2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

1. CONSOLIDATED INCOME STATEMENT

December 31, 2021

Notes

December 31, 2020

(in thousand euros)

Net sales

2-2

1,627,910

1,831,895

Cost of goods

4

(845,487)

(901,142)

Gross profit (a)

782,423

930,753

Distribution costs

4

(242,896)

(270,886)

Administrative expenses

4

(210,236)

(220,123)

Other operating expenses

4

(143,603)

(160,000)

Other income

5

51,007

180,372

Other expenses

5

(79,942)

(8,108)

Earnings before interest and taxes (EBIT)

156,753

452,006

Income from cash and cash equivalents

6

3,118

3,709

Net finance income/(net finance costs)

6

(4,536)

(7,926)

Income before tax

155,335

447,789

Income tax expense

7

(61,611)

(133,595)

Net income from consolidated entities

93,724

314,195

Net income from continuing operations

8

93,724

314,195

Net income from discontinued operations

-

-

Consolidated income of which:

93,724

314,195

Non-controlling interests

-

-

Net income Group share

8

93,724

314,195

Earnings per share Group share (in euros)

2.08

7.02

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

2.08

6.99

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 - 2021 UNIVERSAL REGISTRATION DOCUMENT •