Financial review

Summarized consolidated income statement

in millions of EUR

2015

% of revenue

2014

% of revenue

Revenue

3,205

100.0%

2,817

100.0%

Cost of sales and direct related expenses

- 876

-27.3%

- 744

-26.4%

Gross profit

2,328

72.7%

2,073

73.6%

Selling and marketing costs

- 1,617

-50.4%

- 1,446

-51.3%

General and administrative costs

- 363

-11.3%

- 342

-12.1%

Share of result of associates

5

0.1%

3

0.1%

Operating result

353

11.0%

289

10.2%

Net financial result

- 19

-0.6%

- 34

-1.2%

Result before tax

334

10.4%

254

9.0%

Income tax

- 103

-3.2%

- 80

-2.8%

Result for the period

231

7.2%

175

6.2%