Fiscal 2021 Universal Registration Document

3.2 Fiscal year performance

3. Fiscal year activity report

3.2 Fiscal year performance

3.2.1 Consolidated income statement

(in millions of euro) AUGUST 31, 2021 AUGUST 31, 2020 DIFFERENCE DIFFERENCE CONSTANT RATES
Revenue

Revenue

AUGUST 31, 202117.428

Revenue

AUGUST 31, 2020

19.321

Revenue

DIFFERENCE

-9.8%

Revenue

DIFFERENCE CONSTANT RATES

-5.8%

UNDERLYING OPERATING PROFIT UNDERLYING OPERATING PROFITAUGUST 31, 2021578 UNDERLYING OPERATING PROFITAUGUST 31, 2020569 UNDERLYING OPERATING PROFITDIFFERENCE+1.6% UNDERLYING OPERATING PROFITDIFFERENCE CONSTANT RATES+12.4%
UNDERLYING OPERATING PROFIT MARGIN UNDERLYING OPERATING PROFIT MARGINAUGUST 31, 20213.3% UNDERLYING OPERATING PROFIT MARGINAUGUST 31, 20202.9% UNDERLYING OPERATING PROFIT MARGINDIFFERENCE+40 pbs UNDERLYING OPERATING PROFIT MARGINDIFFERENCE CONSTANT RATES+60 pbs
Other operating expenses Other operating expensesAUGUST 31, 2021(239) Other operating expensesAUGUST 31, 2020(503) Other operating expensesDIFFERENCE

 

Other operating expensesDIFFERENCE CONSTANT RATES

 

OPERATING PROFIT OPERATING PROFITAUGUST 31, 2021339 OPERATING PROFITAUGUST 31, 202065 OPERATING PROFITDIFFERENCE+417.8% OPERATING PROFITDIFFERENCE CONSTANT RATES+485.9%
Net financial expense Net financial expenseAUGUST 31, 2021(106) Net financial expenseAUGUST 31, 2020(291) Net financial expenseDIFFERENCE

 

Net financial expenseDIFFERENCE CONSTANT RATES

 

PRE-TAX PROFIT excluding share of profit from Equity method companies PRE-TAX PROFIT excluding share of profit from Equity method companiesAUGUST 31, 2021229 PRE-TAX PROFIT excluding share of profit from Equity method companiesAUGUST 31, 2020(230) PRE-TAX PROFIT excluding share of profit from Equity method companiesDIFFERENCE

 

PRE-TAX PROFIT excluding share of profit from Equity method companiesDIFFERENCE CONSTANT RATES

 

Tax charge* Tax charge*AUGUST 31, 2021(101) Tax charge*AUGUST 31, 2020(98) Tax charge*DIFFERENCE

 

Tax charge*DIFFERENCE CONSTANT RATES

 

GROUP NET PROFIT GROUP NET PROFITAUGUST 31, 2021139 GROUP NET PROFITAUGUST 31, 2020(315) GROUP NET PROFITDIFFERENCE

 

GROUP NET PROFITDIFFERENCE CONSTANT RATES

 

EPS (in euro) EPS (in euro)AUGUST 31, 20210.95 EPS (in euro)AUGUST 31, 2020(2,16) EPS (in euro)DIFFERENCE

 

EPS (in euro)DIFFERENCE CONSTANT RATES

 

UNDERLYING NET PROFIT UNDERLYING NET PROFITAUGUST 31, 2021346 UNDERLYING NET PROFITAUGUST 31, 2020306 UNDERLYING NET PROFITDIFFERENCE+13.1% UNDERLYING NET PROFITDIFFERENCE CONSTANT RATES+30.5%
Underlying EPS (in euro) Underlying EPS (in euro)AUGUST 31, 20212.37 Underlying EPS (in euro)AUGUST 31, 20202.10 Underlying EPS (in euro)DIFFERENCE

+13.0%

Underlying EPS (in euro)DIFFERENCE CONSTANT RATES

 

 

* Fiscal 2021 Underlying effective tax rate is around 28.3%, stable compared to 30% in Fiscal 2020.