Group Financial Review

Summarized consolidated income statement

in millions of EUR

2014

% of revenue

2013

% of revenue

Revenue

2,817

100%

2,620

100%

Cost of sales and direct related expenses

- 744

-26%

- 672

-26%

Gross profit

2,073

74%

1,948

74%

Selling and marketing costs

- 1,446

-51%

- 1,377

-53%

General and administrative costs

- 342

-12%

- 303

-12%

Share of result of associates

3

0%

1

0%

Operating result

289

10%

270

10%

Financial result

- 34

-1%

- 41

-2%

Result before tax

254

9%

229

9%

Income tax

- 80

-3%

- 73

-3%

Result for the period

175

6%

156

6%