Consolidated statement of income


 
    2008 2007
  Notes in thousand € in thousand €
Net sales (3) 2,145,132 2,000,692
Cost of sales (4) 1,552,493 1,420,982
Gross profit on sales   592,639 579,710
Selling expenses   399,339 368,847
Research and development costs (12) 42,131 39,936
General administrative expenses   27,530 28,771
Other operating income (7) 16,299 7,141
Other operating expenses (8) 17,766 12,382
Income from companies accounted for using the equity method   – 812 2,599
Other net income (loss) from investments (9) 407
Earnings before interest and income taxes   121,767 139,514
Financial income (loss) (10) – 310 – 1,012
Earnings before taxes   121,457 138,502
Income taxes (11) 44,731 56,910
Net income   76,726 81,592
       
Earnings per share in € (diluted/undiluted) (38) 2.26 2.40

 

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