Consolidated statement of income

In € millions, for the year ended December 31

Note

 

2021

 

2022

 

 

 

 

 

 

Continuing operations

 

 

 

 

 

Revenue

5

9,587

 

10,846

 

Cost of sales*

6

(5,683)

 

(6,923)

 

 

 

 

 

 

 

Gross profit

 

 

3,904

 

3,923

Selling and distribution expenses*

6

(2,041)

 

(2,308)

 

General and administrative expenses

6

(582)

 

(649)

 

Research and development expenses

6

(230)

 

(258)

 

Other results

6

67

 

 

 

 

 

(2,786)

 

(3,215)

Operating income

 

 

1,118

 

708

Financing income and expenses

8

(39)

 

(124)

 

Results from associates and joint ventures

14

26

 

18

 

Profit before tax

 

 

1,105

 

602

Income tax

9

 

(246)

 

(214)

Profit for the period from continuing operations

 

 

859

 

388

 

 

 

 

 

 

Discontinued operations

 

 

 

 

 

Profit / (loss) for the period from discontinued operations

 

 

6

 

(10)

Profit for the period

 

 

865

 

378

 

 

 

 

 

 

Attributable to

 

 

 

 

 

Shareholders of the company

 

 

829

 

352

Non-controlling interests

 

 

36

 

26

Profit for the period

 

 

865

 

378

 

 

 

 

 

 

Earnings per share, in €

 

 

 

 

 

Continuing operations

 

 

 

 

 

Basic

10

 

4.45

 

2.07

Diluted

10

 

4.43

 

2.06

Discontinued operations

 

 

 

 

 

Basic

10

 

0.03

 

(0.06)

Diluted

10

 

0.03

 

(0.05)

Total operations

 

 

 

 

 

Basic

10

 

4.48

 

2.01

Diluted

10

 

4.46

 

2.01

1

Cost of sales and selling and distribution expenses for 2021 have been updated to reflect changes in the financial reporting structure related to changes in the organizational set-up and governance structure, leading to a reclassification between cost of sales (decrease) and selling and distribution expenses (increase) of €49 million.