Econocom - 2019 Universal registration document

111 2019 annual report 05 management report profit for the year Profit for the year 2. Income statement 2.1. in € ڳ millions 2019 2018 Restated (1) Change Revenue 2,926.6 2,999.0 (2.4%) Technology Management & Financing (TMF) 1,124.2 1,321.1 (14.9%) Digital Services & Solutions 1,802.4 1,677.9 7.4% Profit (loss) from continuing operations (2) 126.2 110.9 13.8% Profit (loss) from continuing operations 124.2 106.7 16.3% Other non-recurring operating income and expenses (24.8) (19.9) 24.3% Operating profit 99.4 86.8 14.5% Other financial income and expenses (19.2) (15.5) 23.7% Profit before tax 80.2 71.2 12.5% Income tax expense (22.3) (20.8) 7.1% Profit from continuing operations 57.9 50.4 14.8 Profit (loss) from discontinued operations (9.2) (5.9) 58.1% Profit for the period 48.6 44.6 9.1% Non-controlling interests 3.9 5.2 (24.6%) Profit for the period attributable to owners of the parent 44.7 39.4 13.5% Recurring net profit attributable to owners of the parent (2) 72.1 62.4 15.5% The 2018 income statements are restated for the following changes in method: (1) income and expenses of operations considered discontinued at 31/12/19 are restated to "profit or loss of • discontinued operations" in both the 2018 and 2019 income statements; revenue is based on our new interpretation of IFRS 15 for 2018 and 2019 direct deliveries (excl. licences); • however, in accordance with the provisions of IFRS 16, which came into force on 1 ژ January 2019, the 2018 data is • not restated for the impact of this regulation on leases. Recurring operating profit before amortisation of intangible assets from acquisitions/Recurring profit attributable (2) to owners of the parent: to facilitate the monitoring and comparability of its operating and financial performances, Econocom Group presents two key indicators, “recurring operating profit before amortisation of intangible assets from acquisitions” and “recurring profit attributable to owners of the parent”. Their definition is given in the notes to the financial statements.