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Income Statement

Condensed consolidated statement of income Q1 2019

in € million Q1 2019 Q1 2018
Sales 2,292 2,435
EBITDA 416 526
Operating profit (EBIT) 271 411
Financial income and expense -29 -18
Profit before income tax expense 242 393
Income tax expense -44 -67
Share of the profit of associates/
joint control entities
-2 5
Net profit 196 331
Of which:    
Profit attributable to non-controlling interests -1 -1
Net profit attributable to equity holders of DSM  195 330
Dividend on cumulative preference shares -2 -2
Net profit available to holders of ordinary shares 193 328
Depreciation and amortization 145 115

Reconciliation to Alternative Performance Measures Q1 2019

in € million Q1 2019 Q1 2018
EBITDA 416 526
Acquisitions/divestments 3 -10
Restructuring 5 22
Other 0 0
Sub-total APM adjustments to EBITDA 8 12
Adjusted EBITDA 424 538
Operating profit (EBIT) 271 411
APM adjustments to EBITDA 8 12
Impairments of PPE and Intangible assets 0 0
Sub-total APM adjustments to operating profit (EBIT) 8 12
Adjusted operating profit (EBIT) 279 423
Net profit 196 331
APM adjustments to operating profit (EBIT) 8 12
APM adjustments to financial income and expense 0 0
Income tax related to APM adjustments -1 -6
APM adjustments to share of the profit of
associates/ joint control entities
-3 0
Sub-total APM adjustments to net profit  4 6
Adjusted net profit 200 337
     
Net profit available to holders of ordinary shares 193 328
APM adjustments to net profit 4 6
Adjusted net profit available to holders of
ordinary shares
197 334
Average number of ordinary shares (million) 176.1 174.8
Earnings per share (EPS) (in €):    
Net earnings per share 1.10 1.88
Adjusted net earnings per share 1.12 1.91