6

Financial Statements

Consolidated profit and loss account for 2023

In thousands of euros

2023

2022

Net turnover

(12)

917,087

939,146

Cost of sales

(883,561)

(911,629)

Gross margin on turnover

33,526

27,517

Selling and distribution expenses

(13)

(15,682)

(16,068)

General and administrative expenses

(14)

(3,545)

(2,707)

Total operation expenses

(19,227)

(18,775)

Other operating income

(16)

13,477

22,853

Net result on turnover

27,776

31,595

Interest receivable and similar income

(17)

424

7

Interest payable and similar charges

(18)

(5,441)

(2,223)

(5,017)

(2,216)

Result before tax

22,759

29,379

Tax on result

(19)

(5,872)

(7,519)

Share of result from participating interests

(2)

(841)

(1,050)

Result after tax

16,046

20,811

The accompanying notes are an integral part of these consolidated financial statements.