(In € million)

 

Note

 

Year ended
31 Dec. 2019

 

Year ended
31 Dec. 2018

Revenue

 

6, 7

 

1,783.9

 

1,676.1

Cost of sales

 

 

 

(1,370.1)

 

(1,300.3)

Gross profit

 

 

 

413.8

 

375.8

Other income

 

8

 

20.4

 

8.5

Selling, marketing and distribution expenses

 

 

 

(75.1)

 

(64.1)

General and administrative expenses

 

 

 

(172.6)

 

(155.8)

Other expenses

 

8

 

(9.3)

 

(49.9)

Share of profit of joint ventures

 

28

 

15.4

 

8.9

Profit from operating activities

 

 

 

192.6

 

123.4

Finance income

 

 

 

12.0

 

67.3

Finance expenses

 

 

 

(56.6)

 

(273.7)

Net finance expense

 

23

 

(44.6)

 

(206.4)

Profit/(loss) before income tax

 

 

 

148.0

 

(83.0)

Income tax expense

 

32

 

(41.1)

 

(0.9)

Profit/(loss) for the period

 

9

 

106.9

 

(83.9)

Other comprehensive income

 

 

 

 

 

 

Items that may be reclassified to profit or loss

 

 

 

 

 

 

Currency translations of foreign operations:

 

 

 

 

 

 

- recognised in translation reserve

 

 

 

60.0

 

(60.7)

- transfer from translation reserve

 

 

 

 

0.1

Items that will not be reclassified to profit or loss

 

 

 

 

 

 

Remeasurement of defined benefit plans

 

 

 

24.0

 

(2.1)

Total other comprehensive income, net of income tax

 

 

 

84.0

 

(62.7)

Total comprehensive income

 

 

 

190.9

 

(146.6)

 

 

 

 

 

 

 

Basic earnings/(loss) per share (in €)

 

10

 

0.33

 

(0.35)

Diluted earnings/(loss) per share (in €)

 

10

 

0.33

 

(0.35)