Consolidated results for the year ended 31 March 2015


in € millions31 March 2015(1)31 March 2014(1)Change
Sales 10 410 10 023 + 4 %
Gross profit 6 876 6 491 + 6 %
Gross margin (%) 66.1 64.8 + 130 bps
Operating profit 2 670 2 427 + 10 %
Operating margin (%) 25.6 24.2 + 140 bps
Loss for the year from discontinued operations (2) (12) + 83 %
Profit for the year 1 334 2 067 - 35 %
Earnings per share - diluted basis (€) 2.356 3.676 - 36 %
Cash flow generated from operations 2 387 2 875 € (488) m
Net cash position 5 419 4 659 € 760 m

Note (1): the income statement has been re-presented to reflect discontinued operations (The Net-A-Porter Group) in both years