Consolidated income statement

Consolidated income statement
in € million	Note	2023	2022
Revenue	[7]	11,433.7	11,135.6
Cost of sales	[8]	–8,652.5	–9,011.5
Gross profit		2,781.2	2,124.0

Selling expenses	[8]	–1,143.3	–1,118.6
Research and development costs	[8]	–235.1	–203.3
Administrative expenses	[8]	–760.9	–656.0
Other income	[9]	136.0	138.9
Other expenses	[10]	–130.2	–130.9
Profit from equity-accounted investments	[11]	12.8	14.1
Earnings before interest and tax		660.6	168.3

Financial income	[12]	207.8	303.3
Financial expenses	[13]	–408.6	–333.5
Net financial expenses		–200.8	–30.2

Earnings before tax		459.8	138.0

Income taxes	[14]	–145.4	–32.2
Current taxes		–286.6	–107.2
Deferred taxes		141.2	75.0

Net income		314.4	105.8
Attributable to shareholders of KION GROUP AG		305.8	98.0
Attributable to non-controlling interests		8.6	7.8

Earnings per share	[15]
Average number of shares (in million)		131.1	131.1
Basic earnings per share (in €)		2.33	0.75
Diluted earnings per share (in €)		2.33	0.75