Statement of Income
January 1 to December 31
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€ million |
Notes |
2016 |
2015 |
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Sales |
5,404.2 |
5,296.2 |
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Cost of goods sold |
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-4,413.5 |
-4,167.1 |
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Gross profit from sales |
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990.7 |
1,129.1 |
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Selling expenses |
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-321.6 |
-314.2 |
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Research and development expenses |
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-183.4 |
-175.3 |
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General administrative expenses |
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-147.3 |
-134.0 |
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Other operating income |
194.3 |
377.4 |
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Other operating expenses |
-167.6 |
-412.7 |
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Operating result |
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365.1 |
470.3 |
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Result from investments in joint ventures and associates |
0.2 |
3.3 |
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Other investment income |
0.9 |
-0.2 |
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EBIT (earnings before interest and taxes) |
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366.2 |
473.4 |
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Interest income |
6.0 |
7.3 |
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Interest expenses |
-42.4 |
-31.8 |
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Other financial result |
-65.0 |
-42.2 |
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Financial result |
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-101.4 |
-66.7 |
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Income before income taxes |
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264.8 |
406.7 |
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Income taxes |
-75.5 |
-164.9 |
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Net income for the year |
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189.3 |
241.8 |
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Of which |
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Attributable to Wacker Chemie AG shareholders |
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179.2 |
246.7 |
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Attributable to non-controlling interests |
10.1 |
-4.9 |
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Earnings per common share (€) (basic / diluted) |
3.61 |
4.97 |
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