1、Consolidated financial statements as of December 31,2024Consolidated financial statements as of December 31,20241Consolidated financial statements1.Consolidatedincomestatement22.Consolidatedstatementofcomprehensivegainsandlosses33.Consolidatedbalancesheet44.Consolidatedstatementofchangesinequity55.C
2、onsolidatedcashflowstatement66.Notestotheconsolidatedfinancialstatements77.Consolidatedcompanies678.Companiesnotincludedinthescopeofconsolidation759.StatutoryAuditorsreportontheconsolidatedfinancialstatements76As table totals are based on unrounded figures,there may be discrepancies between these to
3、tals and the sum of their rounded component figures.This document is a free translation into English of the original French“Comptes consolids”,hereafter referred to as the“Consolidated financial statements”.It is not a binding document.In the event of a conflict in interpretation,reference should be
4、 made to the French version,which is the authentic text.2Consolidated financial statements as of December 31,2024Consolidated fnancial statementsConsolidated income statement1.Consolidated income statement(EUR millions,except for earnings per share)Notes 202420232022Revenue2425 84,68386,15379,184Cos
5、t of sales (27,918)(26,876)(24,988)Grossmargin 56,76559,27754,196Marketing and selling expenses (31,000)(30,767)(28,150)General and administrative expenses (6,228)(5,721)(5,033)Income/(Loss)from joint ventures and associates8 28 737Profitfromrecurringoperations2425 19,56522,79621,050Other operating
6、income and expenses26(664)(242)(54)Operatingprofit 18,90122,55420,996Cost of net financial debt (439)(363)(15)Interest on lease liabilities (510)(393)(254)Other financial income and expenses 149(170)(632)Netfinancialincome/(expense)27(800)(926)(901)Income taxes28(5,193)(5,707)(5,393)Netprofitbeforem