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Income Statement

Condensed consolidated statement of income for the first nine months

in € million Jan - Sep 2017 Cont. ops. Jan - Sep 2017 Disc. ops. Jan - Sep 2017 Total Jan - Sep 2016 Cont. ops. Jan - Sep 2016 Disc. ops. Jan - Sep 2016 Total
Sales 6,456 0 6,456 5,905 0 5,905
EBITDA 1,032   1,032 904 -28 876
Operating profit (EBIT) 647   647 546 -28 518
Financial income and expense -93   -93 -96 0 -96
Profit before income tax expense 554 0 554 450 -28 422
Income tax expense -96   -96 -75 0 -75
Share of the profit of associates/
joint control entities
1,145   1,145 195 0 195
Net profit 1,603 0 1,603 570 -28 542
Of which:            
Profit attributable to non-controlling interests -7   -7 -5 0 -5
Net profit attributable to equity holders of DSM 1,596 0 1,596 565 -28 537
Dividend on cumulative preference shares -6 0 -6 -6 0 -6
Net profit available to holders of ordinary shares 1,590 0 1,590 559 -28 531
Average number of ordinary shares (million)     174.9     174.8
Net earnings per share (EPS) (in €) 9.09 0.00 9.09 3.20 -0.16 3.04
Depreciation and amortization 385 0 385 358 0 358
Capital expenditures     331     276
Consideration acquisitions     60     4
Workforce     21,013     20,7861
of which in the Netherlands     3,798     4,0261

1) Year-end 2016

Reconciliation to Alternative Performance Measures for the first nine months

in € million Jan - Sep 2017 Cont. ops. Jan - Sep 2017 Disc. ops. Jan - Sep 2017 Total Jan - Sep 2016 Cont. ops. Jan - Sep 2016 Disc. ops. Jan - Sep 2016 Total
EBITDA 1,032 0 1,032 904 -28 876
Acquisitions/divestments 8 0 8 -16 28 12
Restructuring 47 0 47 59 0 59
Other -1 0 -1 0 0 0
Sub-total APM adjustments to EBITDA 54 0 54 43 28 71
Adjusted EBITDA 1,086 0 1,086 947 0 947
Operating profit (EBIT) 647 0 647 546 -28 518
APM adjustments to EBITDA 54 0 54 43 28 71
Impairments of PPE and Intangible assets 16 0 16 12 0 12
Sub-total APM adjustments to operating profit (EBIT) 70 0 70 55 28 83
Adjusted operating profit (EBIT) 717 0 717 601 0 601
Net profit 1,603 0 1,603 570 -28 542
APM adjustments to operating profit (EBIT) 70 0 70 55 28 83
APM adjustments to financial income and expense 0 0 0 0 0 0
Income tax related to APM adjustments -17 0 -17 -18 0 -18
APM adjustments to share of the profit of
    associates/joint control entities
-1,152 0 -1,152 -217 0 -217
Sub-total APM adjustments to net profit -1,099 0 -1,099 -180 28 -152
Adjusted net profit 504 0 504 390 0 390
Net profit available to holders of ordinary shares 1,590 0 1,590 559 -28 531
APM adjustments to net profit -1,099 0 -1,099 -180 28 -152
Adjusted net profit available to holders of
ordinary shares
491 0 491 379 0 379
Average number of ordinary shares (million)     174.9     174.8
Earnings per share (EPS) (in €):            
Net earnings per share 9.09 0.00 9.09 3.20 -0.16 3.04
Adjusted net earnings per share 2.81 0.00 2.81 2.17 0.00 2.17