Consolidated Income Statement

in thousands of EUR	Notes	2016	2015

Revenue	7	3,316,077	3,204,886
Cost of sales and directly related costs	8	- 900,628	- 876,455
Gross profit		2,415,449	2,328,431
Selling and marketing costs	8	- 1,668,417	- 1,616,602
General and administrative costs	8	- 392,741	- 363,286
Share of result of Associates and Joint Ventures	9	3,851	4,620
Operating result		358,142	353,163
Finance income	10	8,864	4,849
Finance costs	10	- 19,278	- 23,997
Net financial result		- 10,414	- 19,148
Result before tax		347,728	334,015
Income tax	11	- 95,775	- 103,021
Result for the year		251,953	230,994

Attributable to:
Equity holders		231,360	212,730
Non-controlling interests		20,593	18,264
		251,953	230,994

Earnings per share, basic (in EUR per share)	12	0.92	0.84
Earnings per share, diluted (in EUR per share)	12	0.91	0.84

The accompanying notes are an integral part of these consolidated financial statements.