Rational Statements
RA
Rational Income Statement
B
M
EUR (except Earnings per share)
Financial
Revenue
Cost of sales
Gross profit
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Interest expense
Other income
Income before tax
Provision for income taxes
Net income
Diluted earnings per share
Shares outstanding after dilution
294.82
100
119.98
40.7
174.84
59.3
16.161
5.5
79.235
26.9
96.995
32.9
77.849
26.4
2.62
0.9
-0.208
-0.07
80.261
27.2
19.262
6.5
60.999
20.7
5.365
11.37
286.43
100
118.95
41.5
167.48
58.5
14.516
5.1
80.033
27.9
96.337
33.6
71.141
24.8
2.756
1
-0.048
-0.02
73.837
25.8
17.721
6.2
56.116
19.6
4.935
11.37
292.76
100
125.08
42.7
167.68
57.3
15.327
5.2
77.58
26.5
92.602
31.6
75.077
25.6
2.781
0.9
0.361
0.1
78.313
26.7
20.957
7.2
57.356
19.6
5.045
11.37
272.29
100
116.1
42.6
156.19
57.4
12.604
4.6
76.706
28.2
90.297
33.2
65.894
24.2
1.769
0.6
-0.077
-0.03
67.874
24.9
15.612
5.7
52.262
19.2
4.596
11.37
278.34
100
120.9
43.4
157.44
56.6
11.639
4.2
75.27
27
87.875
31.6
69.566
25
1.333
0.5
-0.235
-0.08
70.705
25.4
16.261
5.8
54.444
19.6
4.788
11.37
282.45
100
125.14
44.3
157.31
55.7
13.024
4.6
76.764
27.2
90.846
32.2
66.464
23.5
0.869
0.3
-0.204
-0.07
67.144
23.8
15.444
5.5
51.7
18.3
4.547
11.37
290.43
100
122.64
42.2
167.79
57.8
12.639
4.4
79.032
27.2
93.722
32.3
74.072
25.5
0.451
0.2
-0.191
-0.07
74.739
25.7
13.714
4.7
61.025
21
5.367
11.37
274.24
100
124.15
45.3
150.09
54.7
9.918
3.6
70.731
25.8
79.78
29.1
70.308
25.6
-0.032
-0.01
0.069
0.03
70.345
25.7
16.53
6
53.815
19.6
4.733
11.37
232.43
100
108.03
46.5
124.39
53.5
10.69
4.6
69.011
29.7
79.026
34
45.367
19.5
-0.076
-0.03
-0.011
-0.005
45.28
19.5
10.616
4.6
34.664
14.9
3.049
11.37
225.25
100
102.46
45.5
122.79
54.5
11.503
5.1
64.823
28.8
75.028
33.3
47.763
21.2
-0.079
-0.04
-0.305
-0.1
47.379
21
11.161
5
36.218
16.1
3.185
11.37
193.46
100
92.358
47.7
101.1
52.3
11.743
6.1
63.345
32.7
75.09
38.8
26.009
13.4
-0.084
-0.04
-0.401
-0.2
25.524
13.2
3.863
2
21.661
11.2
1.905
11.37
206.94
100
92.459
44.7
114.48
55.3
10.275
5
56.167
27.1
64.759
31.3
49.722
24
-0.075
-0.04
-0.2
-0.1
49.447
23.9
11.62
5.6
37.827
18.3
3.327
11.37
211.64
100
91.845
43.4
119.79
56.6
11.731
5.5
55.828
26.4
67.562
31.9
52.231
24.7
-0.081
-0.04
-0.144
-0.07
52.006
24.6
12.221
5.8
39.785
18.8
3.499
11.37
167.7
100
73.798
44
93.901
56
11.37
6.8
52.211
31.1
61.729
36.8
32.172
19.2
-0.139
-0.08
-0.15
-0.09
31.883
19
7.493
4.5
24.39
14.5
2.145
11.37
183.31
100
80.224
43.8
103.09
56.2
—
0
49.324
26.9
60.684
33.1
42.407
23.1
-0.128
-0.07
-0.077
-0.04
42.202
23
8.478
4.6
33.724
18.4
2.966
11.37
168.24
100
74.156
44.1
94.086
55.9
8.973
5.3
45.23
26.9
57.247
34
36.839
21.9
-0.108
-0.06
-0.063
-0.04
36.668
21.8
8.188
4.9
28.48
16.9
2.505
11.37
116.77
100
55.299
47.4
61.472
