| (in millions of euros) | Notes | 2019 | 2018 | |
|---|---|---|---|---|
(in millions of euros) Net revenue(1) |
| Notes 9,800 | 2019 8,969 | |
(in millions of euros) Pass-through revenue |
| Notes 1,201 | 2019 982 | |
(in millions of euros) Revenue |
| Notes 11,001 | 2019 9,951 | |
(in millions of euros) Personnel costs | 3 | Notes (6,073) | 2019 (5,747) | |
(in millions of euros) Other operating costs | 4 | Notes (2,683) | 2019 (2,155) | |
(in millions of euros) Operating margin before depreciation and amortization |
| Notes 2,245 | 2019 2,049 | |
(in millions of euros) Depreciation (excluding acquired intangible assets) | 5 | Notes (586) | 2019 (526) | |
(in millions of euros) Operating Margin |
| Notes 1,659 | 2019 1,523 | |
(in millions of euros) Amortization of intangibles from acquisitions | 5 | Notes (204) | 2019 (69) | |
(in millions of euros) Impairment loss | 5 | Notes (209) | 2019 (131) | |
(in millions of euros) Non-current income and expenses | 6 | Notes 21 | 2019 (20) | |
(in millions of euros) Operating income |
| Notes 1,267 | 2019 1,303 | |
(in millions of euros) Financial expense | 7 | Notes (137) | 2019 (81) | |
(in millions of euros) Financial income | 7 | Notes 112 | 2019 70 | |
(in millions of euros) Cost of net financial debt | 7 | Notes (25) | 2019 (11) | |
(in millions of euros) Revaluation of earn-out payments | 7 | Notes (22) | 2019 (13) | |
(in millions of euros) Other financial income and expenses | 7 | Notes (66) | 2019 (60) | |
(in millions of euros) Pre-tax income of consolidated companies |
| Notes 1,154 | 2019 1,219 | |
(in millions of euros) Income taxes | 8 | Notes (305) | 2019 (285) | |
(in millions of euros) Net income of consolidated companies |
| Notes 849 | 2019 934 | |
(in millions of euros) Share of profit of associates | 13 | Notes (5) | 2019 (4) | |
(in millions of euros) Net income |
| Notes 844 | 2019 930 | |
(in millions of euros) Of which: |
| Notes
| 2019
| |
(in millions of euros) • Net income attributable to non-controlling interests |
| Notes 3 | 2019 11 | |
(in millions of euros) • Net income attributable to equity holders of the parent company |
| Notes 841 | 2019 919 | |
(in millions of euros) Per-share data (in euros) – Net income attributable to equity holders of the parent company | 9 | Notes
| 2019
| |
(in millions of euros) Number of shares |
| Notes 234,293,034 | 2019 229,231,677 | |
(in millions of euros) Earnings per share |
| Notes 3.59 | 2019 4.01 | |
(in millions of euros) Number of diluted shares |
| Notes 236,608,597 | 2019 234,564,382 | |
(in millions of euros) Diluted earnings per share |
| Notes 3.55 | 2019 3.92 | |
(1) Net revenue: Revenue less pass-through costs. Those costs are mainly production & media costs and out-of-pocket expenses. As these items that can be passed on to clients are not included in the scope of analysis of transactions, the net revenue indicator is the most appropriate for measuring the Group’s operational performance.
