Annual Report 2023

Consolidated income statement by functions

For the years ended 31 December 2023 and 2022

(€ Million)

 

Notes

 

2023

 

2022

 

4th Quarter
2023

 

4th Quarter
2022

Sales and services rendered

 

3

 

30,608

 

25,385

 

8,157

 

6,992

Cost of sales

 

4

 

(24,357)

 

(20,053)

 

(6,507)

 

(5,547)

Gross profit

 

 

 

6,251

 

5,332

 

1,651

 

1,445

Distribution costs

 

4

 

(4,490)

 

(3,850)

 

(1,188)

 

(1,026)

Administrative costs

 

4

 

(495)

 

(411)

 

(128)

 

(114)

Other operating profits/losses

 

4.1

 

(80)

 

(95)

 

(44)

 

(39)

Operating profit

 

 

 

1,187

 

976

 

292

 

265

Net financial costs

 

6

 

(174)

 

(162)

 

(32)

 

(27)

Gains (losses) in joint ventures and associates

 

11

 

(1)

 

0

 

(0)

 

0

Profit before taxes

 

 

 

1,012

 

814

 

259

 

238

Income tax

 

7

 

(239)

 

(207)

 

(57)

 

(69)

Profit before non-controlling interests

 

 

 

773

 

607

 

202

 

169

Attributable to:

 

 

 

 

 

 

 

 

 

 

Non-controlling interests

 

 

 

16

 

17

 

4

 

(2)

Jerónimo Martins Shareholders

 

 

 

756

 

590

 

198

 

171

Basic and diluted earnings per share – euros

 

18

 

1.2035

 

0.9387

 

0.3157

 

0.2726

To be read with the attached notes to the consolidated financial statements.

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