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Income Statement

Condensed consolidated statement of income for the first half year

in € million 
H1 2018 H1 2017
Sales 4,794 4,320
EBITDA 1,029 689
Operating profit (EBIT) 800 441
Financial income and expense -43 -62
Profit before income tax expense 757 379
Income tax expense -131 -66
Share of the profit of associates/ joint control entities 7 -1
Net profit 633 312
Of which:    
Profit attributable to non-controlling interests -2 -2
Net profit attributable to equity holders of DSM 631 310
Dividend on cumulative preference shares -4 -4
Net profit available to holders of ordinary shares 627 306
     
Depreciation and amortization 229 248

Reconciliation to Alternative Performance Measures for the first half year

in € million 
H1 2018 H1 2017
EBITDA 1,029 689
Acquisitions/ divestments -14 7
Restructuring 32 26
Other -1 -1
Sub-total APM adjustments to EBITDA 17 32
Adjusted EBITDA 1,046 721
     
Operating profit (EBIT) 800 441
APM adjustments to EBITDA 17 32
Impairments of PPE and Intangible assets 0 5
Sub-total APM adjustments to operating profit (EBIT) 17 37
Adjusted operating profit (EBIT) 817 478
     
Net profit 633 312
APM adjustments to operating profit (EBIT) 17 37
APM adjustments to financial income and expense 0 0
Income tax related to APM adjustments -8 -9
APM adjustments to share of the profit of associates/joint control entities 1 -2
Sub-total APM adjustments to net profit 10 26
Adjusted net profit 643 338
     
Net profit available to holders of ordinary shares 627 306
APM adjustments to net profit 10 26
Adjusted net profit available to holders of
ordinary shares
637 332
     
Average number of ordinary shares (million) 175.0 175.0
Earnings per share (EPS) (in €):    
Net earnings per share 3.58 1.75
Adjusted net earnings per share 3.64 1.90