Income Statement

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

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

Quarterly Results