Annual Report 2002 - Fiskars Corporation

22Consolidated Income Statement2002 2001M€ M€Net salesCost of salesGross profit725.5 100.0%–501.5224.0 30.9%762.3 100.0%–538.1224.2 29.4%Sales and marketing expensesAdministration expensesOther operating incomeOther operating expensesRestructuring expensesOperating profit–98.8–61.83.0–19.1–19.527.9 3.8%–109.6–54.94.3–18.2–33.612.1 1.6%Income from participating interestsFinancial income and expenses (6)Profit before taxes0.044.272.1 9.9%0.023.635.7 4.7%Income taxes (8)–22.5–13.1Profit for the financial year49.6 6.8%22.6 3.0%