1、CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31,20241Consolidated financial statements as of December 31,2024CONSOLIDATED INCOME STATEMENT 2CONSOLIDATED STATEMENT OF COMPREHENSIVE GAINS AND LOSSES 3CONSOLIDATED BALANCE SHEET 4CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 5CONSOLIDATED CASH FLOW ST

2、ATEMENT 6NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 7CONSOLIDATED COMPANIES 67COMPANIES NOT INCLUDED IN THE SCOPE OF CONSOLIDATION 75STATUTORY AUDITORS REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS 76CONSOLIDATED FINANCIAL STATEMENTSAs table totals are based on unrounded figures,there may be d

3、iscrepancies between these totals and the sum of their rounded component figures.This document is a free translation into English of the original French“Comptes consolids 31 dcembre 2024”,hereafter referred to as the“Consolidated financial statements”.It is not a binding document.In the event of a c

4、onflict in interpretation,reference should be made to the French version,which is the authentic text.CONSOLIDATED FINANCIAL STATEMENTSConsolidated income statement2Consolidated financial statements as of December 31,2024CONSOLIDATED INCOME STATEMENT(EUR millions,except for earnings per share)Notes 2

5、02420232022Revenue2425 84,683 86,15379,184Cost of sales (27,918)(26,876)(24,988)Gross margin 56,765 59,27754,196Marketing and selling expenses (31,002)(30,768)(28,151)General and administrative expenses (6,220)(5,714)(5,027)Income/(Loss)from joint ventures and associates8 28 737Profit from recurring

6、 operations2425 19,571 22,80221,055Other operating income and expenses26(664)(242)(54)Operating profit 18,907 22,56021,001Cost of net financial debt (442)(367)(17)Interest on lease liabilities (510)(393)(254)Other financial income and expenses 160(175)(617)Net financial income/(expense)27(792)(935)(