Consolidated Financial Analysis
Other operating revenue amounted to 9.1 million euros, 6.9 million euros
higher than in 2015. The main contributions to this increase come from
the already reported compensation for the traffic losses caused by the im-
plementation of tolls in ex-Scuts in the amount of 2.4 million euros and
2.9 million euros contributed by Eat Out Group, of which the largest part
came from supplier co-participations in marketing campaigns.
Operating Costs
Consolidated operating costs reached 248.4 million euros, up 25.7% over
the previous year, below the growth of sales.
Gross margin
The cost of sales (cost of goods and raw materials sold and consu-
med) stood at 23.9% close to 24% of the previous year. The VAT rate
reduction effect in Portugal, in the second half of the year was par-
tially absorbed because of the great pressure on sale prices occur-
ring in the food service market and the increased weight of counters.
Gross margin over turnover was 76.1% in this financial year.
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