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Income Statement

Condensed consolidated statement of income for the full year 2017

in € million 
FY 2017 Cont. ops. FY 2017 Disc. ops. FY 2017 Total FY 2016 Cont. ops. FY 2016 Disc. ops. FY 2016 Total
Sales 8,632 0 8,632 7,920 0 7,920
EBITDA 1,348   1,348 1,174 -28 1,146
Operating profit (EBIT) 846   846 685 -28 657
Financial income and expense -104   -104 -133 0 -133
Profit before income tax expense 742 0 742 552 -28 524
Income tax expense -115   -115 -89 0 -89
Share of the profit of associates/
joint control entities
1,154   1,154 194 0 194
Net profit 1,781 0 1,781 657 -28 629
Of which:            
Profit attributable to non-controlling interests -12   -12 -8 0 -8
Net profit attributable to equity holders of DSM 1,769 0 1,769 649 -28 621
Dividend on cumulative preference shares -8 0 -8 -4 0 -4
Net profit available to holders of ordinary shares 1,761 0 1,761 645 -28 617
             
Average number of ordinary shares (million)     174.8     175.1
Net earnings per share (EPS) (in €) 10.07 0.00 10.07 3.68 -0.16 3.52
             
Depreciation and amortization 502 0 502 489 0 489
Workforce     21,054     20,7861
of which in the Netherlands     3,831     4,0261

1) Year-end 2017

Reconciliation to Alternative Performance Measures for the full year 2017

in € million FY 2017 Cont. ops. FY 2017 Disc. ops. FY 2017 Total FY 2016 Cont. ops. FY 2016 Disc. ops. FY 2016 Total
EBITDA 1,348 0 1,348 1,174 -28 1,146
Acquisitions / divestments 11 0 11 -13 28 15
Restructuring 60 0 60 101 0 101
Other 26 0 26 0 0 0
Sub-total APM adjustments to EBITDA 97 0 97 88 28 116
Adjusted EBITDA 1,445 0 1,445 1,262 0 1,262
             
Operating profit (EBIT) 846 0 846 685 -28 657
APM adjustments to EBITDA 97 0 97 88 28 116
Impairments of PPE and Intangible assets 14 0 14 18 0 18
Sub-total APM adjustments to operating profit (EBIT) 111 0 111 106 28 134
Adjusted operating profit (EBIT) 957 0 957 791 0 791
             
Net profit 1,781 0 1,781 657 -28 629
APM adjustments to operating profit (EBIT) 111 0 111 106 28 134
APM adjustments to financial income and expense 0 0 0 0 0 0
Income tax related to APM adjustments -28 0 -28 -31 0 -31
APM adjustments to share of the profit of
    associates/joint control entities
-1,158 0 -1,158 -212 0 -212
Sub-total APM adjustments to net profit -1,075 0 -1,075 -137 28 -109
Adjusted net profit 706 0 706 520 0 520
             
Net profit available to holders of ordinary shares 1,761 0 1,761 645 -28 617
APM adjustments to net profit -1,075 0 -1,075 -137 28 -109
Adjusted net profit available to holders of
ordinary shares
686 0 686 508 0 508
             
Average number of ordinary shares (million)     174.8     175.1
Earnings per share (EPS) (in €):        
Net earnings per share 10.07 0.00 10.07 3.68 -0.16 3.52
Adjusted net earnings per share 3.92 0.00 3.92 2.90 0.00 2.90