The audit procedures were carried out and the Statutory Auditors' report was issued.
Consolidated financial statements
1. Consolidated income statement
(in millions of euros)
NET SALES
Notes
2018
1.E.a, 4 and 5
6,490
6,370
(2,081)
(1,799)
Metal price effect(1)
SALES AT CONSTANT METAL PRICES(1)
2017
4,409
4,571
Cost of sales
(5,728)
(5,510)
Cost of sales at constant metal prices(1)
(3,646)
(3,711)
GROSS PROFIT
762
860
Administrative and selling expenses
