Annual Report 2019

Consolidated statement of income
MEUR		2019	2018	Note
Net sales		5 170	5 174	1	5
Change in inventories of finished goods & work in progress		137	64
Work performed by the Group and capitalised		18	14
Other operating income		67	80		6
Material and services		-3 003	-2 852		7
Employee benefit expenses		-1 260	-1 175		8
Depreciation, amortisation and impairment		-180	-130		9
Other operating expenses		-578	-648		10
Share of result of associates and joint ventures		-9	13		17
Operating result		362	543
as a percentage of net sales		7.0	10.5
Financial income		27	24		11
Financial expenses		-74	-65		11
Profit before taxes		315	502
Income taxes		-97	-116		12
Profit for the financial period		218	386
Attributable to:
equity holders of the parent company		217	386		13
non-controlling interests		1	1
		218	386
Earnings per share attributable to equity holders of the parent company (basic and diluted):
Earnings per share (EPS), basic and diluted, EUR		0.37	0.65		13
The notes are an integral part of these consolidated financial statements.