Condensed consolidated statement of income

million €, earnings per share in €
	Note	1st quarter ended Dec. 31, 2006	1st quarter ended Dec. 31, 2007
Net sales	10	12,332	12,270
Cost of sales		(9,964)	(10,150)
Gross margin		2,368	2,120

Selling expenses		(695)	(682)
General and administrative expenses		(576)	(656)
Other operating income		199	92
Other operating expenses		(136)	(129)
Gain/(loss) on the disposal of subsidiaries, net		2	0
Income from operations		1,162	745

Income from companies accounted for using the equity method		13	19
Interest income		72	69
Interest expense		(171)	(171)
Other financial income/(expense), net		(14)	(16)
Financial income/(expense), net		(100)	(99)

Income before income taxes		1,062	646

Income tax expense		(401)	(211)
Net income		661	435

Thereof:
ThyssenKrupp AG‘s stockholders		641	414
Minority interest		20	21
Net income		661	435

Basic and diluted earnings per share	11
Net income (attributable to ThyssenKrupp AG‘s stockholders)		1.31	0.85

See accompanying notes to the condensed consolidated financial statements.