Statutory Financial Statements

(€ thousand)Notes20142013
Net revenues (1) 1,007,130 -
Cost of sales 868,182 -
GROSS PROFIT 138,948 -
Selling, general and administrative costs (2) 99,496 54,361
Research and development costs (3) 21,173 -
Other income/(expenses) (4) 23,922 10,962
Restructuring expenses (5) 1,900 -
OPERATING PROFIT/(LOSS) 40,301 (43,399)
Financial income/(expenses) (6) (111,313) (116,959)
Result from investments (7) 691,230 979,967
PROFIT/(LOSS) BEFORE TAXES 620,218 819,609
Income taxes (8) 69,919 (30,647)
PROFIT/(LOSS) FROM CONTINUING OPERATIONS 690,137 788,962
Profit/(loss) from discontinued operations - -
PROFIT/(LOSS) 690,137 788,962