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Income Statement

Condensed consolidated statement of income for the full year

in € million 
FY 2018 FY 2017
Sales 9,267 8,632
EBITDA 1,754 1,348
Operating profit (EBIT) 1,245 846
Financial income and expense -101 -104
Profit before income tax expense 1,144 742
Income tax expense -194 -115
Share of the profit of associates/
joint control entities
129 1,154
Net profit 1,079 1,781
Of which:    
Profit attributable to non-controlling interests -2 -12
Net profit attributable to equity holders of DSM 1,077 1,769
Dividend on cumulative preference shares -8 -8
Net profit available to holders of ordinary shares 1,069 1,761
     
Depreciation and amortization 509 502

Reconciliation to Alternative Performance Measures for the full year

in € million 
FY 2018 FY 2017
EBITDA 1,754 1,348
Acquisitions/divestments -11 11
Restructuring 68 60
Other 11 26
Sub-total APM adjustments to EBITDA 68 97
Adjusted EBITDA 1,822 1,445
     
Operating profit (EBIT) 1,245 846
APM adjustments to EBITDA 68 97
Impairments of PPE and Intangible assets 32 14
Sub-total APM adjustments to operating profit (EBIT) 100 111
Adjusted operating profit (EBIT) 1,345 957
     
Net profit 1,079 1,781
APM adjustments to operating profit (EBIT) 100 111
APM adjustments to financial income and expense   0
Income tax related to APM adjustments -23 -28
APM adjustments to share of the profit of associates/ joint control entities -122 -1,158
Sub-total APM adjustments to net profit -45 -1,075
Adjusted net profit 1,034 706
     
Net profit available to holders of ordinary shares 1,069 1,761
APM adjustments to net profit -45 -1,075
Adjusted net profit available to holders of ordinary shares 1,024 686
Average number of ordinary shares (million)   174.8
Earnings per share (EPS) (in €):    
Net earnings per share 6.10 10.07
Adjusted net earnings per share 5.84 3.92