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Income Statement

	2025	2024	2023	2022	2021
Income Statement
Sales	2,669.006	2,644.040	2,546.974	2,282.207	1,714.623
Cost of sales	-1,934.721	-1,942.187	-1,905.121	-1,889.522	-1,406.516
Gross profit	734.285	701.853	641.853	392.685	308.107
Other operating income / expenses	10.410	9.471	3.164	5.892	9.897
Administrative expenses	-269.497	-257.419	-214.890	-188.319	-153.948
Selling and marketing expenses	-41.265	-39.622	-41.686	-32.628	-28.113
Profit before impairment losses on goodwill, net finance costs and taxes	433.933	414.283	388.441	177.630	135.943
Impairement losses on goodwill	-	-17.004	-0.111	-21.799	-
Loss on disposal of subsidiaries	-52.080	-	-	-	-
Net finance costs	-37.542	-29.694	-51.231	-20.511	-33.651
Share of gain/(loss) of associates and joint ventures	6.665	7.986	2.586	1.876	3.291
Profit before taxes	350.976	375.571	339.685	137.196	105.583
Income tax	-93.35	-85.316	-67.091	-26.715	-16.379
Profit after taxes	257.626	290.255	272.594	110.481	89.204

Attributable to:
Equity holders of the parent	236.291	289.160	268.637	109.655	91.923
Non-controlling interests	21.335	1.095	3.957	-826	-368
Basic earnings per share (in €)	3.177	3.886	3.595	1.4455	1.1942
Diluted earnings per share (in €)	3.153	3.885	3.594	1.4445	1.1896