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Consolidated statement of profit or loss and other comprehensive income

(In € million)

 

Note

 

Year ended
31 Dec. 2021

 

Year ended
31 Dec. 2020

Revenue

 

6, 7

 

2,061.8

 

1,816.1

Cost of sales

 

 

 

(1,577.2)

 

(1,422.2)

Gross profit

 

 

 

484.6

 

393.9

Other income

 

8

 

78.6

 

29.3

Selling, marketing and distribution expenses

 

 

 

(90.8)

 

(75.1)

General and administrative expenses

 

 

 

(181.8)

 

(181.1)

Other expenses

 

8

 

(33.2)

 

(12.4)

Share of (loss)/profit of joint ventures

 

28

 

(1.6)

 

17.4

Profit from operating activities

 

 

 

255.8

 

172.0

Finance income

 

 

 

16.0

 

2.6

Finance expenses

 

 

 

(47.4)

 

(83.6)

Net finance expense

 

23

 

(31.4)

 

(81.0)

Profit before income tax

 

 

 

224.4

 

91.0

Income tax expense

 

32

 

(52.3)

 

(23.0)

Profit for the period

 

9

 

172.1

 

68.0

Other comprehensive income

 

 

 

 

 

 

Items that may be reclassified to profit or loss

 

 

 

 

 

 

Currency translations of foreign operations:

 

 

 

 

 

 

– recognised in translation reserve

 

 

 

101.9

 

(138.6)

– transfer from translation reserve

 

26, 27

 

(3.5)

 

Items that will not be reclassified to profit or loss

 

 

 

 

 

 

Remeasurement of defined benefit plans

 

 

 

45.7

 

7.8

Total other comprehensive income, net of income tax

 

 

 

144.1

 

(130.8)

Total comprehensive income

 

 

 

316.2

 

(62.8)

 

 

 

 

 

 

 

Basic earnings per share (in €)

 

10

 

0.51

 

0.21

Diluted earnings per share (in €)

 

10

 

0.51

 

0.21