The Group’s gross profit increased 8% to reach
€ 5.256 billion in 2008 versus € 4.882 billion
in 2007. The Group’s operating margin grew
0.7 percentage points to 9.9% from 9.2% in
2007, due to the higher gross margin which
more than offset higher net other operating
expenses and income as a percentage of sales.
The Group’s operating profit increased 13% to
€ 1.070 billion in 2008 versus € 949 million in
2007. The Group’s net income attributable to
shareholders grew 16% to € 642 million from
€ 551 million in 2007. Diluted earnings per
share increased 20% to € 3.07 in 2008 versus
€ 2.57 in 2007.