BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

1. CONSOLIDATED INCOME STATEMENT

Notes December 31, 2017*

December 31, 2018

(in thousand euros)

Net sales

2-2

2,041,408

1,949,764

Cost of goods

4

(971,889)

(935,513)

Gross profit  (a)

1,069,518 (291,599) (211,474) (170,612)

1,014,251 (286,384) (210,458) (167,592)

Distribution costs

4 4 4 5 5

Administrative expenses

Other operating expenses

Other income

9,793

11,674

Other expenses

(30,773) 374,854

(102,724)

Income from operations

258,768

Income from cash and cash equivalents Net finance income/(Net finance costs)

6 6

9,419

6,186

12,418

(3,367)

Income before tax

396,692

261,587 (88,237) 173,350

Income tax expense

7

(102,574)

Net income from consolidated entities

294,117

Net income from continuing operations

 8

294,117

173,350

Net income from discontinued operations

(6,776)

-

Consolidated income of which:

287,341

173,350

Non-controlling interests Net income Group share

-

-

8

287,341

173,350

Earnings per share Group share (in euros)

6.18

3.80

Continuing operations

8

6.33

3.80

Discontinued operations

(0.15)

-

Diluted earnings per share Group share (in euros)  (b)

6.13

3.78

Continuing operations

8

6.29

3.78

Discontinued operations

(0.16)

-

Average number of shares outstanding net of treasury shares over the period

8

46,475,249

45,598,109

Restated for IFRS 15 – Revenue from Contracts with Customers. * Gross profit is the margin that the Group realizes after deducting its manufacturing costs. (a) The dilutive elements taken into account are stock options. (b)

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •