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Income Statement

Condensed consolidated statement of income for the first quarter

  Q1 2018 Q1 2017
in € million 
Cont. ops. Disc. ops.   Cont. ops. Disc. ops.  
Sales 2,435 0 2,435 2,159 0 2,159
EBITDA 526 0 526 334 0 334
Operating profit (EBIT) 411 0 411 206 0 206
Financial income and expense -18 0 -18 -33 0 -33
Profit before income tax expense 393 0 393 173 0 173
Income tax expense -67 0 -67 -30 0 -30
Share of the profit of associates/ joint control entities 5 0 5 6 0 6
Net profit 331 0 331 149 0 149
Of which:            
Profit attributable to non-controlling interests -1 0 -1 -1 0 -1
Net profit attributable to equity holders of DSM 330 0 330 148 0 148
Dividend on cumulative preference shares -2 0 -2 -1 0 -1
Net profit available to holders of ordinary shares 328 0 328 147 0 147
             
Depreciation and amortization 115 0 115 128 0 128

Reconciliation to Alternative Performance Measures for the first quarter

  Q1 2018 Q1 2017
in € million 
Cont. ops. Disc. ops.   Cont. ops. Disc. ops.  
EBITDA 526 0 526 334 0 334
Acquisitions/ divestments -10 0 -10 0 0 0
Restructuring 22 0 22 12 0 12
Other 0 0 0 -1 0 -1
Sub-total APM adjustments to EBITDA 12 0 12 11 0 11
Adjusted EBITDA 538 0 538 345 0 345
             
Operating profit (EBIT) 411 0 411 206 0 206
APM adjustments to EBITDA 12 0 12 11 0 11
Impairments of PPE and Intangible assets 0 0 0 5 0 5
Sub-total APM adjustments to operating profit (EBIT) 12 0 12 16 0 16
Adjusted operating profit (EBIT) 423 0 423 222 0 222
             
Net profit 331 0 331 149 0 149
APM adjustments to operating profit (EBIT) 12 0 12 16 0 16
APM adjustments to financial income and expense 0 0 0 0 0 0
Income tax related to APM adjustments -6 0 -6 -4 0 -4
APM adjustments to share of the profit of associates/joint control entities 0 0 0 2 0 2
Sub-total APM adjustments to net profit 6 0 6 14 0 14
Adjusted net profit 337 0 337 163 0 163
             
Net profit available to holders of ordinary shares 328 0 328 147 0 147
APM adjustments to net profit 6 0 6 14 0 14
Adjusted net profit available to holders of
ordinary shares
334 0 334 161 0 161
             
Average number of ordinary shares (million)     174.8     175.1
Earnings per share (EPS) (in €):        
Net earnings per share 1.88 0.00 1.88 0.84 0.00 0.84
Adjusted net earnings per share 1.91 0.00 1.91 0.92 0.00 0.92