Income Statement

CAMPARI GROUP - Consolidated Income Statement - IAS/IFRS

millions of Euro20182017(3)201620152014201320122011201020092008
Net sales 1,711.7 1,753.4 1,726.5 1,656.8 1,560.0 1,524.1  1,340.8 1,274.2 1,163.0 1,008.4 942.3
COGS (1) (683.6) (741.1) (741.9) (739.8) (728.3) (713.7) (571.3) (539.6) (496.2) (435.6) (428.2)
GROSS MARGIN 1,028.1 1,012.3 984.6 917.1 831.7 810.5  769.5 734.6 666.8 572.8 514.1
Advertising and promotion (289.2) (279.9) (308.6) (286.3) (260.8) (249.2) (237.2) (229.1) (203.2) (171.6) (172.9)
CONTRIBUTION AFTER A&P 738.9 732.4 676.0 630.8 570.9 561.3
532.3 505.5 463.6 401.2 341.2
SG&A (2) (360.1) (351.9) (323.5) (298.0) (272.7) (261.6) (227.7) (206.8) (190.8) (161.4) (142.2)
EBIT adjusted 378.8 380.5 352.5 332.7 298.2 299.6  304.7 298.7 272.8 239.7 199.0
Operating adjustments 1.9 13.9 (33.2) (22.9) (43.2) (10.3) (17.2) (3.1) (3.3) (4.1) (3.6)
Operating profit = EBIT  380.7 394.3 319.4 309.8 255.0 289.3  287.5 295.5 269.5 235.6 195.4
Total financial income (expenses) (32.0) (64.8) (83.2) (60.0) (61.1) (59.1) (51.3) (45.1) (35.6) (36.6) (22.2)
Put options costs 2.3 (2.8) 0.6 (0.4) 0.5 0.2 (0.1) 0.5 (0.3) 0.0 (1.0)
Proft (loss) related to companies valued at equity (0.2) - - - - - - - - - -
PRETAX PROFIT 350.8 326.7 236.7 249.4 194.2 230.2  236.2 250.6 232.9 198.3 172.4
Taxes (54.5) 29.7 (70.5) (73.4) (64.6) (79.8) (79.0) (90.9) (76.2) (60.8) (45.7)
Net profit 296.3 356.4 166.3 176.0 129.5 150.4  157.2 159.8 156.7 137.5 126.7
Minority interests - (0.0) (0.0) (0.6) (0.6) (0.6) (0.5) (0.6) (0.5) (0.4) (0.2)
GROUP'S NET PROFIT 296.3 356.4 166.3 175.4 128.9 149.8 156.7 159.2 156.2 137.1 126.5
Depreciation (53.8) (57.1) (52.7) (47.4) (39.4) (39.5) (32.7) (30.3) (25.8) (25.4) (19.3)
EBITDA adjusted 432.6 437.6 405.3 380.1 337.5 339.1  337.4 329.0 298.6 265.1 218.3
EBITDA 434.5 451.4  372.1 357.1 294.4 328.8  320.2 325.8 295.3 261.0 214.7

(1) Includes cost of material, production and logistics costs
(2) Includes selling, general and administrative costs
(3) FY 2017 results restated according to IFRS15 implementation (effective as of 1 January 2018)

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Last updated Mar 18 2019