INCOME STATEMENT (million euros)

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999
Sales

8,907

9,927

11,135

13,026

14,000

14,891

16,236

18,800

18,573

25,633
Others

541

237

331

297

255

403

423

488

416

662
OPERATING REVENUES

9,448

10,164

11,467

13,322

14,255

15,294

16,659

19,287

18,989

26,295
Materials consumed

5,775

5,766

7,213

9,017

9,766

10,541

11,711

13,297

12,751

16,444
Personnel expenses

723

799

741

767

768

782

807

898

970

1,267
Taxes other than income tax

348

269

307

296

286

266

322

454

220

614
Outside work, supplies and services

1,274

1,748

1,690

1,497

1,537

1,542

1,626

1,922

1,950

2,960
Transport and freight

312

334

297

273

261

265

280

316

387

585
Depreciation, depletion and amoirtization

347

472

484

528

575

622

719

996

1,054

1,796
OPERATING EXPENSES

8,780

9,389

10,732

12,379

13,192

14,017

15,465

17,883

17,331

23,666
OPERATING INCOME

668

776

734

943

1,063

1,277

1,194

1,404

1,658

2,629
INTEREST INCOME (EXPENSE)

48

18

-2

-81

-88

-64

-49

-150

-170

-726
EQUITY ON EARNINGS (LOSSES) OF UNCONSOLIDATED AFFILIATE

19

-6

-35

-4

2

5

2

13

1

59
GOODWILL AMORTIZATION

-9

-29

-24

-27

-17

-40

-5

-23

-24

-133
EXTRAORDINARY INCOME (EXPENSE)

-45

2

32

-96

-22

-42

-10

21

-54

-87
INCOME BEFORE TAX AND MINORITY INTEREST

680

761

706

735

938

1,135

1,131

1,266

1,411

1,742
INCOME TAX

-209

-260

-190

-189

-293

-364

-332

-366

-397

-557
MINORITARY INTEREST

-64

-80

-84

-65

-63

-64

-83

-142

-139

-175
NET INCOME

407

422

432

481

582

707

717

758

875

1,011
NET INCOME PER SHARE  ( /share) Calculated for 900M shares 1986-1998, 1038M in 1999

0.45

0.47

0.48

0.53

0.65

0.79

0.80

0.84

0.97

0.97
NET INCOME
    (US GAAP)

413

474

428

574

583

671

898

859

875

1,134
NET INCOME PER SHARE  ( /share) Calculated for 900M shares 1986-1998, 1038M in 1999 0.46 0.53 0.47 0.64 0.65 0.75 1.00 0.95 0.97 1.09