Profit/loss account

Investor Relations

Profit/loss account

Consolidated profit and loss account
for 2009

	Notes	2009	2008	2007
(x € 1,000)
Revenue	2, 3	2,258,021	2,167,585	2,065,686
Cost of sales		(1,732,311)	(1,651,526)	(1,592,431)
Gross margin		525,710	516,059	473,255

Other operating income	4	1,614	8,171	10,785

Staff costs	5	(223,080)	(220,997)	(198,778)
Premises costs		(60,743)	(59,635)	(51,241)
Selling costs		(18,298)	(20.842)	(24,350)
Logistics costs		(63,024)	(62,115)	(61,625)
General administrative expenses		(13,416)	(13,808)	(13,181)
Depreciation of property, plant and equipment	11	(42,406)	(40,211)	(33,829)
Amortisation of intangible assets	10	(8,174)	(8,069)	(5,212)
Total operating expenses		(429,141)	(425,677)	(388,216)

Operating profit	3	98,183	98,553	95,824

Finance income	8	353	1,188	976
Finance expense	8	(6,410)	(12,232)	(11,921)
Share in profits of associates	13	5,768	4,838	1,682
Transaction result on investment in an associate				9,409
Profit before tax		97,894	92,347	95,970

Tax	9	(23,584)	(20,999)	(21,793)
Profit for the year		74,310	71,348	74,177

Attributable to shareholders of the company		74,310	71,348	74,177

Figures per share		€	€	€
Basic earnings per share	20	1.68	1.63	1.72
Diluted earnings per share	20	1.68	1.63	1.72

Proposed dividend	19	1.00	0.65	0.65

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