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Consolidated statement of income
MEUR 2016 2015 Note
Continuing operations
Net sales 4 801 5 029 1 4
Change in inventories of finished goods & work in progress -134 -77
Work performed by the Group and capitalised 2 6
Other operating income 55 51 5
Material and services -2 353 -2 603 6
Employee benefit expenses -1 159 -1 159 7
Depreciation, amortisation and impairment -138 -124 8
Other operating expenses -556 -553
Share of result of associates and joint ventures 14 17 15
Operating result 532 587
as a percentage of net sales 11.1 11.7
Financial income 19 11 10
Financial expenses -72 -45 10
Profit before taxes 479 553
Income taxes -123 -124 11
Profit for the financial period from the continuing operations 357 429
Profit for the financial period from the discontinued operations 22 3
Net profit for the financial period 357 451
Attributable to:
equity holders of the parent company 352 444 12
non-controlling interests 4 7
357 451
Earnings per share attributable to equity holders of the parent company (basic and diluted):
Earnings per share, continuing operations, EUR 1.79 2.14
Earnings per share, discontinued operations, EUR 0.11
Earnings per share (EPS), basic and diluted, EUR 1.79 2.25
The notes are an integral part of these consolidated financial statements.

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