0.02 |
0.29 |
(93%) |
| Basic earnings per share (€) | 0.96 |
1.53 |
(37%) |
Diluted earnings per share (€) |
0.96 |
1.53 |
(37%) |
a The 2019 figures have been restated to reflect the reclassification of income from non-integral companies accounted for using the equity method to net income from shareholdings. For more information, see Significant Events.