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Income Statement

Condensed consolidated statement of income for the first nine months 2018

in € million 
Jan - Sep 2018 Jan - Sep 2017
Sales 7,059 6,456
EBITDA 1,414 1,032
Operating profit (EBIT) 1,049 647
Financial income and expense -75 -93
Profit before income tax expense 974 554
Income tax expense -171 -96
Share of the profit of associates/
joint control entities
18 1,145
Net profit 821 1,603
Of which:    
Profit attributable to non-controlling interests -2 -7
Net profit attributable to equity holders of DSM 819 1,596
Dividend on cumulative preference shares -6 -6
Net profit available to holders of ordinary shares 813 1,590
     
Depreciation and amortization 365 385

Reconciliation to Alternative Performance Measures for the first nine months 2018

in € million 
Jan- Sep 2018 Jan - Sep 2017
EBITDA 1,414 1,032
Acquisitions/divestments -12 8
Restructuring 51 47
Other -1 -1
Sub-total APM adjustments to EBITDA 38 54
Adjusted EBITDA 1,452 1,086
     
Operating profit (EBIT) 1,049 647
APM adjustments to EBITDA 38 54
Impairments of PPE and Intangible assets 13 16
Sub-total APM adjustments to operating profit (EBIT) 51 70
Adjusted operating profit (EBIT) 1,100 717
     
Net profit 821 1,603
APM adjustments to operating profit (EBIT) 51 70
APM adjustments to financial income and expense 0 0
Income tax related to APM adjustments -14 -17
APM adjustments to share of the profit of associates / joint control entities -6 -1,152
Sub-total APM adjustments to net profit 31 -1,099
Adjusted net profit 852 504
     
Net profit available to holders of ordinary shares 813 1,590
APM adjustments to net profit 31 -1,099
Adjusted net profit available to holders of ordinary shares 844 491
     
Average number of ordinary shares (million) 175.2 174.9
Earnings per share (EPS) (in €):    
Net earnings per share 4.64 9.09
Adjusted net earnings per share 4.82 2.81