Consolidated Income Statement

in thousands of EUR

Notes

2014

2013

Revenue

6

2,816,994

2,620,180

Cost of sales and direct related expenses

7

- 743,712

- 671,743

Gross profit

2,073,282

1,948,437

Selling and marketing costs

7

- 1,445,702

- 1,376,839

General and administrative costs

7

- 341,667

- 302,857

Share of result of associates

9

2,696

1,411

Operating result

288,609

270,152

Financial income

10

4,410

6,745

Financial costs

10

- 38,776

- 47,778

Financial result

- 34,366

- 41,033

Result before tax

254,243

229,119

Income tax

11

- 79,682

- 73,204

Result for the year

174,561

155,915

Attributable to:

Equity holders

161,203

141,473

Non-controlling interests

13,358

14,442

174,561

155,915

Earnings per share, basic and diluted (in EUR per share)

12

12.86

11.29

The accompanying notes are an integral part of these consolidated financial statements.