Consolidated income statement

Consolidated income statement037
in € million	Note	2019	2018
Revenue	[7]	8,806.5	7,995.7
Cost of sales	[8]	–6,474.6	–5,898.1
Gross profit		2,331.9	2,097.6

Selling expenses	[8]	–940.2	–885.5
Research and development costs	[8]	–155.3	–137.7
Administrative expenses	[8]	–546.9	–467.1
Other income	[9]	69.5	86.5
Other expenses	[10]	–54.5	–63.3
Profit (loss) from equity-accounted investments	[11]	12.1	12.2
Earnings before interest and tax		716.6	642.8

Financial income	[12]	105.5	99.9
Financial expenses	[13]	–200.6	–197.3
Net financial expenses		–95.1	–97.4
Earnings before tax		621.6	545.3

Income taxes	[14]	–176.8	–143.7
Current taxes		–212.8	–166.5
Deferred taxes		36.0	22.9

Net income		444.8	401.6
Attributable to shareholders of KION GROUP AG		454.8	399.9
Attributable to non-controlling interests		–10.0	1.8

Earnings per share	[15]
Average number of shares (in million)		117.9	117.9
Basic earnings per share (in €)		3.86	3.39
Diluted earnings per share (in €)		3.86	3.39