Consolidated income statement

T€

Notes

2023

2022

Revenue

(1)

17,666,540

17,025,847

Changes in inventories

151,938

-4,851

Own work capitalised

9,747

15,865

Other operating income

(2)

302,314

236,760

Construction materials, consumables and services used

(3)

-11,275,080

-10,988,654

Employee benefits expense

(4)

-4,540,895

-4,133,734

Other operating expense

(5)

-1,086,601

-1,013,283

Share of profit or loss of equity-accounted investments

(6)

144,132

60,887

Net income from investments

(7)

46,218

58,369

EBITDA

1,418,313

1,257,206

Depreciation and amortisation expense

(8)

-538,116

-550,809

EBIT

880,197

706,397

Interest and similar income

119,194

50,742

Interest expense and similar charges

-75,068

-40,066

Net interest income

(9)

44,126

10,676

EBT

924,323

717,073

Income tax expense

(10)

-290,929

-236,944

Net income

633,394

480,129

attributable to: non-controlling interests

2,886

7,675

attributable to: equity holders of the parent (consolidated profit)

630,508

472,454

Basic earnings per share (€)

(11)

6.30

4.60