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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
160
CONSOLIDATED FINANCIAL STATEMENTS
5
CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR 2016
5.1
CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR 2016
In millions of euros
Notes
2016
2015
Revenue
3
5,202.2
4,841.0
Cost of sales
4
(1,681.9)
(1,642.5)
Gross margin
3,520.3
3,198.5
Selling, marketing and administrative expenses
5
(1,545.3)
(1,418.9)
Other income and expenses
6
(278.5)
(238.9)
Recurring operating income
3
1,696.5
1,540.7
Other non-recurring income and expenses
-
-
Operating income
1,696.5
1,540.7
Net financial income
7
(47.8)
(45.6)
Net income before tax
1,648.8
1,495.1
Income tax
8
(555.5)
(535.6)
Net income from associates
15
10.9
17.7
CONSOLIDATED NET INCOME
1,104.2
977.2
Net income attributable to non-controlling interests
21
(3.9)
(4.6)
NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT
3
1,100.3
972.6
Earnings per share
in euros
9
10.53
9.32
Diluted earnings per share
in euros
9
10.47
9.26
N.B.: the values shown in the tables are generally expressed in millions of euros. In certain cases, the effects of rounding up/down can lead to a slight discrepancy on the level of the totals or
changes.