52.6
9.889
8.5
48.289
41.4
59.89
51.3
1.582
1.4
-0.103
-0.09
0.017
0.01
1.496
1.3
0.338
0.3
1.158
1
0.102
11.37
181.26
100
79.789
44
101.47
56
11.868
6.5
60.641
33.5
75.492
41.6
25.978
14.3
0.001
0.0006
-3.968
-2.2
22.011
12.1
5.277
2.9
16.734
9.2
1.472
11.37
231.06
100
95.049
41.1
136.01
58.9
11.613
5
60.661
26.3
72.161
31.2
63.849
27.6
-0.139
-0.06
0.12
0.05
63.83
27.6
16.431
7.1
47.399
20.5
4.169
11.37
213.18
100
87.703
41.1
125.48
58.9
9.502
4.5
56.376
26.4
64.161
30.1
61.318
28.8
-0.016
-0.008
0.46
0.2
61.762
29
14.187
6.7
47.575
22.3
4.184
11.37
205.13
100
83.821
40.9
121.31
59.1
10.604
5.2
58.665
28.6
69.793
34
51.519
25.1
-0.03
-0.01
0.473
0.2
51.962
25.3
11.959
5.8
40.003
19.5
3.518
11.37
194.26
100
79.504
40.9
114.75
59.1
10.298
5.3
59.692
30.7
68.066
35
46.689
24
0.021
0.01
0.845
0.4
47.555
24.5
10.942
5.6
36.613
18.8
3.22
11.37
215.69
100
93.335
43.3
122.35
56.7
10.625
4.9
51.292
23.8
59.371
27.5
62.983
29.2
0.042
0.02
-0.691
-0.3
62.334
28.9
13.523
6.3
48.811
22.6
4.293
11.37
194.9
100
81.2
41.7
113.6
58.3
8.9
4.6
54.1
27.8
62.5
32.1
51.1
26.2
0.1
0.05
—
0
51.2
26.3
12
6.2
39.1
20.1
3.44
11.4
193.8
100
81.2
41.9
112.6
58.1
9.6
5
53.8
27.8
62.6
32.3
50
25.8
—
0
-0.2
-0.1
49.9
25.7
11.7
6
38.2
19.7
3.36
11.4
173.5
100
70.8
40.8
102.7
59.2
9
5.2
52.6
30.3
61.8
35.6
40.8
23.5
—
0
—
0
40.8
23.5
9.6
5.5
31.2
18
2.75
11.4
192.9
77.1
115.9
9.1
50.8
60.6
55.2
-0.2
0.1
55.1
13
42
3.7
11.4
178.1
70.1
108
8.4
49.2
59.5
48.5
-0.1
-2
48.4
11.4
37
3.26
11.4
165.4
64
101.4
8.1
50.5
61.7
39.7
-0.1
-1.6
39.6
9.3
30.3
2.66
11.4
165.7
64.6
101.1
7.5
50.8
57
44.1
-0.1
0
44
10.3
33.7
2.96
11.4
176.9
67.6
109.3
10.3
49.2
59.1
50.2
-0.3
0
49.9
11.5
38.4
3.37
11.4
153.1
59
94
6.5
44.7
51.3
42.7
-0.1
0
42.6
10
32.6
2.87
11.4
147.4
55.8
91.6
6.3
44.8
50.2
41.4
-0.1
—
41.3
9.7
31.7
2.78
11.4
135.7
51.8
83.9
5.7
43.4
51.7
32.2
-0.1
0
32.1
7.6
24.5
2.15
11.4
160.8
62.4
98.4
7.1
47.4
54.4
44
-0.1
-1.2
43.9
10.7
33.2
2.92
11.4
143
52.8
90.2
4.6
38.6
43.1
47.1
-5
-0.3
42.1
9.6
32.5
2.86
11.4
135.8
50.4
85.4
6
39.3
45.3
40.1
-1.3
-0.6
38.8
9.3
29.5
2.6
11.4
124.7
49.5
75.3
5.9
40.2
46
29.2
5.7
-0.4
34.9
8.3
26.6
2.34
11.4
144
53.7
90.3
5.8
38.2
44.1
46.2
-0.5
-1
45.8
11
34.7
3.05
11.4
129.5
49.9
79.6
4.6
35.3
39.9
39.7
3.7
-0.3
43.4
10.3
33.1
2.91
11.4
122.4
48.8
73.6
4.4
36.3
40.9
32.7
2.2
-0.5
34.9
8.3
26.6
2.34
11.4
100.8
40.4
60.5
4.3
35.2
39.5
20.9
-0.3
-0.3
20.6
4.9
15.7
1.38
11.4
132.4
49.4
83
4.9
36
41.2
41.8
-0.2
0
41.6
10
31.6
2.78
11.4
117.9
46.6
71.3
4
30.6
35.4
35.9
-0.1
-2
35.8
8.3
27.4
2.41
11.4
106.8
42.5
64.4
3.9
32.4
38.5
25.9
-0.1
-0.6
25.7
6.2
19.6
1.72
11.4
104
41.9
62.1
3.9
33.5
37.4
24.7
-0.1
-0.3
24.6
5.9
18.7
1.64
11.4
117.5
46.7
70.8
3.6
32.6
37.9
32.9
-0.2
-0.2
32.7
7.6
25.1
2.21
11.4