RUBIS_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS 9

2017 consolidated financial statements and notes

CONSOLIDATED INCOME STATEMENT

Note

Change

12/31/2016

12/31/2017

(in thousands of euros)

Sales of merchandise

2,693,851 1,238,801

1,935,932 1,067,948 3,003,880

Revenue from manufacturing of goods and services

NET REVENUE

5.1

+31% 3,932,652

Other operating income Consumed purchases

1,976

1,858

5.2 5.4 5.3

(2,695,820)

(2,031,669)

External expenses Payroll expenses

(446,477) (193,492) (100,802) (126,420)

(302,023) (179,919) (78,774) (113,215)

Taxes

Net depreciation and provisions

5.5 5.6

Other operating income and expenses

(3,606)

(463)

EBITDA

+21% +23%

496,061 368,011

411,495 299,675

EBIT

Other operating income and expenses

5.7

2,185

1,545

OPERATING INCOME BEFORE PROFIT/LOSS FROM JOINT VENTURES

+23%

370,196

301,220

Share of earnings from joint ventures

3,260

6,798

OPERATING INCOME AFTER PROFIT/LOSS FROM JOINT VENTURES

+21%

373,456

308,018

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

6,226

4,022

(20,557) (14,331)

(17,181) (13,159)

5.8 5.9

+9%

3,150

(3,162)

INCOME BEFORE TAX

+24%

362,275 (79,437) 282,838 265,583 17,255

291,697 (64,320) 227,377 208,022 19,355

INCOME TAX

5.10

TOTAL NET INCOME

+24% +28% -11% +22% +22%

NET INCOME, GROUP SHARE

NET INCOME, MINORITY INTERESTS Undiluted earnings per share (in euros) * Diluted earnings per share (in euros) *

5.11 5.11

2.87 2.84

2.35 2.32

* Earnings per share at 12/31/2016 were adjusted following the 2-for-1 share split (see section 4.8).

STATEMENT OF OTHER COMPREHENSIVE INCOME

12/31/2016

12/31/2017

(in thousands of euros)

TOTAL CONSOLIDATED NET INCOME (I)

282,838 (163,243)

227,377 12,253

Foreign exchange differences

Hedging instruments

736

2,519 (836) 3,111

Income tax on hedging instruments Items recyclable in P&L from joint ventures Items that will subsequently be recycled in P&L (II)

(250)

(162,757)

17,047 (1,081)

Actuarial gains and losses

45

Income tax on actuarial gains and losses

(198)

459

Items not recyclable in P&L from joint ventures Items that will not subsequently be recycled in P&L (III) COMPREHENSIVE INCOME FOR THE PERIOD (I + II + III)

(153)

(622)

119,928 104,485 15,443

243,802 221,108 22,694

2017 Registration Document I RUBIS 182

SHARE ATTRIBUTABLE TO THE OWNERS OF THE GROUP’S PARENT COMPANY

SHARE ATTRIBUTABLE TO NON-CONTROLLING INTERESTS