Consolidated Financial Analysis
Other operating revenue amounted to 2.2 million euros, of which
the largest part came from supplier co-participations in marketing
campaigns.
Operating costs
Consolidated operating costs reached 197.6 million euros, up 10.6%
over the previous year, below the growth of sales.
Gross margin
The cost of sales (cost of goods and raw materials sold and con-
sumed) increased from 23.6% to 24% of turnover, because of the
great pressure on sale prices occurring in the food service market
and the increased weight of counters.
Gross margin over turnover was 76.0% in this financial year.
Remunerations and other personnel costs
Personnel costs rose by 6.6million euros to reach 64.5million euros.
The 11.3% increase was appropriate to accompany the rise in activity.
In 2014 this item accounted for 30.9% of turnover; in 2015 the figure
is 30.2%.
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