€ 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 |