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CONSOLIDATED STATEMENT OF PROFIT OR LOSS

  Year ended December 31,
(EUR thousand, except per share data)Notes20152016
Net sales19669,621597,930
Cost of sales(374,094)(333,430)
Gross profit19295,527264,500
Operating expenses:
Selling, general and administrative21(94,729)(91,130)
Research and development22(89,735)(91,129)
Total operating expenses(184,464)(182,259)
Result from operations19111,06382,241
Finance income1,1123,095
Finance expense(1,620)(1,096)
Foreign currency exchange gain, net25,26413,032
Share in income of investments in associates616,10840,488
Result before income taxes151,927137,760
Income taxes205,350(2,289)
Net earnings from operations, attributable to common shareholders157,277135,471
Per share data23
Basic net earnings per share (EUR):
From operations2.532.23
Diluted net earnings per share (EUR):
From operations2.502.21
Weighted average number of shares (thousand):
Basic62,11460,616
Diluted62,92861,253