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Consolidated financial statements (IFRS)
Consolidated income statement
€ million Note 1 Jan.–31 Dec. 2016 % 1 Jan.–31 Dec. 2015 %
Net sales 2 10,180.4 100.0 8,678.9 100.0
Cost of goods sold -8,718.7 -85.6 -7,540.4 -86.9
Gross profit 1,461.7 14.4 1,138.5 13.1
Other operating income 4 5 699.0 6.9 800.4 9.2
Employee benefit expense 6 30 -722.8 -7.1 -544.8 -6.3
Lease expenditure -458.1 -4.5 -407.7 -4.7
Marketing costs -219.2 -2.2 -221.6 -2.6
Property and store site maintenance -129.0 -1.3 -105.4 -1.2
Information system expenses -91.8 -0.9 -78.5 -0.9
Other operating expenses 4 -231.4 -2.3 -249.6 -2.9
Depreciation, amortisation and impairment 11 12 -161.6 -1.6 -136.8 -1.6
Operating profit 146.8 1.4 194.6 2.2
Interest income and other finance income 7 15.0 0.1 10.4 0.1
Interest expense and other finance costs 7 -11.6 -0.1 -14.2 -0.2
Foreign exchange differences 7 -4.4 -0.0 -3.3 -0.0
Total finance income and costs 7 -1.0 -0.0 -7.1 -0.1
Investments accounted for using the equity method -0.6 -0.0 0.6 0.0
Profit before tax 145.2 1.4 188.0 2.2
Income tax 8 -31.4 -0.3 -70.7 -0.8
Profit for the year 113.8 1.1 117.4 1.4
Profit for the year attributable to
Owners of the parent 98.6 101.6
Non-controlling interests 15.3 15.7
Earnings per share for profit attributable to owners of the parent
Basic, € 10 0.99 1.03
Diluted, € 10 0.99 1.03
Consolidated statement of comprehensive income
€ million Note 1 Jan.–31 Dec. 2016 1 Jan.–31 Dec. 2015
Profit for the year 113.8 117.4
Items that will not be reclassified subsequently to profit or loss
Actuarial gains and losses 9 17 -11.1 23.0
Items that may be reclassified subsequently to profit or loss
Currency translation differences related to a foreign operation 9 10.4 -17.4
Cash flow hedge revaluation 9 2.4 -0.0
Revaluation of available-for-sale financial assets 9 0.5 1.1
Others 9 -0.3 -0.3
Total comprehensive income for the year, net of tax 2.0 6.4
Total comprehensive income for the year 115.8 123.8
Comprehensive income for the year attributable to
Owners of the parent 100.8 118.9
Non-controlling interests 15.0 4.9