Consolidated income statement

Condensed consolidated income statement
in € million	Note	2020	2019
Revenue	[8]	8,341.6	8,806.5
Cost of sales	[9]	–6,296.8	–6,474.6
Gross profit		2,044.8	2,331.9

Selling expenses	[9]	–915.8	–940.2
Research and development costs	[9]	–156.8	–155.3
Administrative expenses	[9]	–556.0	–546.9
Other income	[10]	93.7	69.5
Other expenses	[11]	–117.7	–54.5
(Loss) profit from equity-accounted investments	[12]	–2.2	12.1
Earnings before interest and tax		389.9	716.6

Financial income	[13]	113.6	105.5
Financial expenses	[14]	–201.9	–200.6
Net financial expenses		–88.3	–95.1

Earnings before tax		301.6	621.6

Income taxes	[15]	–90.7	–176.8
Current taxes		–145.2	–212.8
Deferred taxes		54.5	36.0

Net income		210.9	444.8
Attributable to shareholders of KION GROUP AG		215.3	454.8
Attributable to non-controlling interests		–4.4	–10.0

Earnings per share	[16]
Average number of shares (in million)		118.9	117.9
Basic earnings per share (in €)		1.81	3.86
Diluted earnings per share (in €)		1.81	3.86