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2019 Annual Report

 

TRANSFORMATION

2019 Annual Report

Continental Corporation - 2018 Annual Report
 

Consolidated Statement of Income

1 2 3 4 5

 

€ millions See Note 2019 2018
Sales 6 44,478.4 44,404.4
Cost of sales   -33,893.4 -33,299.5
Gross margin on sales   10,585.0 11,104.9
Research and development expenses 7 -4,471.8 -4,280.2
Selling and logistics expenses   -2,718.9 -2,494.3
Administrative expenses   -1,110.2 -1,149.0
Other income 8 1,774.6 1,803.4
Other expenses 8 -4,203.2 -1,027.5
Income from equity-accounted investees 10 -124.3 69.6
Other income from investments 10 0.5 0.8
EBIT   -268.3 4,027.7
Interest income 11 147.2 122.9
Interest expense 11 -317.3 -276.2
Effects from currency translation 11 -30.5 -30.4
Effects from changes in the fair value of derivative instruments, and other valuation effects 11 -119.7 5.9
Financial result 11 -320.3 -177.8
Earnings before tax   -588.6 3,849.9
Income tax expense 12 -582.4 -891.6
Net income   -1,171.0 2,958.3
Non-controlling interests   -54.0 -61.0
Net income attributable to the shareholders of the parent   -1,225.0 2,897.3
   
Basic earnings per share in € 36 -6.13 14.49
Diluted earnings per share in € 36 -6.13 14.49
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IFRS 16, Leases, was adopted on and has been applied since January 1, 2019. It is applied using the modified retrospective approach, under which the previous year’s figures are not adjusted. As a result, some of these figures are not comparable with the prior-year period.