Appendix I
Income statement: FY2014 quarterly results:
| 1Q | 2Q | 3Q | 4Q | |
|---|---|---|---|---|
| Net sales | 3,748 | 4,337 | 4,624 | 5,408 |
| Cost of sales | (1,540) | (1,887) | (1,791) | (2,330) |
| Gross profit | 2,208 | 2,450 | 2,833 | 3,078 |
| 58.9% | 56.5% | 61.3% | 56.9% | |
| Operating expenses | (1,474) | (1,562) | (1,623) | (1,799) |
| Other net operating income (losses) | (1) | (4) | (2) | (1) |
| Operating cash flow (EBITDA) | 732 | 884 | 1,208 | 1,278 |
| 19.5% | 20.4% | 26.1% | 23.6% | |
| Amortisation and depreciation | (203) | (220) | (241) | (241) |
| Operating income (EBIT) | 530 | 664 | 967 | 1,037 |
| 14.1% | 15.3% | 20.9% | 19.2% | |
| Financial results | (1) | 6 | (2) | 11 |
| Results from companies consolidated by equity method | 3 | 1 | 13 | 15 |
| Income before taxes | 532 | 671 | 978 | 1,063 |
| Taxes | (124) | (148) | (216) | (247) |
| Net income | 408 | 523 | 763 | 816 |
| 10.9% | 12.1% | 16.5% | 15.1% | |
| Minorities | 2 | 1 | 3 | 3 |
| Net income attributable to the controlling company | 406 | 522 | 759 | 813 |
| 10.8% | 12.0% | 16.4% | 15.0% |