Consolidated statement of profit or loss and other comprehensive income

Consolidated statement of profit or loss and other comprehensive income

(In € million)

 

Note

 

Year ended
Dec. 31, 2025

 

Year ended
Dec. 31, 2024

Revenue

 

6, 7

 

3,248.7

 

3,328.5

Cost of sales

 

 

 

(2,708.3)

 

(2,557.3)

Gross profit

 

 

 

540.4

 

771.2

Other income

 

8

 

16.3

 

76.9

Selling, marketing and distribution expenses

 

 

 

(142.4)

 

(133.8)

General and administrative expenses

 

 

 

(299.1)

 

(279.6)

Other expenses

 

8

 

(36.2)

 

(10.9)

Share of profit of joint venture

 

 

 

0.5

 

0.3

Profit from operating activities

 

 

 

79.5

 

424.1

Finance income

 

 

 

8.7

 

11.1

Finance expenses

 

 

 

(135.0)

 

(154.2)

Net finance expense

 

24

 

(126.3)

 

(143.1)

(Loss)/profit before income tax

 

 

 

(46.8)

 

281.0

Income tax expense

 

31

 

(40.2)

 

(86.5)

(Loss)/profit for the period

 

9

 

(87.0)

 

194.5

Other comprehensive income

 

 

 

 

 

 

Items that may be reclassified to profit or loss

 

 

 

 

 

 

Currency translations of foreign operations:

 

 

 

 

 

 

– recognized in translation reserve

 

26

 

(202.8)

 

26.6

Items that will not be reclassified to profit or loss

 

 

 

 

 

 

Remeasurement of defined benefit plans

 

29

 

18.6

 

1.5

Net change in fair value of equity instruments

 

27

 

(1.8)

 

Total other comprehensive income, net of income tax

 

 

 

(186.0)

 

28.1

Total comprehensive income

 

 

 

(273.0)

 

222.6

 

 

 

 

 

 

 

Basic earnings per share (in €)

 

10

 

(0.23)

 

0.51

Diluted earnings per share (in €)

 

10

 

(0.23)

 

0.51

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