BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

1. CONSOLIDATED INCOME STATEMENT

December 31, 2020

Notes

December 31, 2019

(in thousand euros)

Net sales

2-2

1,949,431

1,627,910

Cost of goods

4

(972,111)

(845,487)

Gross profit (a)

977,319

782,423

Distribution costs

4

(290,790)

(242,896)

Administrative expenses

4

(184,747)

(210,236)

Other operating expenses

4

(172,256)

(143,603)

Other income

5

18,307

51,007

Other expenses

5

(95,113)

(79,942)

Income from operations

252,721

156,753

Income from cash and cash equivalents

6

5,893

3,118

Net finance income/(Net finance costs)

6

(7,169)

(4,536)

Income before tax

251,445

155,335

Income tax expense

7

(75,350)

(61,611)

Net income from consolidated entities

176,095

93,724

Net income from continuing operations

8

176,095

93,724

Net income from discontinued operations

-

-

Consolidated income of which:

176,095

93,724

Non-controlling interests

-

-

Net income Group share

8

176,095

93,724

Earnings per share Group share (in euros)

3.91

2.08

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

3.90

2.08

Gross profit is the margin that the Group realizes after deducting its manufacturing costs. (a) The dilutive elements taken into account are free shares. (b)

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• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •