3. Selling expenses
€ million |
2018/191 |
2019/20 |
||
|---|---|---|---|---|
Personnel expenses |
2,001 |
1,931 |
||
Cost of material |
1,954 |
1,917 |
||
|
3,955 |
3,849 |
||
|
||||
In terms of selling expenses, personnel expenses decreased compared to the previous year, mainly due to lower wages and salaries and variable payments.
The decline in costs of material compared to the previous year resulted in particular from reduced consultancy costs and lower leasing, energy, travel and transport costs. It was offset by the increased depreciation of usufructuary rights.
Previous year
Period of 12 months relating to the financial year preceding the reporting year, usually cited as reference for statements in an annual report.
Glossary