Statement of Income

January 1 to December 31

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€ million

 

Notes

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

01

 

5,404.2

 

5,296.2

Cost of goods sold

 

 

 

-4,413.5

 

-4,167.1

Gross profit from sales

 

 

 

990.7

 

1,129.1

 

 

 

 

 

 

 

Selling expenses

 

 

 

-321.6

 

-314.2

Research and development expenses

 

 

 

-183.4

 

-175.3

General administrative expenses

 

 

 

-147.3

 

-134.0

Other operating income

 

01

 

194.3

 

377.4

Other operating expenses

 

01

 

-167.6

 

-412.7

Operating result

 

 

 

365.1

 

470.3

 

 

 

 

 

 

 

Result from investments in joint ventures and associates

 

02

 

0.2

 

3.3

Other investment income

 

02

 

0.9

 

-0.2

EBIT (earnings before interest and taxes)

 

 

 

366.2

 

473.4

 

 

 

 

 

 

 

Interest income

 

02

 

6.0

 

7.3

Interest expenses

 

02

 

-42.4

 

-31.8

Other financial result

 

02

 

-65.0

 

-42.2

Financial result

 

 

 

-101.4

 

-66.7

 

 

 

 

 

 

 

Income before income taxes

 

 

 

264.8

 

406.7

 

 

 

 

 

 

 

Income taxes

 

03

 

-75.5

 

-164.9

Net income for the year

 

 

 

189.3

 

241.8

 

 

 

 

 

 

 

Of which

 

 

 

 

 

 

Attributable to Wacker Chemie AG shareholders

 

 

 

179.2

 

246.7

Attributable to non-controlling interests

 

10

 

10.1

 

-4.9

 

 

 

 

 

 

 

Earnings per common share (€) (basic / diluted)

 

17

 

3.61

 

4.97