Boskalis 2018 Half Year Report

HALF YEAR REPORT 2018 – BOSKALIS 20 INTERIM CONSOLIDATED FINANCIAL STATEMENTS 20 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (Condensed Consolidated Income Statement) 1ST HALF YEAR 1ST HALF YEAR (in millions of EUR) Note 2018 2017 REVISED*) OPERATING INCOME Revenue [7] 1,165.7 1,094.0 Other income [8] 2.2 3.7 1,167.9 1,097.7 OPERATING EXPENSES Raw materials, consumables, personnel expenses, services and subcontracted work - 1,032.5 - 893.0 Depreciation and amortization - 119.7 - 123.4 Impairment charges [9] - 379.8 - Other expenses [8] - 0.3 - 1.5 - 1,532.3 - 1,017.9 Share in result of joint ventures and associated companies 14.8 21.9 RESULTS FROM OPERATING ACTIVITIES (EBIT) - 349.6 101.7 Finance income and expenses - 6.2 - 7.0 PROFIT/LOSS (-) BEFORE TAXATION - 355.8 94.7 Income tax expense [18] - 5.9 - 19.6 NET GROUP PROFIT/LOSS (-) FOR THE REPORTING PERIOD - 361.7 75.1 NET GROUP PROFIT/LOSS (-) FOR THE REPORTING PERIOD ATTRIBUTABLE TO: Shareholders - 361.4 75.1 Non-controlling interests - 0.3 - - 361.7 75.1 Average number of shares (x 1,000) 130,891 130,565 Number of shares at the end of the reporting period (x 1,000) 134,068 133,352 Earnings per share EUR -2.76 EUR 0,58 Earnings per share excluding extraordinary charges EUR 0.27 EUR 0.58 Diluted earnings per share EUR -2.76 EUR 0.58 * Refer to notes 3 and 16 relating to the changes in accounting policies. The notes on pages 25 to 33 are an integral part of these Interim Consolidated Financial Statements for the first half year 2018.