BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

CONSOLIDATED INCOME STATEMENT 1.

Notes

Dec. 31, 2016

Dec. 31, 2017

(in thousand euros)

Net sales

2-2

2,025,771

2,020,251

Cost of goods Gross profit*

4

(960,442)

(972,669)

1,065,329 (285,954) (211,932) (158,933)

1,047,582 (291,599) (211,474) (147,304)

Distribution costs

4 4 4 5 5

Administrative expenses

Other operating expenses

Other income

5,407

9,793

Other expenses

(10,525) 403,392

(30,773) 376,225

Income from operations

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

6 6

8,856

9,419

(4,057)

12,418

Income before tax

408,191

398,063

Income tax expense

7

(122,651) 285,540 285,540 (35,854) 249,686

(102,991)

Net income from consolidated entities

295,072

Net income from continuing operations

8 

295,072

Net income from discontinued operations

20

(6,776)

Consolidated income of which:

288,295

Non-controlling interests Net income Group share

-

  - 

8

249,686

288 295

Earnings per share Group share (in euros)

5.32

6.20

Continuing operations

8

6.09

6.35

Discontinued operations

(0.77)

(0.15)

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

5.27

6.17

Continuing operations

8

6.03

6.31

Discontinued operations

(0.76)

(0.14)

Average number of shares outstanding net of treasury shares over the period The dilutive elements taken into account are stock options. (a) Gross profit is the margin that the Group realizes after deducting its manufacturing costs. *

8

46,898,827

46,475,249

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BIC GROUP - 2017 REGISTRATION DOCUMENT