RUBIS - 2019 Universal Registration Document

8 FINANCIAL STATEMENTS - 2019 Consolidated financial statements and notes

CONSOLIDATED INCOME STATEMENT

12/31/2019 (1)

Notes

Change

12/31/2018 (2)

(in thousands of euros)

Sales of merchandise

3,974,959 1,253,528 5,228,487

3,191,548 1,208,276 4,399,824

Revenue from goods and services

NET REVENUE

5.1

+19%

Other operating income Purchases consumed

8,654

2,813

5.2 5.4 5.3

(3,949,764)

(3,260,131)

External expenses Payroll expenses

(420,496) (199,279) (134,952) (122,942)

(407,984) (177,875) (130,665) (78,315) 423,169 345,682 (21,699) 323,983 (1,985)

Taxes

5.5 5.6

Net depreciation and provisions (3) Other operating income and expenses

1,940

EBITDA

523,996 411,648

+24% +19%

EBIT

Other operating income and expenses

5.7

(7,007)

OPERATING INCOME BEFORE PROFIT/LOSS FROM JOINT VENTURES

404,641

+25%

Share of net income from joint ventures

0

0

OPERATING INCOME AFTER PROFIT/LOSS FROM JOINT VENTURES

404,641

323,983

+25%

Income from cash and cash equivalents Gross interest expense and cost of debt Interest expense on lease liabilities COST OF NET FINANCIAL DEBT Other financial income and expenses

5,414

664

(22,614) (7,552) (24,752) 369,970 (75,503) 31,795 326,262 307,227 279,257 27,970 19,035 (9,919)

(18,000)

0

(17,336)

5.8 5.9

+43%

(9,051)

INCOME BEFORE TAX

297,596 (59,266) 32,450 270,780 254,070 225,410 28,660 16,710

+24%

INCOME TAX

5.10

NET INCOME FROM ASSETS HELD FOR SALE

3

NET INCOME

+20% +21%

NET INCOME, GROUP SHARE

of which net income from continuing operations, Group share of which net income from assets held for sale, Group share

NET INCOME, MINORITY INTERESTS

+14%

of which net income from continuing operations, minority interests of which net income from assets held for sale, minority interests

15,210

12,920

3,825

3,790

Undiluted earnings per share (in euros)

5.11

+18%

3.12 2.84 0.28 3.09 2.81 0.28

2.65 2.35 0.30 2.63 2.33

of which undiluted earnings per share from continuing operations, Group share of which undiluted earnings per share from assets held for sale, Group share

Diluted earnings per share (in euros)

5.11

+17%

of which diluted earnings per share from continuing operations, Group share of which diluted earnings per share from assets held for sale, Group share 0.30 (1) The financial statements as of December 31, 2019 take into account the application of IFRS 16 “Leases”. The impact of the application of IFRS 16 as of January 1,

2019 is set out in note 2.2. The financial statements to December 31, 2018 have not been restated. (2) The 2018 income statement was restated in application of IFRS 5 at December 31, 2019 (see note 3.3). (3) Of which €28.3 million in depreciation related to right-of-use assets (IFRS 16).

218 i Rubis 2019 Universal Registration Document